Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 56,160 people, 24,694 houses or apartments, and a median cost of homes of $510,198, Smyrna real estate is some of the most expensive in Georgia, although Smyrna home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Smyrna, accounting for 45.20% of the city's housing units. Other types of housing that are prevalent in Smyrna include large apartment complexes or high rise apartments ( 32.71%), row houses and other attached homes ( 17.02%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.64%).
People in Smyrna primarily live in small (one, two or no bedroom) single-family detached homes. Smyrna has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Smyrna built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Smyrna built between 2000 and later ( 32.61%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.47%).
In the last 10 years, Smyrna has experienced some of the highest home appreciation rates of any community in the nation. Smyrna real estate appreciated 145.07% over the last ten years, which is an average annual home appreciation rate of 9.38%, putting Smyrna in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Smyrna definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Smyrna's appreciation rate, at 5.56%, has been at or slightly above the national average. In the latest quarter, Smyrna's appreciation rate has been 2.20%, which annualizes to a rate of 9.09%.
Relative to Georgia, our data show that Smyrna's latest annual appreciation rate is lower than 70% of the other cities and towns in Georgia.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Smyrna differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Smyrna - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Smyrna real estate investment or home purchase decisions.
$510,198
for Georgia
for nation
24,694
$2,920 / per month