Housing in Smith

A typical Smith home is worth roughly $121,000

#46Cheapest rent in IN All IN rankings →

Typical home value

$121K

IN $260K

Estimate

2-bedroom rent

$960

a month, utilities in · HUD

Median tax bill

$640

IN $1,614

What kind of housing town is Smith?

Read from the numbers below. The page puts what stands out first.

Your money goes further54% below the Indiana typical home.Rent is cheap#46 in IN for the cheapest rent.Older homesThe typical home was built around 1948.A town of owners89% of households own their home.

★ What stands out · Affordability

A typical home costs 1.8 years of income

Less than across Indiana (3.6 years). Try your own numbers below.

You could afford about

$275,000

Typical Smith home $121K

That covers a typical Smith home, with $154K to spare.

The typical home, each month

$690

Loan $600Tax $50Insurance $40

A two-bedroom rents for about $960 a month here, $270 more than owning.

Where your budget reaches nearby

Montgomery$192K Armstrong$259K Center$284K Robb$122K Robinson$267K Johnson$282K

How Smith ranks on affordability →

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Smith’s typical property tax (0.53% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $960

Renters already here pay a median of $775, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$730

1 bedroom$740

2 bedrooms$960

3 bedrooms$1,180

4 bedrooms$1,330

11%

of households rent · IN 29%

renter households

$775

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Evansville, IN MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

The homes

89% of Smith households own their home

Half of Smith’s homes were built before 1948.

Owners and renters

Own 89%Rent 11%

Indiana: 71% own.

1948

typical home built · IN 1976

$640

median property tax bill · IN $1,614

0.53%

of a home’s value, a year in tax · IN 0.74%

of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Next door

Smith vs. its neighbors

Smith is the least expensive of 7 neighboring towns. Tap one to see its housing page.

Center$284K Johnson$282K Robinson$267K Armstrong$259K Montgomery$192K Robb$122K Smith$121K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Smith	$121K*	—	$960	$66,667
Montgomery	$192K*	+7.5%†	$1,060	$68,000
Armstrong	$259K*	+0.8%†	$1,160	$85,714
Center	$284K*	+5.8%†	$1,010	$86,974
Robb	$122K*	—	$970	$59,150
Robinson	$267K*	+6.1%†	$1,030	$98,135
Johnson	$282K*	−5.6%†	$1,010	$95,673

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Smith buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Smith still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.