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Smith Mountain Lake

Why you'd want to live in Smith Mountain Lake

Smith Mountain Lake, known for its stunning waterfront views and recreational offerings, attracts people who love water sports and outdoor leisure. The lake itself is a major draw, offering opportunities for boating, fishing, and swimming, while the surrounding area provides a mix of private homes, vacation properties, and small-town charm. With an array of local dining options, golf courses, and parks, Smith Mountain Lake is ideal for those looking for a peaceful, nature-filled lifestyle without straying too far from modern conveniences. The relaxed atmosphere and scenic beauty make it a popular spot for retirees and second-home owners, offering an escape into nature while still being within reach of urban amenities.

Smith Mountain Lake Market Report

$506,202

AVERAGE PRICE OF 365 HOMES

$868,936

AVERAGE PRICE OF 22 NEWLY BUILT HOMES

$537,425

AVERAGE PRICE OF 34 HOMES WITH A POOL

$2,075,184

AVERAGE PRICE OF 38 MULTI-MILLION DOLLAR HOMES

$541,212

AVERAGE PRICE OF 8 REDUCED PRICE HOMES

Average Home

Average Price $506,202
Avg Bedrooms 3.04 beds
Avg Bathrooms 2.59 baths

Average Price by Bedrooms

1 bedroom $321,271
2 bedrooms $453,935
3 bedrooms $592,226
4 bedrooms $1,107,422
5 bedrooms $2,428,589
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Franklin County High School 207 $508,728 198 days
Staunton River High School 124 $516,106 110 days
William Byrd High School 14 $118,575 1,130 days
Gretna High 8 $1,021,918 249 days
Liberty High 5 $719,760 116 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 365 $506,202 214 days
Newly Built Homes 22 $868,936 145 days
Homes with a Pool 34 $537,425 91 days
Multi-Million Dollar Homes 38 $2,075,184 162 days
Reduced Price Homes 8 $541,212 85 days
Distressed Homes n/a n/a n/a
Red Key Realty
2336 Peter’s Creek Rd
Roanoke, VA 24019
540-529-4294

Last updated; multiple times June 9, 2026. Information is deemed to be reliable, but is not guaranteed. Roanoke Valley Association of Realtors© 2026 MLS and FBS. Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this website does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed daily, but its accuracy is subject to market changes. All copyrights and intellectual property rights are the exclusive property of the Multiple Listing Service of The Roanoke Valley. Whether obtained from a search result or otherwise, visitors to this website may only use this listing data for their personal, non-commercial benefit. The unauthorized retrieval or use of this listing data is prohibited. The information on this sheet has been made available by the MLS and may not be the listing of the provider.
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