Real Estate Investing in Smithfield, North Carolina

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

1 ZIP codes • Population: 26,946 • Johnston County

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

🏠 For Homebuyers
MIXED
Grade C (62/100)

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

📈 For Investors
MIXED
3.0 / 5 (52/100)

A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 9.1% vacancy may signal weakening demand.

What’s happening in Smithfield, NC?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

4.9% 5yr CAGR

4.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $293,166
Avg Monthly Rent $1,787
ZIP Codes 1

Investing in Smithfield Real Estate

With a sizable population across 1 ZIPs, Smithfield shows the kind of sluggish fundamentals that keep most out-of-state capital on the sidelines.

Across Smithfield's 1 ZIPs, fundamentals run subdued: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.

Rent trends and price trends in Smithfield are both soft, which is the uncomfortable combination that defines distressed-leaning markets in North Carolina.

Population dynamics in Smithfield haven't been supportive. a stretch for combined with muted income growth, the demographic backdrop complicates any purely financial underwriting.

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 Raleigh-Cary, NC

Smithfield is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

Real numbers from people who own or manage rentals in Smithfield, NC. Anonymous, moderated, never written by AI.

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Avg Home Value
$293,166
Avg Monthly Rent
$1,787
1% Rule
✗ Below
Landlord Friendly (NC)

🎓 Colleges & Universities in Smithfield

1 College 4,680 Students 842 Off-Campus Renters
C
Johnston Community College
2-Year Public · 4,680 students
📍 ~842 students rent off-campus

Investor Insight: With 842 students living off-campus, Smithfield has substantial rental demand from the college population — typically stable, lease-renewing tenants.

ZIP Codes in Smithfield, NC

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, NC

Should investors worry about vacancy in Smithfield, NC?

Smithfield, NC sees elevated vacancy, which is reasonable relative to the broader NC rental market.

What is the typical renter like in Smithfield, NC?

Tenant quality in Smithfield, NC ranks as solid. Landlords generally report reliable occupancy at market rents of $1,787/mo.

Is Smithfield in NC worth investing in?

Our data puts Smithfield, NC at 3.0/5 for investability. Home prices of $293K and rents around $1,787/mo create a solid backdrop for investor activity.

Are homes affordable in Smithfield, NC?

Smithfield, NC home values average about $293K. That price point suits investors targeting rentals with $1,787/mo in monthly income.

What monthly rent should investors expect in Smithfield, NC?

Average rent in Smithfield, NC is approximately $1,787/mo per month. Against $293K home values that yields a reasonable rent-to-price ratio.

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