Smithville, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Smithville Neighborhoods Since 2000




Smithville, MO Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Smithville Housing Market Information

With a population of 9,233, 3,323 total housing units (homes and apartments), and a median house value of $195,802, 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 78.85% 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 ( 8.88%), row houses and other attached homes ( 6.87%), and a few large apartment complexes or high rise apartments ( 4.72%).

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 78.04% of Smithville's homes, and 72.79% 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 ( 31.48%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.92%). There's also some housing in Smithville built before 1939 ( 2.83%).

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 4.57%, which ranks in the top 40% nationwide. This equates to an annual average Smithville house appreciation rate of 0.45%.

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 7.00%, which is higher than appreciation rates in 81.34% 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 -0.04%, which equates to an annual appreciation rate of -0.17%.

Relative to Missouri, our data show that Smithville's latest annual appreciation rate is higher than 90% of the other cities and towns in Missouri.

Average Home Values

 

Median Home Value:
$195,802

Smithville, MO HOME PRICES

Value Range
> $1,163,000 0.8
$872,001 - $1,163,000 0.0
$581,001 - $872,000 1.5
$465,001 - $581,000 3.6
$349,001 - $465,000 6.4
$232,001 - $349,000 31.1
$116,001 - $232,000 48.4
$58,001 - $116,000 7.4
$0 - $58,000 0.7

Very High for MO
High for Nation

Value Relative to Nation Value Relative to State
33.3001289112856 14.4

Number Of Homes And Apartments:
3,323

Smithville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
28.75% 1.48% 4 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,063 / per month

Homeownership Rate

Homeownership
Owners 78.04
Renters 21.96
Vacant 6.02

Housing Market Details

 

Age of Homes

AGE OF Smithville HOMES
2000 or Newer 31.5
1970 - 1999 49.8
1940 - 1969 15.9
1939 or Older 2.8

Types of Homes

TYPE OF Smithville HOMES
Single-Family 78.8
Townhomes 6.9
Small Apt. Buildings 8.9
Apt. Complexes 4.7
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Smithville HOMES
No Bedroom 0.42
1 Bedroom 6.25
2 Bedrooms 15.84
3 Bedrooms 45.70
4 Bedrooms 27.09
5 or more bedrooms 4.69

Popular Neighborhoods in Smithville

Zip Codes in Smithville, MO