Smithfield, NC housing market
The typical Smithfield home is worth about $291,000, about the same as a year ago, 13% below the North Carolina typical home. Homes typically sell in 60 days, below asking.
Home values, sales, trends and how Smithfield compares with the towns next door — updated as new data is published.
Smithfield at a glance
A seller's market
Supply is tight — about 3.4 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Smithfield | North Carolina |
|---|---|---|
| 2017 | $148,000 | $179,000 |
| 2018 | $160,000 | $190,000 |
| 2019 | $170,000 | $203,000 |
| 2020 | $183,000 | $215,000 |
| 2021 | $209,000 | $242,000 |
| 2022 | $253,000 | $287,000 |
| 2023 | $286,000 | $320,000 |
| 2024 | $295,000 | $332,000 |
| 2025 | $298,000 | $338,000 |
| 2026 | $292,000 | $336,000 |
| August 2026 | $291,000 | $335,000 |
Smithfield and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2015 | Median income |
|---|---|---|---|---|---|
| Smithfield | $291K | −0.3% | $1,350 | — | $43,270 |
| Selma | $273K | +0.6% | $1,350 | 0 | $41,368 |
6.7 years of income
The typical Smithfield home costs about 6.7 years of the town's median household income, more than across North Carolina (4.6 years).
How Smithfield ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,350
HUD's Fair Market Rent for a two-bedroom in Smithfield is $1,350 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Smithfield pay a median of $658, so moving in tends to cost more than staying put. A two-bedroom takes about 37% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,170 · 4 bedrooms $2,200
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (27577; Raleigh-Cary, NC MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Smithfield
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.