The typical owner-occupied home in Smyrna is worth about $291,400, 17% below the Delaware median of $352,000 and 12% below the national median of $332,700. Owners pay a median $1,353 a year in property taxes, about 0.46% of their home's value, lower than the Delaware rate of 0.50%. The median household earns $67,048 a year, so the median home costs 4.3 times the median income (4.1 times for Delaware). 76% of occupied homes here are lived in by their owners, and 82% of those owners still have a mortgage.
Smyrna at a glance
| Smyrna | Delaware | U.S. | |
|---|---|---|---|
| Median home value | $291,400 | $352,000 | $332,700 |
| Median property tax paid per year | $1,353 | $1,768 | $3,119 |
| Property tax as a share of value | 0.46% | 0.50% | 0.94% |
| Median household income | $67,048 | $84,954 | $80,734 |
| Homes lived in by their owners | 76% | 73% | 65% |
| Owner homes with a mortgage | 82% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,719 | $1,816 | $1,963 |
| Those costs as a share of the owners' income | 26.2% | 20.0% | 21.0% |
| Median rent | $1,534 | $1,401 | $1,413 |
| Rent as a share of renters' income | 29.4% | 29.9% | 30.6% |
| Median year homes were built | 2001 | 1987 | 1980 |
| Vacant homes | 7.1% | 13.4% | 10.1% |
| Population | 13,165 | 1,021,191 | 334,922,499 |
What a typical home costs per month in Smyrna
At this week's average 30-year rate of 7.11%, buying the median Smyrna home of $291,400 with 20% down costs about $1,801 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,287, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $77,200 for the 20%-down payment. That payment is 32% of the median Smyrna household income of $67,048; at that income and 20% down, the 28% guideline points to a home of about $253,000.
The median rent here is $1,534 a month, so owning the median home costs about $267 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $58,280 |
|---|---|
| Loan amount | $233,120 |
| Principal and interest | $1,568 |
| Property taxes (0.46% a year) | $112 |
| Homeowners insurance (our estimate, 0.5% a year) | $121 |
| PMI | $0 |
| Total per month | $1,801 |
Change the numbers in the calculator
| Down payment | $10,199 |
|---|---|
| Loan amount | $286,122 |
| Principal and interest | $1,925 |
| Property taxes (0.46% a year) | $112 |
| Homeowners insurance (our estimate, 0.5% a year) | $121 |
| FHA mortgage insurance | $129 |
| Total per month | $2,287 |
Change the numbers in the calculator
Questions about home buying in Smyrna
What is the median home value in Smyrna?
About $291,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Smyrna?
Homeowners pay a median $1,353 a year, which is about 0.46% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Smyrna?
For the median home with 20% down at 7.11%, the payment is about $1,801 a month. Keeping that under 28% of gross income takes about $77,200 a year.
More about Smyrna
- Mortgage Refinance in Smyrna
- Debt Relief in Smyrna
- Home Equity Loans in Smyrna
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data