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Smithville Flats

Learn about the people, housing, costs and businesses in Smithville Flats, New York

Median Home$169,346
Median Rent$748/month
Population303
Leading IndustriesTransportation · Finance & Insurance · Retail4% transportation
Home Value Growth⬆⬆⬆+42.6% over 2 years
Retirees24% of residentsslightly above average
Homeowners82% of occupied units
NotableAffordable Market$169k median home · lower cost than 65% of the country
Smithville Flats
NY

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Smithville Flats?

As of today, the 30-year fixed mortgage rate for Smithville Flats is approximately 6.930% (6.967% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Smithville Flats?

The median home value in Smithville Flats is $169k. The median monthly rent is $748. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Smithville Flats?

Home values in Smithville Flats have increased 42.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Smithville Flats?

Based on a typical all-in ownership cost of $965/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Smithville Flats is $75k/year.

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What industries drive the economy in Smithville Flats?

The largest employment sectors in Smithville Flats are public administration (25%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.