Smithville, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Smithville, MO Real Estate Data


Smithville Housing Market Information

With 9,233 people, 3,400 houses or apartments, and a median cost of homes of $217,544, Smithville real estate is some of the most expensive in Missouri, although Smithville home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Smithville, accounting for 79.33% of the city's housing units. Other types of housing that are prevalent in Smithville include duplexes, homes converted to apartments or other small apartment buildings ( 9.49%), row houses and other attached homes ( 6.90%), and a few large apartment complexes or high rise apartments ( 4.03%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Smithville. Owner-occupied housing accounts for 82.34% of Smithville's homes, and 72.60% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Smithville 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 Smithville built between 2000 and later ( 31.32%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.10%). There's also some housing in Smithville built before 1939 ( 3.03%).

Smithville Home Appreciation Rates

Appreciation rates for homes in Smithville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.34%, which ranks in the top 40% nationwide. This equates to an annual average Smithville house appreciation rate of 0.71%.

Appreciation rates are so strong in Smithville that despite a nationwide downturn in the housing market, Smithville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Smithville appreciation rates continue to be some of the highest in America, at 5.71%, which is higher than appreciation rates in 70.08% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Smithville. Smithville appreciation rates in the latest quarter were at 2.35%, which equates to an annual appreciation rate of 9.76%.

Relative to Missouri, our data show that Smithville's latest annual appreciation rate is higher than 80% of the other cities and towns in Missouri.

Average Home Values

 

Median Home Value:
$217,544

Smithville, MO HOME PRICES

Value Range
> $1,177,000 1.7
$883,001 - $1,177,000 0.0
$588,001 - $883,000 0.6
$470,001 - $588,000 4.3
$352,001 - $470,000 7.0
$235,001 - $352,000 28.6
$118,001 - $235,000 49.3
$59,001 - $118,000 8.2
$0 - $59,000 0.3

Very High for MO
High for Nation

Value Relative to Nation Value Relative to State
29.0917608479241 10.4

Number Of Homes And Apartments:
3,400

Rent & Ownership

 

Average Market Rent:
$1,077 / per month

Homeownership Rate

Homeownership
Owners 82.34
Renters 17.66
Vacant 5.42

Housing Market Details

 

Age of Homes

AGE OF Smithville HOMES
2000 or Newer 31.3
1970 - 1999 52.5
1940 - 1969 13.1
1939 or Older 3.0

Types of Homes

TYPE OF Smithville HOMES
Single-Family 79.3
Townhomes 6.9
Small Apt. Buildings 9.5
Apt. Complexes 4.0
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Smithville HOMES
No Bedroom 0.86
1 Bedroom 5.45
2 Bedrooms 15.99
3 Bedrooms 46.65
4 Bedrooms 25.95
5 or more bedrooms 5.09

Smithville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
31.86% 1.64% 4 3
* 10 is highest

Popular Neighborhoods in Smithville

Zip Codes in Smithville, MO