Living in Smithfield, IL
Smithfield, IL, is a peaceful small town known for its friendly community and beautiful rural settings. With access to essential amenities and recreational activities, it offers an excellent quality of life. Families and retirees will find Smithfield an ideal place to call home.
Current Market Conditions in Smithfield, IL
The real estate market in Smithfield, IL, has shown a steady increase in demand as more people are seeking quieter, rural lifestyles. With affordable housing options compared to larger cities, investors are recognizing the potential for growth in this area.
Current trends indicate a favorable market for both buyers and investors, with properties appreciating in value. As remote work becomes more common, the appeal of Smithfield's tranquil environment continues to attract new residents.
Home Value Estimator For Smithfield, IL
There are currently 139 real estate properties
in Smithfield, IL,
with a median automated valuation model (AVM) price
of $81,629.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Smithfield, IL, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Smithfield, IL,
is $110,586.00, with the most expensive house
in Smithfield, IL, topping out
at $656,671.00 and the cheapest home
in Smithfield, IL,
clocking in at $14,389.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Smithfield, IL!
Rent Prices
In Smithfield, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Smithfield, IL, is on
a rollercoaster ride. The
average rent price in Smithfield, IL,
is $888.00. Indeed, when looking to rent in
Smithfield, IL, you can expect to pay as little
as $570.00 or as much
as $1,690.00,
with the average rent median estimated to
be $830.00. The good news is that finding
an affordable and desirable property to rent in Smithfield, IL
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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