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Affordable
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These days, finding an affordable place to live in the Smithfield area can be challenging. Home prices in Smithfield are now at a median cost of $310,423, higher than the Kentucky average of $219,615.
The average cost of rent is $912/mo in Smithfield, primarily driven by the current value of real estate in the Smithfield area. In Smithfield, 9.51% of households rent, and 40.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Smithfield is $6,449 per month. Households that rent pay about 14.14% of their income on rent here. Smithfield’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Eminence, KY: less expensive homes
- New Castle, KY: less expensive homes
- La Grange, KY: equally priced homes
- Sulphur, KY: less expensive homes
- Pendleton, KY: less expensive homes
- Port Royal, KY: less expensive homes
- North Pleasureville, KY: less expensive homes
- Buckner, KY: higher priced homes
- Crestwood, KY: higher priced homes
- Delville, KY: less expensive homes
Cities with Similar Populations
- Bristol, IL: equally priced homes
- Buchanan, TN: less expensive homes
- Canyonville, OR: equally priced homes
- Outlook, WA: less expensive homes
- Smyrna Landing, DE: higher priced homes
- Seaman, OH: less expensive homes
- Post Oak Bend City, TX: higher priced homes
- Pomaria, SC: less expensive homes
- Pleasantdale, WV: less expensive homes
- Pelham, NC: less expensive homes
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