What percentage of people rent in Smithfield, VA?
17.7% (±5.7 points) of the occupied homes in Smithfield, VA are rented (2020–2024 American Community Survey).
That is 636 renting households against 2,948 that own their home.
In Smithfield, the share of households that rent went from 30.4% in 2015–2019 to 17.7% in 2020–2024 (−12.7 percentage points), a measurable decrease.
Figures last updated on .
- Households that rent
- 17.7% (±5.7 points)
- Renting households
- 636 (±219)
- Median renter income
- $43,618 (±$20,571)
Who rents and who owns in Smithfield
| Smithfield | Isle of Wight County | Virginia | United States | |
|---|---|---|---|---|
| Renter-occupied share | 17.7% (±5.7 points) | 19.9% (±2.6 points) | 32.7% (±0.3 points) | 34.8% |
| Renting households | 636 (±219) | 3,130 (±427) | 1,099,123 (±8,702) | 45,017,354 |
| Owning households | 2,948 (±211) | 12,626 (±435) | 2,266,609 (±13,049) | 84,210,142 |
| Average renter household size | 1.8 (±0.4) | 2.1 (±0.2) | 2.3 (±0.0) | 2.3 |
| Average owner household size | 2.6 (±0.2) | 2.6 (±0.1) | 2.6 (±0.0) | 2.6 |
| Median renter household income | $43,618 (±$20,571) | $51,587 (±$9,901) | $60,343 (±$529) | $52,966 |
| Median owner household income | $133,462 (±$26,726) | $106,442 (±$5,057) | $114,147 (±$479) | $100,009 |
In Smithfield, the renter share is not measurably different from Isle of Wight County (19.9%).
It is also lower than in Virginia (32.7%).
It is lower than the national figure (34.8%).
In Isle of Wight County, Smithfield ranks 4 of 5 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 352 of 464.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Smithfield has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 30.4% (±4.7 points) | 17.7% (±5.7 points) | −12.7 percentage points | Measurable decrease |
| Median gross rent | $925 (±$124) | $1,195 (±$150) | +29.2% | No measurable change after inflation |
| Median household income | $67,607 (±$5,529) | $113,158 (±$13,073) | +67.4% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Households that rent in places near Smithfield
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Smithfield | — | 17.7% (±5.7 points) | — |
| Benns Church | 2.9 mi | 6.7% (±7.8 points) | Lower |
| Carrollton | 5.6 mi | 30.9% (±6.1 points) | Higher |
| Rushmere | 7.5 mi | 34.2% (±15.5 points) | Not measurably different |
| Newport News | 8.8 mi | 51.8% (±1.4 points) | Higher |
| Windsor | 13 mi | 19.4% (±6.9 points) | Not measurably different |
| Bethel Manor | 14 mi | 100.0% (±3.0 points) | Higher |
| Portsmouth | 16 mi | 42.1% (±1.8 points) | Higher |
| Ivor | 16 mi | 25.5% (±12.6 points) | Not measurably different |
Nearby places with a measurably lower figure: Benns Church, VA (6.7%).
Nearby places with a measurably higher figure: Carrollton, VA (30.9%), Newport News, VA (51.8%), Bethel Manor, VA (100.0%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Isle of Wight County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Rushmere | 34.2% (±15.5 points) |
| 2 | Carrollton | 30.9% (±6.1 points) |
| 3 | Windsor | 19.4% (±6.9 points) |
| 4 | Smithfield | 17.7% (±5.7 points) |
| 5 | Benns Church | 6.7% (±7.8 points) |
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Smithfield
How many renters are there in Smithfield?
Smithfield has an estimated 636 (±219) renting households, 17.7% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Smithfield?
In Smithfield, the share of households that rent went from 30.4% in 2015–2019 to 17.7% in 2020–2024 (−12.7 percentage points), a measurable decrease.
How big are renting households in Smithfield?
A renting household in Smithfield has 1.8 people on average, against 2.6 in an owned home.
How much do renters earn in Smithfield?
The median renting household in Smithfield, VA has an income of $43,618 (±$20,571) a year, against $133,462 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Smithfield town, Virginia
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Smithfield town, Virginia
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Smithfield town, Virginia
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Smithfield town, Virginia
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Smithfield town, Virginia
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Smithfield town, Virginia (place:73200, in state:51).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Smithfield at a glance
- Median rent in Smithfield
- Rent by bedrooms in Smithfield
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- Income and affordability in Smithfield
- Home values in Smithfield
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- Property taxes in Smithfield
- Types of homes in Smithfield
- Bedrooms in Smithfield
- Age of homes in Smithfield
- Heating fuel in Smithfield
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- Crime reported to police in Smithfield
- Population growth in Smithfield
- How long people stay in Smithfield
- Crowding and facilities in Smithfield
- Virginia landlord and tenant rules
- Housing across Isle of Wight County
- Virginia places ranked by share of renters
- Housing data for every place in Virginia