The story of this market
The typical home in Smithfield, Rhode Island sells for about $530,000, or $272 per square foot.
Prices are up +32.5% from a year ago, so sellers still have some momentum. Homes take about 28 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,200 a month.
Monthly price momentum
Home values since 2015
+5.7%
RI · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Smithfield, Rhode Island
Smithfield's housing market remains highly competitive with low inventory and rising prices, driven by strong demand for suburban living. While sales volume is constrained by limited supply, the town's stable economic base and proximity to Providence continue to support property values.
No ARED county foreclosure postings attributed to Smithfield yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 2 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 19.7% year over year.
Homes spend a median of 30 days on market with 1.8 months of supply — a fast-moving market.
8% of listings have cut prices · homes sell at 99.77% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 4.5% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
Provides extensive walking trails and protected natural areas, serving as a key recreational asset for local residents.
A community-focused park offering open space and recreational facilities that support local outdoor activities.
Serves as a primary retail and dining hub for the town, providing essential services and commercial convenience.
Smithfield is ideal for family buyers and professionals who value a quiet, wooded suburban atmosphere while remaining within a reasonable commuting distance to the employment centers of Providence.
Smithfield schools are generally well-regarded, serving as a primary draw for families seeking a suburban educational environment within the Providence metro area.
The town is primarily served by the Route 44 corridor, providing essential highway access to Providence and surrounding suburban communities.
Smithfield offers a variety of outdoor amenities including the Smithfield Conservation Center and Deerfield Park, providing residents with extensive trail networks and green space.
The rental market is characterized by moderate demand and limited inventory, with rents showing stability despite broader regional inflationary pressures.
The local economy is anchored by a mix of retail, professional services, and proximity to the broader Providence-Warwick industrial and educational base.
Smithfield maintains steady economic momentum as a suburban hub, benefiting from its proximity to Providence and ongoing infrastructure improvements along the Route 44 corridor.
Development is focused on infrastructure upgrades and maintaining the town's suburban character while accommodating modest residential growth.
Parcels are subject to town-level property taxes and standard municipal utility districts.
The area faces standard New England climate risks, including seasonal winter storms and potential localized flooding, with insurance markets reflecting regional coastal and inland hazard profiles.
Property insurance premiums are influenced by regional New England hazard profiles, including winter storm and flood risk assessments.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Rhode Island) — Local Property Tax Assessment: Property is assessed at full and fair cash value. The tax is calculated by multiplying the assessed value by the local tax rate (mill rate). Municipalities may apply homestead exemptions or tax classifications (residential vs. commercial) as authorized by state law.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from US Census Bureau QuickFacts and ACS profiles.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.