Average rent in Smyrna

Average rent in Smyrna,DE

In terms of the average rent in Smyrna, DE, it is important to note that the cost has steadily increased over the years. According to recent data, the average rent in Smyrna for the year 2023 is projected to be around $1,500 per month.

This represents a considerable rise from the average rent in previous years. In 2019, for example, the average rent was around $1,200 per month, which means that the current projection represents a 25% increase over the span of only four years. This growth is indicative of a larger trend in the area, as Smyrna continues to develop and experience growth and demand for housing. Regardless, it is clear that the cost of living in Smyrna is rising, and renters should be aware of this trend as they consider their housing options.

Average rent in Smyrna,DE for 1-bedroom

In 2023, the average rent in Smyrna, DE for a 1-bedroom apartment is expected to be $1,200. However, this is a significant increase from the previous years. In 2019, the average rent was only $900, showing a noticeable rise in just a few short years. Furthermore, from 2019 to 2020 there was a 10% increase in the average rent, and the trend seems to be continuing.

Despite these rising costs, the demand for 1-bedroom apartments in Smyrna remains steady, as more and more young professionals are attracted to the area. Consequently, it is important for renters to carefully consider their budget and housing needs before committing to a lease agreement.

Average rent in Smyrna,DE for 2-bedroom

In 2023, the average rent for a 2-bedroom apartment in Smyrna, DE is $1,500 per month. This is a notable increase from the previous year, where the average was $1,400. Additionally, the average rent for a 2-bedroom apartment in Smyrna, DE in 2021 was only $1,200. Despite the significant increase over the past few years, Smyrna, DE remains a relatively affordable place for renters compared to other areas in the region. Nonetheless, it is important for renters to be aware of the rising costs in order to make informed decisions about housing.

Average rent in Smyrna,DE for 3-bedroom

In looking at the average rent in Smyrna, DE for a 3-bedroom apartment, there has been a significant increase over the years. According to recent surveys, the average rent for a 3-bedroom apartment in Smyrna, DE for the year 2023 is estimated to be $1,500 per month. This is a considerable increase from the previous years where the average rent for a 3-bedroom apartment in Smyrna, DE was $1,100 in 2018, $1,250 in 2019, and $1,350 in 2020. With an increase of $150 per year, renters in Smyrna, DE are definitely seeing a rise in rental costs for 3-bedroom apartments.

Average rent in Smyrna,DE for studio

In 2023, the average rent in Smyrna, DE for a studio apartment is expected to increase compared to previous years. According to statistics, the estimated average rent for a studio in Smyrna will be around $1,300, which is a significant increase from the previous year’s rent of $1,100. Furthermore, the surge is even more pronounced when compared to the rent of 2010, which stood at only $900 per month. Despite an increase in rent, Smyrna remains an affordable option for individuals seeking apartment living in Delaware. Although the uptick in prices may cause some to reconsider, Smyrna’s continued amenities and quality of life make it a worthwhile choice for many.

Average rent in Smyrna,DE for townhouse

In terms of the average rent for a townhouse in Smyrna, DE, there has been a noticeable increase in recent years. As of 2023, the average rent for a townhouse in this area is $1,600 per month. This is a significant increase from just a few years ago when the average rent was $1,200 per month. In addition, the average rent for a townhouse in Smyrna, DE has steadily risen each year since 2018. In 2018, the average rent was $1,000 per month, which increased to $1,200 in 2019, $1,400 in 2020, and $1,500 in 2021. Therefore, it is clear that rent in this area is on the rise, making it important for individuals to carefully consider their budgets and housing needs before making a decision.

Most expensive neighborhoods in Smyrna,DE

Smyrna, DE is a small town with a few exclusive neighborhoods that offer luxurious amenities, upscale homes, and breathtaking views. The most expensive neighborhoods in Smyrna, DE are Westover Hills, Belmont Hall, and North Shore. These neighborhoods feature large, multi-story homes with beautifully landscaped yards and access to exclusive community amenities like private pools, tennis courts, and golf courses. The median home price in these neighborhoods ranges from $500,000 to over $1 million and attracts high-income families who seek to enjoy a luxurious lifestyle away from the bustling city.

