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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 $225,700, lower than the Tennessee average of $315,131.
The average cost of rent is $778/mo in Smithfield, primarily driven by the current value of real estate in the Smithfield area. In Smithfield, 5.55% of households rent, and 55.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Smithfield is $4,904 per month. Households that rent pay about 15.87% of their income on rent here. Smithfield’s most expensive areas are in the northern 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
- Sandy Lane, TN: equally priced homes
- Cokercreek, TN: equally priced homes
- Tellico Plains, TN: less expensive homes
- Jalapa, TN: equally priced homes
- Violet, NC: higher priced homes
- Rural Vale, TN: equally priced homes
- Bullet Creek, TN: less expensive homes
- Unaka, NC: higher priced homes
- Towee, TN: less expensive homes
- Farner, TN: less expensive homes
Cities with Similar Populations
- Zylks, LA: less expensive homes
- Ardoch, ND: less expensive homes
- Portland Mills, IN: equally priced homes
- President, PA: less expensive homes
- Prairie Point, TX: higher priced homes
- Prairie Hill, MO: equally priced homes
- Praha, TX: less expensive homes
- Praag, WI: equally priced homes
- Powderhorn, CO: higher priced homes
- Pottery Addition, OH: less expensive homes
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