Smith County, Texas Housing Market Prices
Smith County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 28% below the Texas median$185,885
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Median rent 12% below the Texas median More expensive than 86% of counties in Texas$1,238
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Smith County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $185,885 | $258,873 | $248,835 |
| Price Trend (Annual %) | 4.8% | 9.2% | 7.5% |
| Median Gross Rent | $1,238 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 4.9% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Smith County is about 28% lower than in Texas. Rent is about 12% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Smith County, up about 4.8% and 4.9% a year respectively. Rent is changing faster.
Median rent in Smith County rose about 47.4% between 2015 and 2024, from $839 to $1,238. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Smith County.
Buying the median-priced home in Smith County costs roughly 12.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Smith County. The price-to-rent ratio in Texas is about 15.4.
| Metric | Smith County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $185,885 | $258,873 | $248,835 |
| Median Household Income | $74,135 | $78,939 | $80,455 |
| Price-to-Income Ratio | 2.5 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Smith County rose about 36.9%, while median household income rose about 56.1% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Smith County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.4% | 56.7% | 58.5% |
| Rental Rate | 26.0% | 33.9% | 31.2% |
| Vacancy Rate | 16.6% | 9.4% | 10.2% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Smith County has a homeownership rate of 57.4%, higher than the Texas average of 56.7%. Its housing vacancy rate is 16.6%, compared with 9.4% in Texas.
Housing Stock
| Metric | Smith County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.83 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1984 | 1990 | 1978 |
| Median Number of Rooms | 5.4 | 5.4 | 5.5 |
The typical housing unit in Smith County was built around 1984. On average, 2.8 people live in a home with about 5.4 rooms, staying for about 14.0 years on average.
Smith County, TX Housing Compared With Nearby Counties
Smith County, TX is the largest of the 5 counties compared here, 241,737 residents against a local median of 52,364. Where Smith County, TX breaks from the counties next to it is median rent, sitting 27% above the local median of $974 at $1,238.
The counties themselves spread $240 on median rent, so Smith County, TX sits at one end of an already wide local range rather than apart from it. Smith County, TX has the highest median rent of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Smith County, TX | 241,737 | $185,885 #3/5 | $1,238 #1/5 | 68.8% #4/5 |
| Wood County, TX | 46,961 | $282,777 | $862 | 80.1% |
| Gregg County, TX | 125,481 | $219,385 | $1,101 | 60.3% |
| Cherokee County, TX | 51,885 | $164,216 | $933 | 74.0% |
| Rusk County, TX | 52,842 | $59,204 | $1,015 | 78.8% |
Frequently Asked Questions
Common questions about the housing market in Smith County, Texas.
What is the median home price in Smith County, Texas?
The median home price in Smith County, Texas is $185,885, lower than the Texas average of $258,873.
What is the average home price in Smith County, Texas?
The typical home price in Smith County, Texas, reported as the median sale price, is $185,885. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Smith County, Texas?
The median gross rent in Smith County, Texas is $1,238 per month, lower than the Texas average of $1,402.
What was the median gross rent in Smith County in 2020?
In 2020, the median gross rent in Smith County, Texas was $954 per month.
What is the price-to-rent ratio in Smith County, Texas?
The price-to-rent ratio in Smith County, Texas is about 12.5, meaning it would take roughly 12.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Smith County.
Are home prices or rent rising faster in Smith County, Texas?
Both home prices and rent are rising in Smith County, up about 4.8% and 4.9% a year respectively. Rent is changing faster.
What is the homeownership rate in Smith County, Texas?
57.4% of households in Smith County, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Smith County, Texas?
The housing vacancy rate in Smith County, Texas is 16.6%, higher than the Texas average of 9.4%.
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