Smith County, TN real estate

Market data, tax and rent figures from the 2024 Census survey.

Median home value

$243,800Median home value · Census

Property tax rate

0.47%Below state avg 0.50%Median bill $1,136/yr · Census

Median rent

$9222-bed $925Per month · Census

30-yr mortgage rate

7.24%Freddie Mac weekly average

What the numbers say

Smith County, TN real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

Homeowners in Smith County pay a median of $1,136 a year in property taxes on a median home value of $243,800, an effective rate of about 0.47%. The Tennessee average is 0.50%, which makes Smith County the #46 lowest-tax of 95 counties in the state with published tax data.

Renters pay a median of $922 a month, and $925 for a two-bedroom. At today's prices a typical home costs about 22 times a year's rent, which generally favors renting over buying in the short term.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $244,000 home here comes to about $1,525 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $65,000 a year (the median household here earns $66,293).

Monthly payment on a typical home

$1,525/mo
  • Principal & interest$1,329
  • Property tax$95
  • Insurance (est.)$102

$244,000 home · 20% down · 7.24% 30-year fixed

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Rents in Smith County by bedrooms

1 bedroom$43160% below state
2 bedrooms$92519% below state
3 bedrooms$1,02922% below state
4 bedrooms$1,00637% below state

Median gross rent (rent plus utilities), US Census American Community Survey 2024 5-year estimates.

Selling here?See what you'd walk away with after commissions and closing costs.Seller net sheet → Buying here?Monthly payment with Smith County's real property tax rate.Mortgage calculator → Agent here?Find out how many listing appointments you need to hit your income goal.Agent income calculator →

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Sources: Realtor.com housing inventory (monthly) and Freddie Mac Primary Mortgage Market Survey (weekly), via FRED, Federal Reserve Bank of St. Louis; US Census Bureau American Community Survey 5-year estimates (property taxes, home values, rents, income). Insurance is an estimate. Medians for the whole county; individual homes vary. For information only.