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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Smyrna, DE Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Smyrna, DE Housing Market Trends

With 13,294 people, 4,759 houses or apartments, and a median cost of homes of $357,316, Smyrna real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Smyrna, accounting for 47.59% of the town's housing units. Other types of housing that are prevalent in Smyrna include row houses and other attached homes ( 30.08%), large apartment complexes or high rise apartments ( 12.15%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.53%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Smyrna. Owner-occupied housing accounts for 67.11% of Smyrna's homes, and 73.77% have either three or four bedrooms, which is average sized relative to America.

Smyrna homes and real estate are some of the newest in America. 47.92% of Smyrna's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Smyrna real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 26.30%), and between 1940-1969 ( 16.01%). There's also some housing in Smyrna built before 1939 ( 9.77%).

Smyrna Home Appreciation Rates

Smyrna's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Smyrna during the period has been just 5.20%, which is lower than 70% of US communities.

Over the last year, Smyrna appreciation rates have trailed the rest of the nation. In the last twelve months, Smyrna's appreciation rate has been 2.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Smyrna were at 1.71%, which equates to an annual appreciation rate of 7.01%.

Relative to Delaware, our data show that Smyrna's latest annual appreciation rate is lower than 70% of the other cities and towns in Delaware.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Smyrna differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Smyrna - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Smyrna real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$357,316

Smyrna, DE Home Prices
> $1,232,000
$924,001 - $1,232,000
$616,001 - $924,000
$493,001 - $616,000
$370,001 - $493,000
$246,001 - $370,000
$123,001 - $246,000
$61,001 - $123,000
$0 - $61,000
0.4%
0.4%
0.0%
0.0%
0.6%
0.6%
8.3%
8.3%
28.6%
28.6%
35.8%
35.8%
17.6%
17.6%
2.7%
2.7%
5.9%
5.9%
0% 100.0%
% of Homes
Average

for Delaware

High

for nation

Number of Homes And Apartments:

4,759

Smyrna Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,093 / per month

Homeownership Rate

Owners
Renters
67.1%
67.1%
32.9%
32.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.3%
6.3%
93.7%
93.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
47.9%
47.9%
26.3%
26.3%
16.0%
16.0%
9.8%
9.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
47.6%
47.6%
30.1%
30.1%
8.5%
8.5%
12.1%
12.1%
1.7%
1.7%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
8.1%
8.1%
17.2%
17.2%
59.9%
59.9%
13.9%
13.9%
0.9%
0.9%
0% 100.0%
% of Homes