Smithville, TX


Highest Appreciating Smithville Neighborhoods Since 2000

Smithville, TX 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 4,101 people, 1,538 houses or apartments, and a median cost of homes of $153,402, Smithville real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Smithville, accounting for 77.53% of the city's housing units. Other types of housing that are prevalent in Smithville include mobile homes or trailers ( 10.17%), duplexes, homes converted to apartments or other small apartment buildings ( 9.39%), and a few large apartment complexes or high rise apartments ( 2.01%).

Dwellings in Smithville tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 51.70% of the homes in Smithville have two or fewer bedrooms.

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 1940-1969 ( 29.57%). A lesser amount of the housing stock also hails from before 1939 ( 28.90%). There's also some housing in Smithville built between 2000 and later ( 10.45%).

Vacant housing appears to be an issue in Smithville. Fully 14.03% of the housing stock is classified as vacant. Left unchecked, vacant Smithville homes and apartments can be a drag on the real estate market, holding Smithville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Smithville Home Appreciation Rates

In the last 10 years, Smithville has experienced some of the highest home appreciation rates of any community in the nation. Smithville real estate appreciated 50.34% over the last ten years, which is an average annual home appreciation rate of 4.16%, putting Smithville in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Smithville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Smithville appreciation rates have trailed the rest of the nation. In the last twelve months, Smithville's appreciation rate has been 1.88%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Smithville were at 1.68%, which equates to an annual appreciation rate of 6.88%.

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

Average Home Values


Median Home Value:

Smithville, TX HOME PRICES

Value Range
> $1,223,000 1.2
$917,001 - $1,223,000 0.0
$611,001 - $917,000 0.0
$489,001 - $611,000 2.4
$367,001 - $489,000 3.4
$244,001 - $367,000 15.2
$123,001 - $244,000 38.6
$61,001 - $123,000 21.5
$0 - $61,000 17.7

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
48.5849056603774 32.1011673151751

Number Of Homes And Apartments:

Smithville Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
65.66% 2.97% 4 8
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,086 / per month

Homeownership Rate

Owners 66.95
Renters 33.05
Vacant 14.03

Housing Market Details


Age of Homes

AGE OF Smithville HOMES
2000 or Newer 10.5
1970 - 1999 31.1
1940 - 1969 29.6
1939 or Older 28.9

Types of Homes

TYPE OF Smithville HOMES
Single-Family 77.5
Townhomes 0.5
Small Apt. Buildings 9.4
Apt. Complexes 2.0
Mobile Homes 10.2
Other 0.4

Home Size

SIZE OF Smithville HOMES
No Bedroom 0.89
1 Bedroom 7.27
2 Bedrooms 43.54
3 Bedrooms 33.48
4 Bedrooms 11.68
5 or more bedrooms 3.13

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Zip Codes in Smithville, TX