Mortgage Rates in Smyrna, Tennessee — March 2026
Updated March 2026 | Based on Smyrna market data and regional lending conditions
Smyrna is a growing city in Tennessee with a population of 55,175. The current 30-year fixed mortgage rate in Smyrna is 6.68%, which is 0.03% above the national average. With a median home price of $274,000 and a 20% down payment of $54,800, homebuyers can expect a monthly principal and interest payment of approximately $1,412.
Current Mortgage Rates in Smyrna, TN
Below are the current average mortgage rates available in the Smyrna area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.68% | 6.65% | +0.03% |
| 15-Year Fixed | 5.93% | 5.89% | +0.04% |
| 5/1 ARM | 6.21% | 6.15% | +0.06% |
| FHA | 6.46% | 6.25% | +0.21% |
| VA | 6.21% | 6.05% | +0.16% |
| Jumbo | 6.93% | 6.85% | +0.08% |
Smyrna Housing Market Overview
The Smyrna housing market offers relatively affordable housing compared to many major cities. The median household income in Smyrna is $52,500, and the cost of living index is 91 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $67,071 to comfortably afford the median-priced home in Smyrna, which exceeds the current median household income.
Monthly Payment Breakdown for Smyrna
Based on the median home price of $274,000 with 20% down ($54,800), here is what you can expect to pay monthly in Smyrna:
15-Year vs. 30-Year Mortgage in Smyrna
Choosing a 15-year mortgage in Smyrna at 5.93% instead of a 30-year at 6.68% would save you $176,940 in total interest over the life of the loan. However, your monthly payment would be $1,841 instead of $1,412 — an increase of $429 per month.
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Open Free CalculatorFrequently Asked Questions About Mortgages in Smyrna
What are the current mortgage rates in Smyrna, TN?
As of March 2026, the average 30-year fixed mortgage rate in Smyrna, Tennessee is 6.68%, while the 15-year fixed rate is 5.93%. FHA loans average 6.46% and VA loans 6.21%. These rates are 0.03% above the national average of 6.65%.
How much is a monthly mortgage payment in Smyrna?
Based on the median home price of $274,000 with 20% down, the estimated monthly mortgage payment in Smyrna is $1,412 for principal and interest. Including property taxes of $153/month, the total monthly housing cost is approximately $1,565.
What income do I need to buy a home in Smyrna?
Using the 28% rule, you would need an annual income of approximately $67,071 to afford the median-priced home in Smyrna at $274,000. The median household income in Smyrna is $52,500. This means most households would need to either earn above the median or consider homes below $274,000.
Is Smyrna a good place to buy a home in 2026?
Smyrna offers a below-average cost of living with a cost of living index of 91 (national average = 100). The property tax rate in Tennessee is 0.67%, which is below the national average. Smyrna has a population of 55,175 and offers a very affordable lifestyle.
Mortgage Rates in Other Tennessee Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Smyrna, Tennessee area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.