Smyrna, DE—19977
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Smyrna, DE
As of Oct '25, the median home price in Smyrna, DE is $388,000, with a year-over-year change of 2.0%. This indicates that home prices in Smyrna, DE are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $388,000 | 2.0% |
| Single Family | $389,000 | 2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $352,000 | 2.3% |
3 Bed | $346,000 | 2.1% |
4 Bed | $461,000 | 2.0% |
| 5 Bed | $510,000 | 1.2% |
% of Housing Stock
Rental Trends — Smyrna, DE
As of July '25, Rentcast reports the average rent in Smyrna, DE is $2,080, with a year-over-year rent change of 4.0%. Per bedroom, the median rent as of July '25 in Smyrna, DE is 1-bedrooms: $1,170, 2-bedrooms: $1,220, 3-bedrooms: $2,070, 4-bedrooms: $3,450. The most common rental property sizes in Smyrna, DE are 2-bedroom and 3-bedroom, accounting for 49.7% and 31.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,080 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,000 | $1,170 |
| 2 Bed Rent | $1,200 | $1,220 |
| 3 Bed Rent | $2,200 | $2,070 |
| 4 Bed Rent | $3,400 | $3,450 |
% of Rental Stock
Property Listings — Smyrna, DE
As of Oct '25, Realtor.com reports that the median days on market for a home in Smyrna, DE is 49. This is a increase of 4.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $480,000 | -3.0% |
Listing Count | 154 | 2.0% |
| Listings as % of Homes | 1.2% | 2.0% |
Days on Market | 49 | 4.0% |
Demographics — Smyrna, DE
As of the latest ACS Survey released in 2023, Smyrna, DE has a population of 27,200, which has increased by 6.2% over the past 5 years. Smyrna, DE is a moderately popular place for families, as children make up 22.4% of the population. The area has a poorly educated workforce, with 23.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,200 | 6.2% |
% Under 18 | 22.4% | 7.2% |
% Seniors | 17.3% | 10.2% |
% WFH | 9.0% | 221.4% |
% w/ College Degree | 23.0% | 0.9% |
As of the latest ACS Survey released in 2023, Smyrna, DE is a predominantly white area, with 56.0% of the population identifying as white. The white population has shrunk by 12.6% in the last 5 years. The second most common race or ethnicity in Smyrna, DE is black, making up 30.1% of the population. Foreign-born residents account for 6.8% of the population in Smyrna, DE, and this percentage has increased by 38.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 56.0% | -12.6% |
% Black | 30.1% | 13.6% |
% Hispanic | 7.9% | 33.9% |
% Asian | 2.3% | 228.6% |
% Foreign Born | 6.8% | 38.8% |
Mortgage and Risk — Smyrna, DE
According to HUD data as of 2023, there were 851 mortgage originations in Smyrna, DE, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Smyrna, DE. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 851 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Smyrna, DE
As of 2024, the percent of homes in Smyrna, DE under the Section 8 program is 10.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Smyrna, DE, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 175 |
Total Units Section 8 | 158 |
% Rentals under Section 8 | 10.2% |
% Occupied Section 8 | 57.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $310 | $1,000 | $1,310 |
| 2 Bedroom | $440 | $1,200 | $1,640 |
| 3 Bedroom | $30 | $2,200 | $2,230 |
| 4 Bedroom | -$940 | $3,400 | $2,460 |
Affordability — Smyrna, DE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $388,000 |
| Median Household Income | $78,800 |