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 a population of 12,438, 4,536 total housing units (homes and apartments), and a median house value of $299,545, North Smithfield real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in North Smithfield, accounting for 68.22% of the town's housing units. Other types of housing that are prevalent in North Smithfield include duplexes, homes converted to apartments or other small apartment buildings ( 14.63%), large apartment complexes or high rise apartments ( 12.82%), and a few row houses and other attached homes ( 4.33%).
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 74.48% of North Smithfield's homes, and 55.32% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in North Smithfield built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in North Smithfield built between 1940-1969 ( 27.71%). A lesser amount of the housing stock also hails from before 1939 ( 24.71%). There's also some housing in North Smithfield built between 2000 and later ( 13.91%).
Real estate appreciation rates in North Smithfield's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 1.05% during the period.
Over the last year, North Smithfield appreciation rates have trailed the rest of the nation. In the last twelve months, North Smithfield's appreciation rate has been 2.02%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in North Smithfield were at 0.86%, which equates to an annual appreciation rate of 3.50%.
Relative to Rhode Island, our data show that North Smithfield's latest annual appreciation rate is lower than 60% of the other cities and towns in Rhode Island.
|$875,001 - $1,167,000||0.0|
|$583,001 - $875,000||4.3|
|$467,001 - $583,000||10.3|
|$350,001 - $467,000||28.2|
|$233,001 - $350,000||39.0|
|$116,001 - $233,000||14.1|
|$58,001 - $116,000||0.8|
|$0 - $58,000||3.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
2000 Q1 - 2019 Q2
|* 10 is highest|
|AGE OF North Smithfield HOMES|
|2000 or Newer||13.9|
|1970 - 1999||33.7|
|1940 - 1969||27.7|
|1939 or Older||24.7|
|TYPE OF North Smithfield HOMES|
|Small Apt. Buildings||14.6|
|SIZE OF North Smithfield HOMES|
|5 or more bedrooms||4.55|