Smithfield, VA is a great place to buy a home. The median value of housing in Smithfield, VA is currently $331,300, which is slightly lower than the US House Median Value of $338,100. Over the past year, the US House Appreciation has been 8.27%, but in Smithfield, VA it has been even better with an appreciation rate of 11.30%. This makes now a great time to invest in housing in Smithfield as prices are likely to continue going up.
The median home cost in Smithfield is $331,300. Home appreciation the last 10 years has been 58.5%. Home Appreciation in Smithfield is up 13.1%.
Average Age of Homes
- The median age of Smithfield real estate is 29 years old
The Rental Market in Smithfield
- Renters make up 27.6% of the Smithfield population
- 1.0% 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.