Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 12,314 people, 4,619 houses or apartments, and a median cost of homes of $318,179, real estate costs in North Smithfield are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Rhode Island communities.
Single-family detached homes are the single most common housing type in North Smithfield, accounting for 64.72% of the town's housing units. Other types of housing that are prevalent in North Smithfield include large apartment complexes or high rise apartments ( 14.28%), duplexes, homes converted to apartments or other small apartment buildings ( 14.28%), and a few row houses and other attached homes ( 6.73%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in North Smithfield. Owner-occupied housing accounts for 71.75% of North Smithfield's homes, and 51.70% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. North Smithfield's housing was primarily built during this period, from the '40s through the '60s. A full 28.34% of the town's housing hails from this era. Other housing ages represented in North Smithfield include homes built between 1970-1999 ( 28.10%) and housing constructed before 1939 ( 25.10%). There's also some housing in North Smithfield built between 2000 and later ( 18.45%).
North Smithfield's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in North Smithfield during the period has been just -1.70%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, North Smithfield's appreciation rate, at 3.94%, has been at or slightly above the national average. In the latest quarter, North Smithfield's appreciation rate has been 0.64%, which annualizes to a rate of 2.59%.
Relative to Rhode Island, our data show that North Smithfield's latest annual appreciation rate is lower than 80% of the other cities and towns in Rhode Island.
|$832,001 - $1,109,000||0.0|
|$555,001 - $832,000||4.5|
|$444,001 - $555,000||9.9|
|$333,001 - $444,000||30.6|
|$222,001 - $333,000||36.1|
|$111,001 - $222,000||14.6|
|$55,001 - $111,000||0.8|
|$0 - $55,000||3.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF North Smithfield HOMES|
|2000 or Newer||18.5|
|1970 - 1999||28.1|
|1940 - 1969||28.3|
|1939 or Older||25.1|
|TYPE OF North Smithfield HOMES|
|Small Apt. Buildings||14.3|
|SIZE OF North Smithfield HOMES|
|5 or more bedrooms||3.86|