Average Home Sizes and Asking Prices
Updated On: May 27, 2015
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Homes for Sale in Smyrna
Smyrna Real Estate ∓ Homes for Sale in Tennessee
The delightful and historic town of Smyrna is located in Rutherford County, a mere 15 miles southeast of Nashville. Primarily a bedroom community, the town is home to many people who commute to work in the country music capital of the world. Far from being a typical suburb, Smyrna is fascinating and unique in its own right. From railroad town to military base to home of the largest automobile manufacturing plant under one roof, this resilient city has weathered both burgeoning growth and adversity to make its story a successful one.
Nearly 30,000 residents enjoy Smyrna's diverse way of life, outstanding quality of living, strong economy and affordable modern housing. The Rutherford County School District serves more than 27,000 students within the cities of Murfreesboro, Smyrna, LaVergne and Eagleville. The student-teacher ratio is approximately 25:1.
The closure of Stewart Air Force Base - a major local employer until the late 1960s - could have had severe, permanent economic repercussions for Smyrna and its inhabitants. Instead, the 2,400-acre property was converted to private industrial use and attracted such corporate giants as Better Built Aluminum, Cumberland Swan and Square D. In the 1980s, Nissan built a plant on 800 acres in Smyrna, thereby becoming the first Japanese automobile manufacturer to set up shop in the U.S. The plant now employs more than 6,000 workers. Needless to say, the foresight of community leaders and the arrival of the automotive industry have positioned Smyrna for continued economic growth into the new millennium.
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Smyrna, TN Real Estate Market & Home Prices
Smyrna is experiencing a tremendous amount of growth in real estate. Beautiful single-family homes in great neighborhoods surrounded by lush parks and quality schools are popping up all over the town. Quaint 2 -3 bedroom homes in Smyrna built with red brick on large lots are priced from under $100,000 in neighborhoods such as Highland Park, Cayla Village, Hickory Trace and Sam Davis Meadows. If you are looking for a starter home the Smyrna areas of Valley of the Spring and Forest Crossing Village, are characterized by well-made homes at move-in prices. Elegant brick homes with numerous modern amenities range from $150,000 to $750,000 in exclusive enclaves such as Del Thomas Farm, The Oaks, Jefferson Square, Arlington and Cedar Forest.
Condominiums and townhouses are available in Smyrna and are generally priced in the $100,000 range. Many townhomes for sale in Smyrna include spacious living arrangements with large master bedrooms. Land and lots are abundantly available for custom building and farm/ranch properties can also be found.
Smyrna Real Estate Stats and Trends for the week of May 25th, 2015: homes priced around $181,753 compared to $184,005 the previous week, showing a decrease of less than -1%. For Wednesday, May 27th, the current national mortgage rate for a 30 year fixed mortgage is 3.90%; the 15 year fixed rate is at 3.06%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.27%, while the 15 year jumbo rate currently is at 3.82%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Smyrna TN. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Smyrna to help you find the best home!