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Smithfield, VA
Full City Profile · Virginia · Isle of Wight County County
3.7
/5.0
B+
Good
8,729
Population
897/sq mi density
$110,182
Median Income
$55,446 per capita
$358,100
Home Value
$387,540 Zillow
$1,182
Median Rent
28.4% income on rent
59°F
Avg Temperature
299 sunny days/yr
200
Violent Crime/100K
1,768 property/100K
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$110,182 median income, 2.0% unemployment
A+
Affordability
4.9 / 5.0
$358,100 home value, $1,182/mo rent
F
Safety
1.0 / 5.0
200 violent crimes/100K
B+
Education
3.8 / 5.0
34.4% bachelor's degree or higher
Housing Overview
Median Home Value
$358,100
27% above
US avg: $281,900
Median Rent
$1,182/mo
2% above
US avg: $1,163/mo
Homeownership Rate
82.4%
26% above US avg (65.4%)
Total Housing Units
3,611
Median year built: 1991
Home Value by Source
Census Median
$358,100
Zillow (ZHVI)
$387,540
Median Sale Price
$455,000
Median List Price
$622,820
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
82.4%
Owner-Occupied
17.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,137/mo
1 Bedroom
$1,181/mo
2 Bedroom
$1,369/mo
3 Bedroom
$1,787/mo
4 Bedroom
$2,126/mo
Census median rent:
$1,182/mo
· Zillow rent:
$2,450/mo
Market Indicators (Redfin)
Median Days on Market
23 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
7
Price Drops
7.3%
of listings with price reduction
Price Per Sq Ft
$223
Active Inventory
41
homes for sale
Affordability & Housing Stock
Rent Burden
28.4%
of renters spending 30%+ of income on housing
8% below US avg (31.0%)
Median Year Built
1991
Average age of housing stock: 35 years
Homeownership Rate
82.4%
Complete Housing Data
Home Values
| Census Median Value | $358,100 |
| Zillow Home Value (ZHVI) | $387,540 |
| Median Sale Price | $455,000 |
| Median List Price | $622,820 |
| Price Per Sq Ft | $223 |
Rent
| Census Median Rent | $1,182 |
| Zillow Rent (ZORI) | $2,450 |
| FMR Studio | $1,137 |
| FMR 1-Bedroom | $1,181 |
| FMR 2-Bedroom | $1,369 |
| FMR 3-Bedroom | $1,787 |
| FMR 4-Bedroom | $2,126 |
Market
| Days on Market | 23 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 7.3% |
| Homes Sold | 7 |
| Active Inventory | 41 |
| Price Per Sq Ft | $223 |
Ownership & Stock
| Owner-Occupied | 82.4% |
| Renter-Occupied | 17.6% |
| Homeownership Rate | 82.4% |
| Total Housing Units | 3,611 |
| Median Year Built | 1991 |
| Rent Burden | 28.4% |