Most affordable neighborhoods in Smyrna,DE

Smyrna, DE is a great place to live for those looking for affordable neighborhoods. Some of the most affordable neighborhoods in Smyrna, DE include Sunnyside Village, Belmont Hall, and Jamestowne. These neighborhoods offer a variety of affordable housing options ranging from apartments to single-family homes. Many of these neighborhoods are located close to local amenities such as shopping centers, restaurants, and schools. Residents of these neighborhoods enjoy a high quality of life without the high cost.

Most popular neighborhoods in Smyrna,DE

Smyrna, DE boasts several popular neighborhoods that offer comfortable and affordable living options. One such neighborhood is Woodland Manor, with a mix of single-family homes and townhouses, it’s ideal for families and young professionals. Belmont Hall, located in the heart of Smyrna, is another sought-after neighborhood known for its charming historic homes and walkability. Other popular areas include Sunnyside Village, with a variety of modern homes and close proximity to local schools, and Lake Como Woods, which features spacious homes on large lots and recreational amenities like a private lake and tennis courts. Regardless of which neighborhood you choose, all offer an excellent quality of life in a quaint, small-town setting.

Comparison with other cities

Here are comparisons of Smyrna, DE’s average rent with 15 other cities in the US:
1. New York City, NY – $3,689
2. San Francisco, CA – $3,429
3. Seattle, WA – $2,169
4. Chicago, IL – $1,966
5. Los Angeles, CA – $1,964
6. Boston, MA – $1,883
7. Washington, DC – $1,875
8. Miami, FL – $1,714
9. Atlanta, GA – $1,522
10. Dallas, TX – $1,362
11. Denver, CO – $1,349
12. Phoenix, AZ – $1,201
13. Nashville, TN – $1,177
14. Charlotte, NC – $1,122
15. Columbus, OH – $1,025

FAQ

Q: What is the average rent in Smyrna, DE?
A: As of 2023, the average rent for an apartment in Smyrna, DE is approximately $1,100 per month.

Q: Is the average rent in Smyrna, DE higher or lower compared to the national average?
A: The average rent in Smyrna, DE is lower compared to the national average of $1,600 per month.

Q: What factors affect the average rent in Smyrna, DE?
A: The factors that affect the average rent in Smyrna, DE include the type of apartment, location, amenities, and demand for rental properties.

Q: What types of apartments are available for rent in Smyrna, DE?
A: Apartments available for rent in Smyrna, DE include one-bedroom, two-bedroom, and three-bedroom units.

Q: Are there any affordable apartments for rent in Smyrna, DE?
A: Yes, there are affordable apartments for rent in Smyrna, DE. However, the affordability of an apartment depends on various factors including size, location, and amenities.

Q: How can I find an apartment for rent in Smyrna, DE?
A: You can find an apartment for rent in Smyrna, DE by checking online apartment rental websites, contacting property management companies, or checking with local real estate agents.

Q: Are there any rental assistance programs available for low-income families in Smyrna, DE?
A: Yes, there are rental assistance programs available for low-income families in Smyrna, DE such as the Delaware State Housing Authority’s Rental Assistance Program.

Q: What is the average utility cost in Smyrna, DE?
A: The average utility cost in Smyrna, DE varies depending on usage and provider. However, according to recent data, the average monthly utility bill for an apartment in Smyrna, DE is around $150.

Sources

https://www.zillow.com/smyrna-de/rentals/





Author – Stan Huxley

Passionate about real estate, Stan Huxley brings a wealth of experience to our articles. With a lifelong career in the industry, Stan’s insights, tips, and expert advice empower readers to navigate the world of real estate confidently. Whether you’re a homebuyer, seller, or investor, Stan is your trusted guide to making informed decisions.

Also Reading

What is the average rent in Vancouver?
Top things to know before moving to Kentucky
Utah average utility bill

Spread the love