The housing market in Smithfield, NE is looking up. The median value of a house in Smithfield is $122,500 which is significantly lower than the US median value of $338,100. The 1 year appreciation rate for houses in Smithfield is also higher than the national average at 10.45%, compared to 8.27%. This could mean that people are investing in real estate in Smithfield and prices are likely to continue to rise. However, it remains to be seen if this growth can be maintained over the long term.
The median home cost in Smithfield is $122,500. Home appreciation the last 10 years has been 80.6%. Home Appreciation in Smithfield is up 15.2%.
Average Age of Homes
- The median age of Smithfield real estate is 44 years old
The Rental Market in Smithfield
- Renters make up 6.3% 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.