The housing market in Smithfield, IL is growing at a steady rate. The median value of a house in Smithfield is $63,300, which is significantly lower than the US median housing value of $338,100. Despite the difference in median values, both markets have seen similar appreciation rates over the past year with an 8.27% increase for the US and a 7.76% increase for Smithfield. This indicates that Smithfield's housing market is healthy and may be more affordable option for those looking to purchase a house.
The median home cost in Smithfield is $63,300. Home appreciation the last 10 years has been 28.7%. Home Appreciation in Smithfield is up 8.9%.
Average Age of Homes
- The median age of Smithfield real estate is 62 years old
The Rental Market in Smithfield
- Renters make up 11.5% of the Smithfield population
- 0.0% 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.