Market Overview
Home Prices in Smithfield, WV
The median home value in Smithfield, WV is $65,154 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 7.4% compared to a year ago and down 4.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Smithfield are priced84% below average.
Over the past five years, Smithfield home values have fallen by approximately21.6%, reflecting softening conditions in this market.
Price History
Smithfield Home Price Trend
2020
$63,307
$63K
—
2021
$83,059
$83K
+31.2%
2022
$82,945
$83K
-0.1%
2023
$72,443
$72K
-12.7%
2024
$73,582
$74K
+1.6%
2025
$70,366
$70K
-4.4%
2026
$65,154
$65K
-7.4%
City Comparison
Smithfield vs. National Median
🏠 Smithfield
$65,154
National Median
$410,000
At $65,154, homes in Smithfield cost 84% 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
$13,031
on $65,154
Monthly P&I
$340/mo
30-yr @ 6.8%
Total Monthly Est.
~$432/mo
incl. taxes & insurance
Income Needed
$17,280
gross annual (30% rule)
10% Down Option
$6,515
+ PMI applies
Loan Amount (20% dn)
$52,123
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, WV?
The median home value in Smithfield is $65,154 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 7.4% year-over-year.
How much have home prices changed in Smithfield?
Over the past year, home values in Smithfield have decreased by 7.4%. Over five years, prices have fallen approximately 21.6%.
How much do I need to earn to buy a home in Smithfield?
To comfortably afford the median home price of $65,154 with a 20% down payment ($13,031) at today's rates (6.8%), you'd need a gross annual income of approximately $17,280. 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 $65,154, homes in Smithfield are 84% below the national average.