Real Estate Investing in Smithfield, Kentucky

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 2,663 • Henry County

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Should you buy in Smithfield, KY? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (64/100)

Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Smithfield, KY?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

6.1% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.95% as of Sep 17 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $418,613
Avg Monthly Rent $1,170
ZIP Codes 1

Investing in Smithfield Real Estate

Across Smithfield's 1 ZIPs, the picture is tepid: $419K median values, $1,170/mo rents, and a population that has faced real economic pressure.

Investors considering Smithfield, KY should understand what the ★★★☆☆ rating represents — a market with material structural headwinds, not a temporary rough patch.

Rents in Smithfield at $1,170/mo have struggled to keep pace with cost increases, and vacancy has risen in pockets — a dynamic that compresses realized returns well below headline cap rates.

Demographics in Smithfield show real pressure — median income of $N/AK is thin relative to rents, and the 0% renter share includes significant cost-burdened households.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Louisville/Jefferson County, KY-IN

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Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$418,613
Avg Monthly Rent
$1,170
1% Rule
✗ Below
Landlord Friendly (KY)

ZIP Codes in Smithfield, KY

Screen every ZIP in Smithfield

Filter Smithfield’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Smithfield, KY

Is Smithfield, KY a friendly market for rental owners?

Rental owners in Smithfield, KY deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.

How strong are rents in Smithfield, KY?

Rent in Smithfield, KY is around $1,170/mo. The resulting rent-to-value relationship with $419K pricing is reasonable for most investor models.

What is the renter demographic in Smithfield, KY?

The renter base in Smithfield, KY is reasonable for the $1,170/mo price point. Screening well and pricing to market typically yields measured tenants.

Should investors consider Smithfield, KY?

Smithfield, KY comes in at an investability rating of 3.0/5, with median home values near $419K and average rents around $1,170/mo. That combination puts it in the healthy tier for investor interest.

Is housing expensive in Smithfield, KY?

Typical homes in Smithfield, KY go for around $419K. The 5-year CAGR of 0.0% predictable price movement.

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