Smyrna, TN—37167
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Smyrna, TN
As of Oct '25, the median home price in Smyrna, TN is $401,000, with a year-over-year change of 0.1%. This indicates that home prices in Smyrna, TN are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $401,000 | 0.1% |
| Single Family | $400,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $292,000 | 0.0% |
3 Bed | $378,000 | 0.0% |
4 Bed | $500,000 | 0.0% |
| 5 Bed | $568,000 | 0.2% |
% of Housing Stock
Rental Trends — Smyrna, TN
As of July '25, Rentcast reports the average rent in Smyrna, TN is $2,150, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Smyrna, TN is studios: $2,250, 1-bedrooms: $1,310, 2-bedrooms: $1,720, 3-bedrooms: $2,210, 4-bedrooms: $2,530. The most common rental property sizes in Smyrna, TN are 2-bedroom and 3-bedroom, accounting for 44.4% and 30.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,210 | $2,150 |
| Studio Rent | $2,250 | $2,250 |
| 1 Bed Rent | $1,330 | $1,310 |
| 2 Bed Rent | $1,620 | $1,720 |
| 3 Bed Rent | $2,220 | $2,210 |
| 4 Bed Rent | $2,500 | $2,530 |
% of Rental Stock
Property Listings — Smyrna, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Smyrna, TN is 55. This is a increase of 38.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $450,000 | -7.0% |
Listing Count | 374 | 6.0% |
| Listings as % of Homes | 0.7% | 6.0% |
Days on Market | 55 | 38.0% |
Demographics — Smyrna, TN
As of the latest ACS Survey released in 2023, Smyrna, TN has a population of 63,700, which has increased by 7.8% over the past 5 years. Smyrna, TN is a popular place for families, as children make up 26.1% of the population. The area has a moderately educated workforce, with 28.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 63,700 | 7.8% |
% Under 18 | 26.1% | 4.8% |
% Seniors | 10.8% | 5.9% |
% WFH | 11.4% | 235.3% |
% w/ College Degree | 28.1% | 16.1% |
As of the latest ACS Survey released in 2023, Smyrna, TN is a predominantly white area, with 59.9% of the population identifying as white. The white population has shrunk by 16.0% in the last 5 years. The second most common race or ethnicity in Smyrna, TN is hispanic, making up 15.4% of the population. Foreign-born residents account for 15.6% of the population in Smyrna, TN, and this percentage has increased by 79.3% 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 | 59.9% | -16.0% |
% Black | 14.7% | 22.5% |
% Hispanic | 15.4% | 63.8% |
% Asian | 4.8% | 0.0% |
% Foreign Born | 15.6% | 79.3% |
Mortgage and Risk — Smyrna, TN
According to HUD data as of 2023, there were 1559 mortgage originations in Smyrna, TN, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Smyrna, TN. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,559 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Smyrna, TN
As of 2024, the percent of homes in Smyrna, TN under the Section 8 program is 5.7%. 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 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Smyrna, TN, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 497 |
Total Units Section 8 | 497 |
% Rentals under Section 8 | 5.7% |
% Occupied Section 8 | 94.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $1,330 | $1,510 |
| 2 Bedroom | $50 | $1,620 | $1,670 |
| 3 Bedroom | -$110 | $2,220 | $2,110 |
| 4 Bedroom | $100 | $2,500 | $2,600 |
Affordability — Smyrna, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $401,000 |
| Median Household Income | $79,700 |