Living in Smithfield, PA
Smithfield, PA is a picturesque borough located in Fayette County, providing a serene environment with access to outdoor recreation. The area has a strong community spirit and offers essential amenities while being close to nature parks. Its small-town charm appeals to families and individuals who appreciate a quieter lifestyle.
Current Market Conditions in Smithfield, PA
The Smithfield real estate market is characterized by affordable housing options, with a mix of charming older homes and newer builds. Over the past year, property values have seen a stable increase, attracting buyers looking for budget-friendly opportunities in a peaceful environment.
More recently, the market has become increasingly competitive, particularly among first-time home buyers drawn to the area's affordability and community feel. The demand for homes has resulted in faster sales, moving away from the norm of extended listing periods seen in previous years.
Home Value Estimator For Smithfield, PA
There are currently 1,941 real estate properties
in Smithfield, PA,
with a median automated valuation model (AVM) price
of $174,510.00. 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, PA, 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, PA,
is $200,862.00, with the most expensive house
in Smithfield, PA, topping out
at $909,769.00 and the cheapest home
in Smithfield, PA,
clocking in at $6,659.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Smithfield, PA!
Rent Prices
In Smithfield, PA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Smithfield, PA, is on
a rollercoaster ride. The
average rent price in Smithfield, PA,
is $1,201.00. Indeed, when looking to rent in
Smithfield, PA, you can expect to pay as little
as $490.00 or as much
as $2,120.00,
with the average rent median estimated to
be $1,170.00. The good news is that finding
an affordable and desirable property to rent in Smithfield, PA
-- 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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