Real Estate Investing in Smithfield, Rhode Island
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Should you buy in Smithfield, RI? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Smithfield, RI?
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Market Trends — Smithfield, RI
Home Value History
Rent History
Investing in Smithfield Real Estate
This is a distressed-leaning corner of Rhode Island: Smithfield has 2 ZIPs and a sizable population, and the investment math only works for investors who truly understand the market.
A 3.0 rating and a 5-year CAGR of 0.0% are the kinds of numbers that warrant real local underwriting, not spreadsheet tourism. Smithfield is in that category.
Rent trends and price trends in Smithfield are both soft, which is the uncomfortable combination that defines distressed-leaning markets in Rhode Island.
Demographics in Smithfield show real pressure — median income of $N/AK is soft relative to rents, and the 0% renter share includes significant cost-burdened households.
Best ZIP codes in Providence-Warwick, RI-MA
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Landlord Ground Truth
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Property managers serving Providence County
Manage rentals here? List your business →Ferland Corporation provides professional management services for over 2,600 apartment units in the Rhode Island area, offering quality apartments and amenities. summary from their website
Zanno Property Management offers residential and multi-family property management services in Providence, including marketing, resident screening, rent collection, maintenance, accounting, and evictio summary from their website
Avellino Construction & Property Management offers property management, general contracting, investments & lending, and rentals in Providence, RI. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
🎓 Colleges & Universities in Smithfield
ZIP Codes in Smithfield, RI
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View PlansFrequently Asked Questions About Smithfield, RI
How much does a house cost in Smithfield, RI?
The median home value in Smithfield, RI is roughly $533K. That puts it reasonable relative to the RI statewide average.
What is the tenant pool like in Smithfield, RI?
Working renters make up the core of the Smithfield, RI tenant base. The pool is reasonable for investors targeting long-term holds.
How much do tenants pay in Smithfield, RI?
Investors in Smithfield, RI typically see rents near $1,765/mo per month against $533K home values - a solid setup for rental cash flow.
What real estate strategy is ideal for Smithfield, RI?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Smithfield, RI. The numbers - $533K homes against $1,765/mo rents - support that play.
How do landlord-tenant laws work in Smithfield, RI?
Landlord-friendliness in Smithfield, RI is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Community Ratings
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