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 12,485 people, 4,560 houses or apartments, and a median cost of homes of $333,857, 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 72.21% of the town's housing units. Other types of housing that are prevalent in North Smithfield include large apartment complexes or high rise apartments ( 11.67%), duplexes, homes converted to apartments or other small apartment buildings ( 10.45%), and a few row houses and other attached homes ( 5.66%).
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 77.57% of North Smithfield's homes, and 60.87% 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 ( 27.70%). A lesser amount of the housing stock also hails from before 1939 ( 25.29%). There's also some housing in North Smithfield built between 2000 and later ( 14.78%).
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 1.97% during the period.
NeighborhoodScout's data show that during the latest twelve months, North Smithfield's appreciation rate, at 4.76%, has been at or slightly above the national average. In the latest quarter, North Smithfield's appreciation rate has been 1.59%, which annualizes to a rate of 6.51%.
Relative to Rhode Island, our data show that North Smithfield's latest annual appreciation rate is lower than 70% of the other cities and towns in Rhode Island.
|$881,001 - $1,174,000||0.0|
|$587,001 - $881,000||4.3|
|$469,001 - $587,000||7.8|
|$352,001 - $469,000||33.6|
|$235,001 - $352,000||40.8|
|$117,001 - $235,000||9.5|
|$59,001 - $117,000||0.8|
|$0 - $59,000||2.2|
|Value Relative to Nation||Value Relative to State|
|AGE OF North Smithfield HOMES|
|2000 or Newer||14.8|
|1970 - 1999||32.2|
|1940 - 1969||27.7|
|1939 or Older||25.3|
|TYPE OF North Smithfield HOMES|
|Small Apt. Buildings||10.5|
|SIZE OF North Smithfield HOMES|
|5 or more bedrooms||3.59|