Zip Code:

37167, Smyrna, TN

37167 is a Tennessee Zip code within the city of Smyrna and the county of Rutherford County. Its population is roughly 59,514.

The Real Estate Market in the 37167 Zip Code of Smyrna, Tennessee

The 37167 zip code of Smyrna, TN is located in Williamson County and has a population of about 34,000. Home prices in this zip code have increased significantly over the past few years, reaching an average price of $169,000 as of September 2017. This increase in home prices is likely due to several factors, including an influx of new residents and an increase in demand for housing due to the growing economy.

Home equity is a key factor in home prices. Homeowners who have more equity in their homes are more likely to be able to sell them at a higher price than homeowners who have less equity. In the 37167 zip code, homeowners with a home equity value of $100,000 or more are almost three times as likely to be able to sell their homes for at least the asking price as homeowners with a home equity value of less than $25,000.

Another important factor affecting home prices is the availability of inventory. When there is too much inventory available for sale, it drives down prices because there are more competing buyers vying for limited housing options. In the 37167 zip code, there was an increase in inventory over the past few years but this has since normalized and now there is slightly too much inventory available for sale (according to Zillow). This may lead to further decreases in home prices over time if it continues to be difficult for buyers to find affordable homes.

Price Index: Nashville-Davidson--Murfreesboro--Franklin, TN

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