Smith County, Tennessee home prices
Typical home $307,229 · +4.7% in a year · property tax 0.47%
The typical home in Smith County is worth $307,229, 7% less than the Tennessee typical home ($330,844). Values changed +4.7% in the past year and +17.6% over five years. Homeowners here pay a median 0.47% of their home's value in property tax each year ($1,432 on the typical home), versus 0.46% statewide.
Mortgage on the typical Smith County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $61,446 | $245,783 | $1,653 | $0 | $273 | $1,926 | $82,600 |
| 10% down | $30,723 | $276,506 | $1,860 | $115 | $273 | $2,248 | $96,400 |
| 5% down | $15,361 | $291,867 | $1,963 | $122 | $273 | $2,358 | $101,100 |
| 3.5% down (FHA) | $10,753 | $301,664 | $2,029 | $136 | $273 | $2,438 | $104,500 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.47% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Tennessee · part of the Nashville metro area.
Tennessee counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Coffee County | $308,088 | +1.6% | 0.57% |
| Cumberland County | $306,289 | +0.8% | 0.29% |
| Washington County | $305,353 | +1.9% | 0.52% |
| Putnam County | $312,125 | +1.2% | 0.48% |
| Anderson County | $313,013 | +3.0% | 0.54% |
| Bradley County | $313,180 | +1.4% | 0.45% |
| Meigs County | $299,889 | +6.0% | 0.39% |
| Franklin County | $315,281 | +2.5% | 0.53% |
| Dekalb County | $298,340 | +2.1% | 0.35% |
| Roane County | $296,784 | +4.5% | 0.53% |
Frequently asked questions
What is the average home price in Smith County, TN?
The typical home value in Smith County is $307,229 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Smith County?
About $82,600 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Smith County?
The median effective rate is 0.47% of home value a year (Census ACS 2024 5-year estimates).