Current Price

$365,620

1 Month Forecast

â–² $391,412

1-Year Forecast *

â–² $413,194

5-Year Forecast *

â–² $450,268

"Is it a good time to buy homes in Smithfield?" "Does investing in real estate in Smithfield (Virginia State, Isle of Wight County) worth it?" According to our live Forecast System, buying a house in Smithfield is a good short-term (1-year) investment*. The Smithfield average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Smithfield" projections.
At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Smithfield in Virginia State, Isle of Wight County. If you are looking for homes for sale with good flipping profit, Smithfield can be a profitable property investment option. The median price of an average house in Smithfield was 365,620 USD on 2026-03-03. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Smithfield" area is 450,268 USD by 2031-03-03. For a 5-year investment the profit is expected to be around +23.15% meaning that investing 100000 USD today may yield a profit of 23,152 USD by 2031.

Current Median Listing Price: 365,620 USD Median Listing Price Per Square Foot: 203 USD

Smithfield Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Smithfield (Virginia State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2026-2032

The long-term housing forecast is based on all the available median listing price recorded up to today.

Smithfield Price Target

Smithfield median home price target in 12 months: $413,194* (upside of 13.0%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $387,128 $389,346 $386,874 $389,364
2024 $359,516 $365,620 $359,516 $366,921
2023 $357,408 $360,191 $357,408 $365,969
2022 $340,952 $357,639 $340,952 $357,771
2021 $308,972 $337,484 $308,972 $337,484
2020 $292,029 $306,459 $292,029 $306,459
2019 $274,624 $290,701 $274,624 $290,701
2018 $272,315 $273,432 $271,458 $273,432
2017 $261,214 $272,432 $261,214 $272,432
2016 $253,257 $260,492 $253,257 $260,492
2015 $235,741 $250,932 $235,741 $250,932
2014 $232,359 $235,526 $231,907 $237,520
2013 $230,029 $232,746 $230,029 $236,689
2012 $224,578 $229,959 $224,578 $231,100

Questions & Answers about the Smithfield Housing Market Forecast

How much does an average home cost in Smithfield today?

The value of an average home (the listing price) in Smithfield is $365,620 USD.

What is the average price per square foot in Smithfield?

According to Walletinvestor the median price per square foot in Smithfield is 203 USD.

Will the median listing price of homes in Smithfield grow / rise / go up?

Yes. The Smithfield home prices may rise from 365,620 USD to 413,194 USD in one year.

Is it profitable to invest in Smithfield homes?

Yes. The long-term profit potential is +13.01% in one year.

Will Smithfield house prices fall / drop?

No. See above.

What is the predicted price of a Smithfield home in 2030?

The predicted home sales price of a Smithfield home in 2030 in Smithfield is 431,443 USD.

What is the predicted price of a Smithfield home in 2035?

The predicted home sales price of a Smithfield home in 2035 in Smithfield is 492,655 USD.

Will real estate prices decrease in Smithfield?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Smithfield is the 3621. largest city in the United States, located in Virginia State.

During the last 12 months the real estate prices in Isle of Wight, Smithfield decreased, looking at the past 12 months.

According to Walletinvestor's Smithfield real estate market research, home values will increase in the next 12 months.

Median home values decreased by 5.678% to 365,620 USD, between 2025-03-03 and 2026-03-03

The average annual profit of property investment was:

  • 12.022% in 2021
  • 14.072% in 2022
  • 14.212% in 2023
  • 11.332% in 2024
  • 12.682% in 2025
  • 12.532% in 2026

Based on our Smithfield real estate market research and report the predicted sales prices will increase by 239.822% in the next 10 years.

Over the last 12 months, the value of homes in Smithfield fluctuated: increasing 3 times and decreasing 1 times.

Smithfield (Virginia) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Smithfield Housing Market Forecast with Real Estate Prices for 2025
August 2025 391412 354619 428204
September 2025 393488 360042 426935
October 2025 395575 366698 424452
November 2025 397674 368644 426704
December 2025 399784 374197 425370
Smithfield Housing Market Forecast with Real Estate Prices for 2026
January 2026 400743 376698 424787
February 2026 402407 381482 423332
March 2026 404542 381483 427600
April 2026 406688 380660 432716
May 2026 408845 381453 436238
June 2026 411014 379777 442251
July 2026 413194 388816 437573
August 2026 415386 376340 454433
September 2026 417590 395875 439305
October 2026 419805 381183 458427
November 2026 421141 398820 443461
December 2026 421631 382841 460421
Smithfield Housing Market Forecast with Real Estate Prices for 2027
January 2027 421470 392389 450552
February 2027 421318 396882 445755
March 2027 421659 393829 449488
April 2027 421503 379774 463232
May 2027 421231 390060 452402
June 2027 421792 382143 461440
July 2027 424029 401132 446927
August 2027 426279 384930 467628
September 2027 428540 401114 455967
October 2027 430192 395346 465037
November 2027 430428 388677 472180
December 2027 429746 405680 453811
Smithfield Housing Market Forecast with Real Estate Prices for 2028
January 2028 428403 387704 469101
February 2028 426853 402522 451184
March 2028 425478 385483 465472
April 2028 423938 400622 447255
May 2028 423144 398602 447686
June 2028 423833 394588 453077
July 2028 426081 397960 454202
August 2028 428341 397929 458754
September 2028 430138 389705 470571
October 2028 430062 401248 458876
November 2028 429140 397813 460467
December 2028 428991 387379 470603
Smithfield Housing Market Forecast with Real Estate Prices for 2029
January 2029 429001 395539 462463
February 2029 429715 389751 469678
March 2029 429595 387495 471696
April 2029 428613 393466 463759
May 2029 430886 401586 460187
June 2029 430604 390558 470650
July 2029 431443 392182 470705
August 2029 432678 392439 472917
September 2029 433315 408182 458447
October 2029 433375 395672 471079
November 2029 433355 404754 461957
December 2029 435654 399059 472249
Smithfield Housing Market Forecast with Real Estate Prices for 2030
January 2030 437965 407746 468185
February 2030 440289 408588 471989
March 2030 442624 419608 465641
April 2030 444972 406705 483240
May 2030 446040 402774 489306
June 2030 447892 419227 476557
July 2030 450268 415147 485389
August 2030 452657 422781 482532
September 2030 455058 427300 482817
October 2030 457472 425449 489495
November 2030 459899 419888 499910
December 2030 462339 430437 494240
Smithfield Housing Market Forecast with Real Estate Prices for 2031
January 2031 464792 420636 508947
February 2031 467257 427073 507441
March 2031 468744 443900 493587
April 2031 469289 423768 514810
May 2031 469110 429236 508985
June 2031 468941 445494 492388
July 2031 469320 441161 497479
August 2031 469147 430677 507617
September 2031 468844 439307 498382
October 2031 469468 425808 513129
November 2031 471959 438450 505468
December 2031 474463 436506 512420
Smithfield Housing Market Forecast with Real Estate Prices for 2032
January 2032 476980 439298 514661
February 2032 478818 437639 519996
March 2032 479081 434526 523635
April 2032 478321 453927 502715
May 2032 476826 429144 524509
June 2032 475102 436618 513585
July 2032 473571 439000 508141

> Page 2: detailed data / price table <

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* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.