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 market also 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
Professional property management in Smithfield typically covers pricing, listings, tenant screening, rent collection, and repairs. 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. Compare the managers above and request a free quote.
Figures reflect long-term residential rentals, not short-term or vacation rentals. Commercial and other non-residential rents are not shown, but they tend to move with the local residential market, so the pattern above still points you in the right direction.
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?
Versus the national average: 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?
This market has seen rents increase, an advantage for a well-timed purchase. 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?
Roughly 19.9% of the housing is renter-occupied, 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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