According to Smith County Appraisal District most properties in Smith County have risen in value. A strong 2015 year. The median sale price for homes in Smith County reached $165,000, the highest level in recent years. Comes out to a 4.12% increase in values. Bullard saw the highest climb at 10.52%. Several smaller areas dropped a bit, but should pick up as the market rises and with interest rates still LOW now is the time to buy and/or sell. The oil patch problems have been relatively mild according Michael Barnett, chief appraiser for Smith County.