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Affordable Housing in Smithfield, VA

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Smithfield, VA Foreclosures

Current Market Conditions in in Smithfield, VA As of April 2026?
Over the past month, Smithfield has seen a slight uptick in home sales, with properties moving faster off the market, indicating heightened buyer interest. The average days on the market has decreased, suggesting that buyers are eager to secure homes in this desirable town. The median price for homes has increased modestly, reflecting the ongoing demand.
How much do homes sell for in Smithfield, VA?
The average home price is currently $435,385.
In Smithfield, VA, how many homes are available?
There are currently 1 active home listings available in Smithfield.
What’s the average rental cost in Smithfield, VA?
The average rental price in Smithfield is $1,635.
What is the most expensive home in Smithfield?
The most expensive home sold in Smithfield had a price of $12,664,992.
What is currently the cheapest priced home in Smithfield, VA?
The cheapest home for sale in Smithfield is priced at $16,800.

Living in Smithfield, VA

Smithfield, Virginia, is a charming town known for its historic architecture and thriving community spirit. Located along the picturesque Pagan River, it offers a blend of small-town charm and modern conveniences. With rich cultural heritage and an array of local shops, restaurants, and parks, it's an ideal place for families and retirees alike.

Buyer vs Seller Market in Smithfield, VA

In recent months, the Smithfield real estate market has shown signs of steady growth, with an increase in the number of homes sold and a slight rise in median home prices. The demand for housing in this charming town continues to attract buyers, particularly those seeking a quieter, suburban lifestyle while still having access to larger cities like Norfolk and Newport News.

Home Value Estimator For Smithfield, VA

There are currently 8,476 real estate properties in Smithfield, VA, with a median automated valuation model (AVM) price of $404,446.00. 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 $435,385.00, with the most expensive house in Smithfield, VA, topping out at $12,664,992.00 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 $1,635.00. 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 Affordable Housing

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