Smyrna, Tennessee, is a lively city just 30 minutes south of Nashville. With such close proximity to Music City and some incredible attractions all its own, it’s no wonder that Smyrna is such an up-and-coming destination! If you’re reading this article, you’re probably in the midst of one out of two scenarios: you’re either considering buying a home in Smyrna, or you already live in the city and might sell a house in the near future. If you’re wondering if it’s a good idea to buy or sell a house in Smyrna, Tennessee, we hope this guide helps you make the most well-informed decision possible!
How’s the Housing Market?
According to Zillow, the average home value in Smyrna stands at $271,174 as of February 2021, which marks an 8.2% increase from this time last year. To put that in perspective, the average home value in Tennessee as a whole is $207,727, and in Nashville, the figure stands at $316,078. So, while Smyrna might have a higher housing cost than the average in the Volunteer State, it could be a great option for those looking to be close to Nashville without encountering the exorbitant housing prices of the city. For those who already have a home in Smyrna, properties are selling quite quickly as Nashville becomes more and more of a desired destination.
How’s the Job Market?
One thing’s for sure: Smyrna has a thriving job market. BestPlaces states that Smyrna’s unemployment rate currently sits at 3.3%, just below the U.S. average of 3.7%. What’s more, the city is expected to see job growth over the next decade at a whopping 55.9%, which is much higher than the national average of 33.5%. The sales tax rate here is a bit more than the national average (9.8% compared to 7.3%), but the huge benefit here is that there is no income tax in Tennessee. All in all, Smyrna is a destination where new homebuyers shouldn’t have to worry too much about finding work.
What is There to Do?
If you’re considering a move to Smyrna, you might be wondering about the local attractions. Even if you want to sell a home in Smyrna, you’ll want to know the most popular activities so that you can promote them in your home listing! History buffs truly feel at home in Smyrna with destinations like the Stones River National Battlefield and the Historic Sam Davis Home and Plantation. Residents can also get outside thanks to convenient green spaces like Gregory Mill Park, Sharp Springs Park, and Lee Victory Recreation Park. And, of course, the close proximity to Nashville is an appealing prospect for many!
Whether you’re thinking about moving to Smyrna, Tennessee, or selling your home and moving away, there’s no doubt that this is certainly an attractive city for many. If you’re wondering whether it’s a good idea to buy or sell a house in Smyrna, Tennessee, we’d answer with a resounding “Yes!” either way! We hope this guide has given you a bit of perspective on this exciting Nashville suburb!