Smithfield, NC 27577 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Smithfield, NC—27577

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$286,000

2.4% YoY Growth

Household Income

$56,200

20.9% YoY Growth

Days on Market

26.0% Longer YoY

Home Price Forecast

1.0%

Median Rent

$1,740

0.6% YoY Growth

1-Bed Rent

$1,050

3.8% YoY Growth

2-Bed Rent

$1,400

7.1% YoY Growth

3-Bed Rent

$1,750

0.6% YoY Growth

Home Price Trends — Smithfield, NC

As of Dec '25, the median home price in Smithfield, NC is $286,000, with a year-over-year change of -2.4%. This indicates that home prices in Smithfield, NC are decreasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$286,000	-2.4%
Single Family	$286,000	-2.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Smithfield, NC

As of July '25, Rentcast reports the average rent in Smithfield, NC is $1,720, with a year-over-year rent change of 0.6%. Per bedroom, the median rent as of July '25 in Smithfield, NC is 1-bedrooms: $1,100, 2-bedrooms: $1,310, 3-bedrooms: $1,750, 4-bedrooms: $2,120. The most common rental property sizes in Smithfield, NC are 2-bedroom and 3-bedroom, accounting for 37.4% and 25.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,740	$1,720
Studio Rent	N/A	N/A
1 Bed Rent	$1,050	$1,100
2 Bed Rent	$1,400	$1,310
3 Bed Rent	$1,750	$1,750
4 Bed Rent	$2,050	$2,120

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% of Rental Stock

Studio

5.1%

1 Bedroom

25.0%

2 Bedrooms

37.4%

3 Bedrooms

25.7%

4 Bedrooms

6.3%

5+ Bedrooms

0.6%

Property Listings — Smithfield, NC

As of Dec '25, Realtor.com reports that the median days on market for a home in Smithfield, NC is 72. This is a increase of 42.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$349,000	3.0%
Listing Count	209	-7.0%
Listings as % of Homes	1.6%	-7.0%
Days on Market	70	26.0%

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Demographics — Smithfield, NC

As of the latest ACS Survey released in 2023, Smithfield, NC has a population of 26,900, which has increased by 6.4% over the past 5 years. Smithfield, NC is a moderately popular place for families, as children make up 23.9% of the population. The area has a poorly educated workforce, with 21.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	26,900	6.4%
% Under 18	23.9%	10.6%
% Seniors	16.3%	-1.2%
% WFH	5.3%	1.9%
% w/ College Degree	21.5%	19.4%

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As of the latest ACS Survey released in 2023, Smithfield, NC is a predominantly white area, with 56.9% of the population identifying as white. The white population has grown by 0.7% in the last 5 years. The second most common race or ethnicity in Smithfield, NC is hispanic, making up 20.8% of the population. Foreign-born residents account for 11.6% of the population in Smithfield, NC, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	56.9%	0.7%
% Black	18.6%	-11.8%
% Hispanic	20.8%	10.1%
% Asian	1.3%	-13.3%
% Foreign Born	11.6%	0.0%

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Mortgage and Risk — Smithfield, NC

According to HUD data as of 2023, there were 586 mortgage originations in Smithfield, NC, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Smithfield, NC. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	586
% Conventional Loans	73.0%
% Government Loans	27.0%
% Investor Loans	3.0%
% Second Loans	1.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Smithfield, NC

As of 2024, the percent of homes in Smithfield, NC under the Section 8 program is 11.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Smithfield, NC, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD	623
Total Units Section 8	375
% Rentals under Section 8	11.9%
% Occupied Section 8	92.7%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$270	$1,050	$1,320
2 Bedroom	$90	$1,400	$1,490
3 Bedroom	$90	$1,750	$1,840
4 Bedroom	$390	$2,050	$2,440

Smithfield, NC—27577

Key Metrics at a Glance

Home Price Trends — Smithfield, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Smithfield, NC

% of Rental Stock

Property Listings — Smithfield, NC

Demographics — Smithfield, NC

Race and Ethnicity

Mortgage and Risk — Smithfield, NC

Mortgages

Rentals and Section 8 — Smithfield, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Smithfield, NC

Home Price to Income Ratio

Smithfield, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Pine Level

Four Oaks, NC

Selma, NC

Micro

Clayton, NC

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5
Median Home Price	$286,000
Median Household Income	$56,200

Smithfield, NC—27577

Key Metrics at a Glance

Home Price Trends — Smithfield, NC

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Smithfield, NC

% of Rental Stock

Property Listings — Smithfield, NC

Demographics — Smithfield, NC

Race and Ethnicity

Mortgage and Risk — Smithfield, NC

Mortgages

Rentals and Section 8 — Smithfield, NC

Section 8 Market Size

Section 8 Opportunity

Affordability — Smithfield, NC

Home Price to Income Ratio

Smithfield, NC — ZIP Code Boundary Map

Nearby ZIP Codes

Pine Level

Four Oaks, NC

Selma, NC

Micro

Clayton, NC

Frequently Asked Questions

What is the average home price in Smithfield, NC 27577?

How have home prices in Smithfield, NC 27577 changed over the past year?

What is the home price projection for Smithfield, NC 27577?

What are the demographics of Smithfield, NC 27577?

How long does it take homes to sell in Smithfield, NC 27577?

What is the average rent price in Smithfield, NC 27577?