Smith County, TN Average Home Price (2026)
The average home price in Smith County, Tennessee is about $303,000 (the 2026 median across 9 ZIP codes, at ~$240/sq ft) — 13% more expensive than the Tennessee median and 5% more expensive than the typical U.S. home.
How Smith County compares
Smith County is about average for housing nationally: its typical home costs $303,000 against $267,000 for Tennessee and $289,000 for the U.S. Within the county, ZIP-level values run from about $253,000 to $435,000.
| Area | Typical value | $ / sq ft |
|---|---|---|
| Smith County | $303,000 | $240 |
| Tennessee | $267,000 | $213 |
| United States | $289,000 | $193 |
Smith County home prices by ZIP code
The 9 most valuable ZIP codes in Smith County (of 9 with data):
| ZIP code | Typical value | $ / sq ft | vs county |
|---|---|---|---|
| 38569 Lancaster | $435,000 | $339 | +44% |
| 38547 Carthage | $338,000 | $229 | +12% |
| 38567 Hickman | $316,000 | $301 | +4% |
| 38563 Gordonsville | $312,000 | $240 | +3% |
| 37151 Riddleton | $303,000 | $273 | +0% |
| 38560 Elmwood | $297,000 | $416 | -2% |
| 37030 Carthage | $278,000 | $178 | -8% |
| 38552 Chestnut Mound | $270,000 | $186 | -11% |
| 37145 Pleasant Shade | $253,000 | $206 | -17% |
Home value appreciation in Smith County
Home prices in Smith County have risen about 148% over the last 10 years (≈9.5% a year) and +168.7% over 20 years, according to the FHFA house price index through 2025. The most recent year came in at +6.1% — still rising. A home worth $303,000 today was worth roughly $122,375 ten years ago.
See where that trend takes a specific home with the home appreciation calculator — statewide, Tennessee is +113.5% over the same 10 years. Past appreciation is a track record, not a forecast; local prices can fall.
Calculators for Smith County
Run the numbers for Smith County with the local rates already filled in — change any input to test your own situation.
Salary needed to buy a home in Smith County
To buy the typical $303,000 home in Smith County with 20% down, you need a household income of roughly $82,000 a year (about $1,920 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $98,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $15,200 | $2,390/mo | $102,000/yr |
| 10% (+PMI) | $30,300 | $2,290/mo | $98,000/yr |
| 20% | $60,600 | $1,920/mo | $82,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in Smith County
At about $240 per square foot, here is roughly how much home different budgets get you in Smith County:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 630 sq ft | below the local median — condos, smaller or older homes |
| $200k | 830 sq ft | below the local median — condos, smaller or older homes |
| $250k | 1040 sq ft | around the typical home here |
| $300k | 1250 sq ft | around the typical home here |
| $400k | 1670 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens filtered to Tennessee.
Estimate a specific home in Smith County
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Smith County home prices: frequently asked
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Browse all Tennessee cities and counties, or look up price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research; FHFA house price index; Census ZIP-to-county relationships), not appraisals.