Real Estate Investing in Smithfield, Virginia

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

1 ZIP codes • Population: 19,057 • Isle of Wight County

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

🏠 For Homebuyers
MIXED
Grade C (68/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 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
CLEAN

No major risk flags on the data we track.

What’s happening in Smithfield, VA?

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3.0/ 5

Investability

Citywide average

2.0/ 5

Appreciation

3.7% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $411,274
Avg Monthly Rent $2,498
ZIP Codes 1

Investing in Smithfield Real Estate

Smithfield in Virginia is one of the markets where the numbers warn before they reward — 1 ZIPs, a sizable population, and a rating that reflects material risk.

The investment case for Smithfield is difficult to make on screen data alone. a harder case for a 3.0 rating and a cap rate of 0.0% that looks fine only until you underwrite the vacancy.

Market conditions in Smithfield are sluggish. Days-on-market has stretched, rent growth has stalled, and the 0.0% 5-year CAGR understates how uneven the underlying ZIPs really are.

A an established population with $N/AK household income profile is what makes Smithfield a challenging rental market — the tenant base is present, but the affordability math is tight.

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 Virginia Beach-Norfolk-Newport News, VA-NC

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

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$411,274
Avg Monthly Rent
$2,498
1% Rule
✗ Below
Landlord Friendly (VA)

ZIP Codes in Smithfield, VA

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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, VA

Is real estate in Smithfield, VA a good investment right now?

Investors tracking Smithfield, VA will find a 3.0/5 rating supported by $411K median home values and $2,498/mo rents. That profile suits long-term holders targeting predictable returns.

Do rentals sit vacant long in Smithfield, VA?

Occupancy in Smithfield, VA runs even-keeled with elevated vacancy. Well-priced units at $2,498/mo lease on reasonable timelines.

What are rental rates like in Smithfield, VA?

Rents in Smithfield, VA run near $2,498/mo. Compared with median home prices of $411K that produces solid gross yields for typical rentals.

Is VA a landlord-friendly state?

VA law landlord-friendly for landlords, and Smithfield inherits those rules. Investors should still review local ordinances for rental licensing.

What strategy should investors use in Smithfield, VA?

In Smithfield, VA the robust play is typically careful cash-flow rentals with hands-on management. The combination of $411K prices and $2,498/mo rents suits that approach.

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