Smithfield, UT


Highest Appreciating Smithfield Neighborhoods Since 2000

Smithfield, UT Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Smithfield Housing Market Information

With a population of 10,782, 3,066 total housing units (homes and apartments), and a median house value of $231,630, Smithfield real estate prices are well above average cost compared to national prices.

Smithfield is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Smithfield than is found in 98% of the communities in America.

The large homes that make up Smithfield are primarily owner-occupied ( 87.83%).

There is a lot of housing in 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 Smithfield built between 2000 and later ( 32.33%). A lesser amount of the housing stock also hails from before 1939 ( 13.78%). There's also some housing in Smithfield built between 1940-1969 ( 11.29%).

Smithfield Home Appreciation Rates

Appreciation rates for homes in Smithfield have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.90%, which ranks in the top 30% nationwide. This equates to an annual average Smithfield house appreciation rate of 1.22%.

Appreciation rates are so strong in Smithfield that despite a nationwide downturn in the housing market, Smithfield real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Smithfield appreciation rates continue to be some of the highest in America, at 8.62%, which is higher than appreciation rates in 89.42% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Smithfield. Smithfield appreciation rates in the latest quarter were at 3.43%, which equates to an annual appreciation rate of 14.45%.

Importantly, this makes Smithfield one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Utah, our data show that Smithfield's latest annual appreciation rate is higher than 60% of the other cities and towns in Utah.

Average Home Values


Median Home Value:

Smithfield, UT HOME PRICES

Value Range
> $1,153,000 0.0
$865,001 - $1,153,000 0.0
$576,001 - $865,000 0.6
$461,001 - $576,000 2.1
$346,001 - $461,000 7.8
$231,001 - $346,000 36.9
$115,001 - $231,000 46.9
$58,001 - $115,000 1.1
$0 - $58,000 4.7

Average for UT
High for Nation

Value Relative to Nation Value Relative to State
25.5595921715692 57.0469798657718

Number Of Homes And Apartments:

Smithfield Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
40.76% 2.00% 2 5
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,041 / per month

Homeownership Rate

Owners 87.83
Renters 12.17
Vacant 4.87

Housing Market Details


Age of Homes

AGE OF Smithfield HOMES
2000 or Newer 32.3
1970 - 1999 42.6
1940 - 1969 11.3
1939 or Older 13.8

Types of Homes

TYPE OF Smithfield HOMES
Single-Family 85.4
Townhomes 6.1
Small Apt. Buildings 1.8
Apt. Complexes 5.6
Mobile Homes 1.1
Other 0.0

Home Size

SIZE OF Smithfield HOMES
No Bedroom 0.56
1 Bedroom 2.61
2 Bedrooms 14.96
3 Bedrooms 25.57
4 Bedrooms 23.43
5 or more bedrooms 32.89

Popular Neighborhoods in Smithfield

Zip Codes in Smithfield, UT