Smithville, TX—78957
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Smithville, TX
As of Oct '25, the median home price in Smithville, TX is $340,000, with a year-over-year change of -1.9%. This indicates that home prices in Smithville, TX are decreasing. According to Zillow, the 1-year price projection is -1.9%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $340,000 | -1.9% |
| Single Family | $340,000 | -1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $267,000 | -3.3% |
3 Bed | $326,000 | -1.8% |
4 Bed | $457,000 | 0.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Smithville, TX
As of July '25, Rentcast reports the average rent in Smithville, TX is $1,900, with a year-over-year rent change of 14.5%. Per bedroom, the median rent as of July '25 in Smithville, TX is 1-bedrooms: $1,020, 2-bedrooms: $1,710, 3-bedrooms: $2,100, 4-bedrooms: $2,280. The most common rental property sizes in Smithville, TX are 3-bedroom and 2-bedroom, accounting for 37.5% and 35.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,900 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $800 | $1,020 |
| 2 Bed Rent | $1,500 | $1,710 |
| 3 Bed Rent | $2,300 | $2,100 |
| 4 Bed Rent | $2,300 | $2,280 |
% of Rental Stock
Property Listings — Smithville, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Smithville, TX is 121. This is a increase of 11.0% 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 | $369,000 | 8.0% |
Listing Count | 96 | 68.0% |
| Listings as % of Homes | 1.0% | 68.0% |
Days on Market | 121 | 11.0% |
Demographics — Smithville, TX
As of the latest ACS Survey released in 2023, Smithville, TX has a population of 10,300, which has increased by 6.0% over the past 5 years. Smithville, TX is a moderately popular place for families, as children make up 23.2% of the population. The area has a poorly educated workforce, with 23.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,300 | 6.0% |
% Under 18 | 23.2% | 5.5% |
% Seniors | 18.8% | -5.5% |
% WFH | 12.9% | 248.6% |
% w/ College Degree | 23.6% | -2.1% |
As of the latest ACS Survey released in 2023, Smithville, TX is a predominantly white area, with 65.3% of the population identifying as white. The white population has shrunk by 5.4% in the last 5 years. The second most common race or ethnicity in Smithville, TX is hispanic, making up 20.8% of the population. Foreign-born residents account for 8.2% of the population in Smithville, TX, and this percentage has increased by 192.9% 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 | 65.3% | -5.4% |
% Black | 8.1% | -33.1% |
% Hispanic | 20.8% | 33.3% |
% Asian | 0.7% | -46.2% |
% Foreign Born | 8.2% | 192.9% |
Mortgage and Risk — Smithville, TX
According to HUD data as of 2023, there were 183 mortgage originations in Smithville, TX, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Smithville, TX. Investor activity is low, as 4.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 183 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 4.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Smithville, TX
As of 2024, the percent of homes in Smithville, TX under the Section 8 program is 8.5%. 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 Smithville, TX, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 173 |
Total Units Section 8 | 88 |
% Rentals under Section 8 | 8.5% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $680 | $800 | $1,480 |
| 2 Bedroom | $240 | $1,500 | $1,740 |
| 3 Bedroom | -$70 | $2,300 | $2,230 |
| 4 Bedroom | $260 | $2,300 | $2,560 |
Affordability — Smithville, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $340,000 |
| Median Household Income | $62,800 |