The housing market in Smyth, VA County is very strong. According to recent data, the median value of homes in Smyth, VA County is $132,200 while the US median value is $338,100. This shows that real estate prices are well below the national average in this area. In addition, the 1 year house appreciation rate for Smyth, VA County was 12.84%, much higher than the 8.27% rate seen for houses in the United States as a whole. Clearly, this area offers great opportunities for people looking to invest in real estate and benefit from home appreciation rates that are higher than average.
The median home cost in Smyth County is $132,200. Home appreciation the last 10 years has been 57.2%. Home Appreciation in Smyth County is up 16.2%.
Average Age of Homes
- The median age of Smyth County real estate is 43 years old
The Rental Market in Smyth County
- Renters make up 25.4% of the Smyth County population
- 1.3% of houses and apartments in Smyth County, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.