Smith County, Texas Housing Market
In Smith County, Texas, the median home value is $240,700, with a median monthly rent of $1,238. This places Smith County at #972 nationally out of 3134 counties by median home value, and #53 within Texas.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,125
- Establishments: 6,711
- BLS QCEW, 2025
Housing Supply
- Single-family: 517
- Multi-family: 26
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 93,418 (avg $84,710)
- Outflow: 88,554 (avg $84,203)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 7 active ZIP codes in Smith County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 75704 | 297.1 | +6.01% | 2025 |
| 2 | 75707 | 245.3 | -4.09% | 2025 |
| 3 | 75701 | 291.6 | +4.05% | 2025 |
| 4 | 75762 | 263.4 | +2.99% | 2025 |
| 5 | 75771 | 275.6 | -1.29% | 2025 |
| 6 | 75791 | 281.8 | -0.11% | 2025 |
| 7 | 75703 | 248.0 | +0.97% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Smith County Compares
| Metric | Smith County | Texas Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $240,700 | $186,278 | $227,706 |
| Median Gross Rent | $1,238 | $997 | $968 |
| Owner Occupancy Rate | 68.8% | 73.2% | 73.3% |
| Price/Rent Ratio | 16.2 | 15.2 | 18.7 |
Market Analysis
The median home value in Smith County is 29.2% above the Texas state average and 5.7% above the U.S. national average. The median rent of $1,238/month is 24.2% above the state average.
With a price-to-rent ratio of 16.2, the buy-vs-rent decision in Smith County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Smith County has an owner-occupancy rate of 68.8%, compared to 73.2% in Texas and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Butts County | Georgia | $240,600 | $941 |
| Tipton County | Tennessee | $240,600 | $1,013 |
| Morgan County | West Virginia | $240,600 | $794 |
| Bayfield County | Wisconsin | $240,800 | $812 |
| Catoosa County | Georgia | $240,900 | $993 |
Other Counties in Texas
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Caldwell County | $240,500 | $1,173 | 75.3% |
| Bell County | $241,000 | $1,224 | 56.5% |
| Cooke County | $240,400 | $1,047 | 71.8% |
| Rains County | $241,100 | $989 | 82.6% |
| Hunt County | $241,700 | $1,222 | 71.3% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).