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Rent To Own Homes in Smithfield, VA 23430

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Living in Smithfield, VA

Smithfield, VA, offers a perfect blend of historic charm and modern amenities. Known for its community spirit and access to nature, this town provides a quiet lifestyle while being conveniently located near major cities. With excellent schools, recreational activities, and local flavor, Smithfield is a desirable location for families and investors alike.

Current Market Conditions in Smithfield, VA

The Smithfield real estate market has seen a steady increase in demand, attracting home buyers looking for affordable housing options compared to nearby metropolitan areas. This trend has resulted in a stable appreciation of property values, making it an appealing choice for real estate investors.

With new developments and infrastructure projects planned in the coming years, the area is poised for growth, enhancing its investment potential. Investors can benefit from a combination of rising prices and a supportive community that values preserving the town's character.

Home Value Estimator For Smithfield, VA

There are currently 8,137 real estate properties in Smithfield, VA, with a median automated valuation model (AVM) price of $395,689.00. 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, VA, 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, VA, is $430,618.00, with the most expensive house in Smithfield, VA, topping out at $9,965,484.00 and the cheapest home in Smithfield, VA, clocking in at $16,800.00. In other words, there’s something for every potential homebuyer or savvy investor in Smithfield, VA!

Rent Prices In Smithfield, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Smithfield, VA, is on a rollercoaster ride. The average rent price in Smithfield, VA, is $1,634.00. Indeed, when looking to rent in Smithfield, VA, you can expect to pay as little as $630.00 or as much as $4,040.00, with the average rent median estimated to be $1,550.00. The good news is that finding an affordable and desirable property to rent in Smithfield, VA -- 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.

Smithfield, VA 23430 Rent To Own Homes

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