Zip 23430 (Smithfield, VA) Housing

The housing market in 23430 Smithfield, VA is thriving. The median value of homes in this area is $348,200, which is significantly higher than the national average of $338,100. Furthermore, the appreciation rate for houses in Smithfield is 11.30%, which is much higher than the national average of 8.27%. This indicates that now is a great time to invest in real estate in Smithfield as property values are likely to continue increasing for some time.

The median home cost in Smithfield (zip 23430) is $348,200. Home appreciation the last 10 years has been 58.5%. Home Appreciation in Smithfield (zip 23430) is up 13.1%.

Average Age of Homes

- The median age of Smithfield (zip 23430) real estate is 29 years old

The Rental Market in Smithfield (zip 23430)

- Renters make up 19.2% of the Smithfield (zip 23430) population
- 1.0% of houses and apartments in Smithfield (zip 23430), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Smithfield, Virginia	United States
	7,614.0	139,647,020.0
	32	42
	$348,200	$338,100
	13.1%	16.6%
	42.0%	57.0%
	58.5%	101.1%
	$7.43	$10.98
	$2,292	$2,690
	76.3%	57.4%
	6.9%	11.2%
	16.8%	31.4%
Vacant Housing
	1.0%	1.9%
	0.0%	0.4%
	0.2%	0.7%
	0.0%	0.4%
	0.4%	3.6%
	5.2%	4.1%
Value of Owner-Occupied Housing
	4.1%	2.6%
	1.3%	2.4%
	0.7%	2.8%
	0.9%	3.9%
	0.8%	4.5%
	4.1%	11.3%
	8.8%	13.0%
	26.9%	20.1%
	29.4%	13.6%
	11.1%	8.3%
	9.8%	9.7%
	1.8%	3.9%
	0.2%	2.2%
	0.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	15.1%	13.6%
	15.1%	13.6%
	24.5%	13.6%
	15.2%	13.2%
	14.5%	14.8%
	24.5%	13.6%
	4.9%	10.0%
	1.2%	4.7%
	6.6%	12.2%

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