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📍 Smithfield, NE · Zillow ZHVI · July 2026

Average Home Price in
Smithfield, NE

Lexington, NE metro area · Gosper County County

Median Home Value
$301,128
↓ 0.6% year-over-year
vs. National Median
$410,000
Smithfield is 27% below
Est. Monthly Payment
$1,571/mo
20% down · 6.8% rate
Income Needed
$80K
gross annual (30% rule)
Median Home Value
$301,128
↓ 0.6% year-over-year
Down Payment (20%)$60,226
Monthly P&I$1,571/mo
With Taxes & Ins.~$1,995/mo
Income Needed$79,800/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Smithfield, NE

The median home value in Smithfield, NE is $301,128 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.6% compared to a year ago and up 3.4% from two years prior.

Compared to the U.S. national median of $410,000, homes in Smithfield are priced27% below average. Smithfield is part of the Lexington, NE metro area.

City Comparison

Smithfield vs. National Median

🏠 Smithfield
$301,128
National Median
$410,000

At $301,128, homes in Smithfield cost 27% 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
$60,226
on $301,128
Monthly P&I
$1,571/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,995/mo
incl. taxes & insurance
Income Needed
$79,800
gross annual (30% rule)
10% Down Option
$30,113
+ PMI applies
Loan Amount (20% dn)
$240,902
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, NE?
The median home value in Smithfield is $301,128 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.6% year-over-year.
How much have home prices changed in Smithfield?
Over the past year, home values in Smithfield have decreased by 0.6%.
How much do I need to earn to buy a home in Smithfield?
To comfortably afford the median home price of $301,128 with a 20% down payment ($60,226) at today's rates (6.8%), you'd need a gross annual income of approximately $79,800. 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 $301,128, homes in Smithfield are 27% below the national average.
What metro area is Smithfield part of?
Smithfield is part of the Lexington, NE metropolitan area. Home prices and market conditions can vary across the broader metro region.