37166, Smithville, TN

The 37166 zip code of Smithville, TN has a population of around 8,000 people. The median household income in this zip code is $48,000 which is lower than the national median household income of $53,046. The homeownership rate in this zip code is around 68% which is lower than the national homeownership rate of 69%. The percentage of homes that are valued at less than $100,000 is around 26% which is higher than the national percentage of 22%. The percentage of homes that are valued at more than $1 million is around 2% which is lower than the national percentage of 3%.

The average home value in this zip code is $119,500 which is higher than the national average home value of $117,500. The percentage of homes that are valued at less than $100,000 is around 25% which is higher than the national percentage of 22%. The percentage of homes that are valued at more than $1 million is around 1% which is lower than the national percentage of 3%.

There are a number factors that could be contributing to these differences in home values between Smithville and other areas across the country. Some possible reasons include:

- Smithville may be located in a desirable area with high demand for housing - this could lead to increased prices and more expensive homes overall

-The local economy may be stronger and support more jobs and incomes - this could lead to increased spending on items like housing and contribute to higher home values

- Smithville may have stricter lending criteria or fewer available options for buyers who want to purchase a home beyond their budget - this could lead to decreased availability and prices for cheaper homes near or below market value