Discover Smithfield, Rhode Island: Your Real Estate Destination
The Heart of Smithfield’s Housing Market
Unveiling the Current Market Trends
Smithfield, Rhode Island, offers a dynamic real estate environment full of potential for buyers and sellers alike. The town is currently experiencing a seller’s market, according to the latest data. As of February 2025, the Months of Inventory was just 1.53, indicating properties are selling quickly. The Sold to List Price % was an impressive 98.6%, with a Median Sold Price of $495,000, demonstrating the area’s strong demand and competitive pricing.
The Median Estimated Property Value in March 2025 reached $536,900, showing a slight month-over-month dip of 1% but a significant 12-Month Change of +8.1%, highlighting the consistent appreciation in home values.
Living in Smithfield: Quality of Life and Community
More Than Just a Place to Live
Smithfield is more than just a place to reside; it’s a lifestyle choice. The town combines suburban peace with easy access to city conveniences. The median home age is 48 years, indicating a mix of both well-established and new residences. Residents enjoy a strong sense of community, with engaged neighbors and balanced demographics.
The population density contributes to a comfortable living environment, and the town’s location allows for reasonable commute times. Smithfield is also rich in history and is close to cities like Greenville and Harmony, providing diverse lifestyle options and community experiences.
Smithfield’s Economic and Demographic Profile
Understanding the Foundation of Our Community
Smithfield’s strong economy is a key factor in its attractiveness. Residents enjoy a comfortable median household income, and the town maintains a stable employment rate. Education is highly valued, with a notable percentage of residents holding bachelor’s or graduate degrees, reflecting an educated and skilled population.
Politically, Smithfield, as part of Providence County, leans Democrat, showcasing the area’s political preferences. This combination of economic stability, educational achievement, and community involvement makes Smithfield an ideal place for individuals and families.
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