Smithfield, Virginia.
Typical home $402,631 (+2.4% in a year), asking rent $2,554 . Virginia Beach-Norfolk-Newport News, VA-NC metro.
to buy the typical home at today's mortgage rate — +$974 (+86%) since Jan 2020.
- 1 year
- Up $9,625 +2%
- $393,006$402,631 since Sep 2025
- 5 years
- Up $49,004 +14%
- $353,627$402,631 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Smithfield$2,113
- Virginia$2,164
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 27 years.
Typical home values in Smithfield, VA rose 2.4% over the past year — faster than the nation's +1.2%.
Living in Smithfield, Isle of Wight County, Virginia
Smithfield is a town of 8,533 people in Isle of Wight County. Half its households earn more than $113,158 a year and half less, against $95,241 across Isle of Wight County; 5% of its people live below the poverty line. 82% of its homes are lived in by their owners and 18% are rented. Unemployment in Isle of Wight County was 3.4% in August 2026, and the county had 2.1% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Smithfield is a small Virginia town in Isle of Wight County, with an older population than the country as a whole. Household incomes run above the county's, fewer people live below the poverty line than in many places, and most homes are lived in by their owners. Winters are cool and summers warm, with rain spread through the year and some snow in the colder months.
Work. Residents work mostly in schools, hospitals and social care, followed by manufacturing, professional and business services, and banks, insurance and property. Among the largest workplaces in town are Smithfield Foods, Isle of Wight County Public Schools and Food Lion. Many people commute some distance, and a good number work from home, while the county has seen fewer jobs than a year earlier.
Things to do. The Isle of Wight County Museum is in or beside town, and The Mariners' Museum and the Virginia Living Museum, a zoo-style attraction, are a short drive away. The James River is also a short drive away for time near the water. Colonial Williamsburg is a longer drive, for those who like history on a bigger scale.
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- 3,584households
- 37%of adults have a degree
- 5%below the poverty line
- 28 mintypical commute
- 15%work from home
What residents work in
Employed residents by industry, from the Census survey. Isle of Wight County had 9,852 jobs in 2025, 2.1% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 49° and lows near 31°; warmest in July, with highs near 88° and lows near 70°. About 45 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Newport News International Airport weather station, 13 miles away (NOAA).
Largest workplaces in Smithfield
- Smithfield NorthProcessed meats manufacturing901
- Isle of Wight County Public SchoolsSchool district785FTE
- Smithfield FoodsSausage and similar cased products made from purchased carcasses150
- Riverside LLH & Rehavilitation SmithfieldSkilled nursing facilities105
- Food LionGrocery stores99
- ABM IndustriesService to buildings and dwellings42
- Terminix SEVAPest control services39
- James River MechanicalIndustrial building construction, general contractors33
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 9 workplaces with 20 or more staff, 1,417 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- HurricanesRelatively high
- Winter weatherRelatively high
- DroughtRelatively moderate
- Ice stormsRelatively moderate
- LightningRelatively moderate
- HailRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Smithfield’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Isle of Wight County and the Virginia Beach-Norfolk-Newport News, VA-NC metro.
Smithfield home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Smithfield$402,631
- Virginia$412,252
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Smithfield listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Smithfield30.46%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Smithfield90
New listings per month
Sellers arriving at the market.
- Smithfield24
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Smithfield$450,440
- United States$371,407
Zip codes with a Smithfield address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Smithfield — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.