SMYRNA HOUSING MARKET INFORMATION With a population of 57,418, 19,935 total housing units (homes and apartments), and a median house value of $386,350, Smyrna real estate prices are well above average cost compared to national prices. Single-family detached homes are the single most common housing type in Smyrna, accounting for 59.65% of the town's housing units. Other types of housing that are prevalent in Smyrna include large apartment complexes or high rise apartments ( 24.12%), row houses and other attached homes ( 7.68%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.39%). The most prevalent building size and type in Smyrna are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 56.14% owning and 43.86% renting. Smyrna homes and real estate are some of the newest in America. 51.25% of Smyrna's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Smyrna real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 37.71%), and between 1940-1969 ( 10.18%). SMYRNA HOME APPRECIATION RATES 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 146.46% over the last ten years, which is an average annual home appreciation rate of 9.44%, 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. Over the last year, Smyrna appreciation rates have trailed the rest of the nation. In the last twelve months, Smyrna's appreciation rate has been 5.92%, which is lower than appreciation rates in most communities in America. In the latest quarter, 蘑菇视频's data show that house appreciation rates in Smyrna were at 1.25%, which equates to an annual appreciation rate of 5.08%. Relative to Tennessee, our data show that Smyrna's latest annual appreciation rate is lower than 70% of the other cities and towns in Tennessee. One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Smyrna differ in their investment potential, sometimes by a great deal. Fortunately, you can use 蘑菇视频 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.