Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$163,239+4.5% YoY · prices are rising fast
Market right nowBalanced marketFewer homes for sale than last year, 25% have cut their price
Income needed to buy, per year$35,387About 0.6× the local median income ($56,075): affordable for a typical household
Days on market74 daysAbout the same pace as a year ago
The typical home in Smyth County, VA is worth $163,239, up 4.5% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $158,133, so the area is 3.2% overvalued. It is a balanced market: homes take about 74 days to sell, listings are down 4% from a year ago, 25% of listings have had a price cut. A household needs about $35,387 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $56,075. In the latest IRS figures, 179 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$163,239
Change in 1 year
+4.5%
Overvalued %
+3.2%
Show 6 more
Fair home value
$158,133
Change in 5 years
+31.0%
Home value to income
2.9×
Monthly mortgage payment (20% down)
$885
Income needed to afford it
$35,387
Property tax rate
0.58%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$943
Market activity
Listings vs a year ago
−4.2%
Days on market
74
Listings with a price cut
25.4%
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Homes for sale
91
Pending sales per 100 listings
21
Asking price per sq ft
$137
People and jobs
Median household income
$56,075
Population change (1 year)
−0.9%
Unemployment rate
3.0%
Show 4 more
Population
28,882
Income adjusted for cost of living
$63,433
Net moves in (IRS)
+179
Cost of living (US = 100)
88.4
Schools, risk and environment
School rating (1 to 10)
5.8
FEMA hazard risk score (0 to 100)
57.8
Flood risk score
61.9
Show 3 more
Wildfire risk score
31.3
Walkability (1 to 20)
5.1
Road, rail and air noise
53 dB
Questions people ask
Is Smyth County, VA overvalued?
Home prices in Smyth County, VA are slightly above what local incomes have historically supported: fair value is about $158,133, so the area is 3.2% overvalued.
Is Smyth County, VA a buyer's or seller's market?
Smyth County, VA is a balanced market: homes take about 74 days to sell, listings are down 4% from a year ago, 25% of listings have had a price cut.
Are home prices going down in Smyth County, VA?
Home values in Smyth County, VA are up 4.5% over the last year.
How much do you need to earn to buy a home in Smyth County, VA?
A household needs about $35,387 a year to afford the typical home in Smyth County, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $56,075.