Smyth County, Virginia home prices
Typical home $163,239 · +4.5% in a year · property tax 0.58%
The typical home in Smyth County is worth $163,239, 60% less than the Virginia typical home ($412,252). Values changed +4.5% in the past year and +31.0% over five years. Homeowners here pay a median 0.58% of their home's value in property tax each year ($941 on the typical home), versus 0.71% statewide.
Mortgage on the typical Smyth County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $32,648 | $130,591 | $878 | $0 | $160 | $1,039 | $44,500 |
| 10% down | $16,324 | $146,915 | $988 | $61 | $160 | $1,210 | $51,800 |
| 5% down | $8,162 | $155,077 | $1,043 | $65 | $160 | $1,268 | $54,300 |
| 3.5% down (FHA) | $5,713 | $160,282 | $1,078 | $72 | $160 | $1,310 | $56,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.58% 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 Virginia.
Virginia counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Greensville County | $163,665 | +2.2% | 0.54% |
| Scott County | $168,070 | +3.5% | 0.62% |
| Brunswick County | $152,538 | +6.0% | 0.57% |
| Emporia City | $151,757 | +6.1% | 0.79% |
| Halifax County | $151,216 | +9.6% | 0.46% |
| Bristol City | $177,856 | -3.0% | 0.75% |
| Galax City | $180,866 | +7.0% | 0.76% |
| Bland County | $181,272 | +8.9% | 0.56% |
| Tazewell County | $144,973 | +3.6% | 0.62% |
| Lunenburg County | $143,388 | -1.3% | 0.39% |
Frequently asked questions
What is the average home price in Smyth County, VA?
The typical home value in Smyth County is $163,239 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Smyth County?
About $44,500 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Smyth County?
The median effective rate is 0.58% of home value a year (Census ACS 2024 5-year estimates).