Market Overview
Home Prices in Smithfield, KY
The median home value in Smithfield, KY is $379,226 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.4% compared to a year ago and up 6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Smithfield are priced8% below average. Smithfield is part of the Louisville/Jefferson County, KY-IN metro area.
Over the past five years, Smithfield home values have risen by approximately36.3%, reflecting strong long-term appreciation in this market.
Price History
Smithfield Home Price Trend
City Comparison
Smithfield vs. National Median
At $379,226, homes in Smithfield cost 8% below the national median of $410,000. This makes Smithfield a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Smithfield?
20% Down Payment
$75,845
on $379,226
Monthly P&I
$1,978/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,512/mo
incl. taxes & insurance
Income Needed
$100,480
gross annual (30% rule)
10% Down Option
$37,923
+ PMI applies
Loan Amount (20% dn)
$303,381
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Smithfield, KY?
The median home value in Smithfield is $379,226 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.4% year-over-year.
How much have home prices changed in Smithfield?
Over the past year, home values in Smithfield have increased by 5.4%. Over five years, prices have risen approximately 36.3%.
How much do I need to earn to buy a home in Smithfield?
To comfortably afford the median home price of $379,226 with a 20% down payment ($75,845) at today's rates (6.8%), you'd need a gross annual income of approximately $100,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Smithfield compare to the national average home price?
The national median home value is approximately $410,000. At $379,226, homes in Smithfield are 8% below the national average.
What metro area is Smithfield part of?
Smithfield is part of the Louisville/Jefferson County, KY-IN metropolitan area. Home prices and market conditions can vary across the broader metro region.