The median home in Smithfield, Virginia is valued at $386,494, up 1.6% year over year. Typical monthly rent is $2,300, producing a price-to-rent ratio of 14x — below the national average of 18x. Smithfield is part of the Virginia Beach-Norfolk-Newport News, VA-NC metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.
See the full metro analysis: Virginia Beach-Norfolk-Newport News, VA-NC stress score, crash risk, and 12-month forecast →
Home Value$386,494
+1.6%
Rent$2,300/mo
AFFORDABILITYRenting $52/mo cheaper ($2,300 rent)6.50% 30yr, 20% down, county tax + VA ins. 28% per HUD.
Enter your income for Smithfield.
$77,299 on $386,494
Out of reach — 37.6% of income
Need $100,800/yr to afford.
PITI$2,352
P/I37.6%
Afford$288K
Gap-$99K
P&I $1,954Tax $264Ins $133
Home Buying Kit For Dummies (2025)Financing, negotiation, closing
Other cities in Virginia
Compare Smithfield with other housing markets across Virginia.
Full Virginia Beach-Norfolk-Newport News, VA-NC analysis
Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Virginia Beach-Norfolk-Newport News, VA-NC metro.
View Virginia Beach-Norfolk-Newport News, VA-NC metro →