Property Managers in Smithfield, VA
Compare top property management companies in Smithfield, VA. Review services and vetting status, then reach out or request a free quote.
Rental market in Smithfield: rising rents
In Smithfield, Census median gross rent rose about 30.0% over the last five years, rents on a clear upward path. The same data shows renters in 19.9% of homes, a population of 39,974, up 9.1% over five years, and three-bedroom rents about 1% below the U.S. average. The typical home is valued near $356,500, and the median household earns about $95,241 a year, with renters spending a median 27.2% of income on rent.
Market at a glance
Rents & affordability
People & households
Housing stock
Jobs
Day to day, property management in Smithfield usually means rent pricing, marketing, tenant screening, rent collection, and maintenance. About 81.5% of local housing is single-family, a common focus for rental owners. With vacancy near 8.0%, rent positioning and days on market can shape your return. Area unemployment is 3.6% as of August 2026. See the managers above and ask for a free quote.
Pricing shown is long-term residential, not short-term or vacation. Non-residential and commercial rents follow the same local direction as a rule, so the residential deviations above give you a fair read.
Frequently asked questions
Are rents rising in Smithfield?
Census median gross rent rose about 30.0% over the last five years.
How do rents in Smithfield compare to the national average?
Relative to the U.S. as a whole: two-bedroom -7%, three-bedroom -1%, four-bedroom +2%. Each figure compares a bedroom size to the typical U.S. rent, not a rent we set.
Is Smithfield a good market for rental property?
Rents here have risen in recent years, which can favor owners who buy at the right price. Renters make up 19.9% of households and vacancy sits near 8.0%. Three-bedroom rents run about 1% below the national average, and rents rose about 30.0% over five years.
How strong is rental demand in Smithfield?
Renters occupy 19.9% of homes, and the population of 39,974 grew 9.1% over five years. Vacancy runs near 8.0%.
Rent shown as a deviation from the typical U.S. rent, a national average weighted by renter population, from HERO and HUD reference data. Demographics, population, and rent trend from the U.S. Census Bureau ACS 2020-2024 5-year estimates at the county level, with the five-year trend measured against the 2015-2019 estimates. Unemployment from the U.S. Bureau of Labor Statistics (August 2026).

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