The housing market in Smithfield, NC is booming with a median value of $282,200. This is significantly lower than the US house median value of $338,100 and much higher than the US 1 year house appreciation rate of 8.27%. This indicates that the appreciation rate in Smithfield is almost double that of the national average at 15.26%, making it an attractive area for potential homeowners. The positive outlook on Smithfield housing presents a great opportunity for those looking to invest or purchase a home in this charming town.
The median home cost in Smithfield is $282,200. Home appreciation the last 10 years has been 108.1%. Home Appreciation in Smithfield is up 25.0%.
Average Age of Homes
- The median age of Smithfield real estate is 48 years old
The Rental Market in Smithfield
- Renters make up 40.4% of the Smithfield population
- 3.5% of houses and apartments in Smithfield, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.