HomeVirginiaIsle of Wight CountySmithfield
Smithfield, Virginia: commercial real estate data.
Smithfield is a Census town of 8,834 people across 9.73 square miles of land, in Isle of Wight County. Median household income is $113,158, 82.3 percent of occupied homes are owned, and the SBA record carries 16 7(a) approvals to borrowers here worth $5.4 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Smithfield
What Smithfield is
- Census place typetown
- Land area9.73 sq mi
- Water area0.92 sq mi
- Population per square mile of land908
- County holding the largest share of its areaIsle of Wight County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Smithfield
How many people live in Smithfield
- Population8,834
- Median age46.3
- Population under 181,617
- Share under 1818.3 percent
- Population 65 and over1,645
- Share 65 and over18.6 percent
- Households3,584
- Family households2,428
- Share of households that are families67.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Smithfield
Income and work in Smithfield
- Median household income$113,158
- Per capita income$58,166
- Civilian labor force4,527
- Employed4,414
- Unemployed113 plus or minus 75
- Unemployment rate2.5 percent plus or minus 1.6
- Adults 25 and over6,630
- Adults 25 and over with a high school diploma or higher96.1 percent
- Adults 25 and over with a bachelor degree or higher36.9 percent
- Adults 25 and over with a graduate degree13.8 percent plus or minus 3.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Smithfield
Housing in Smithfield
- Housing units3,766
- Occupied units3,584
- Vacant units182 plus or minus 108
- Vacancy rate4.8 percent plus or minus 2.9
- Owner occupied2,948
- Renter occupied636 plus or minus 219
- Ownership rate82.3 percent
- Median owner-occupied home value$374,900
- Median gross rent, monthly$1,195
- Annual rent as a share of median income12.7 percent
- Single family units3,165
- Share single family84.0 percent
- Units in buildings of two or more569 plus or minus 188
- Share in buildings of two or more15.1 percent plus or minus 4.9
- Mobile homes32 plus or minus 33
- Median year structure built1992
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Smithfield
How Smithfield gets to work
- Workers 16 and over who commute3,730
- Commuting under 15 minutes837 plus or minus 223
- Share commuting under 15 minutes22.4 percent plus or minus 5.6
- Commuting 30 minutes or more1,928
- Share commuting 30 minutes or more51.7 percent
- Drove alone74.2 percent
- Carpooled7.7 percent plus or minus 2.9
- Public transport0.1 percent plus or minus 0.2
- Walked2.2 percent plus or minus 1.9
- Worked from home15.2 percent plus or minus 5.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Smithfield
SBA loans in Smithfield (7(a))
- Approvals16
- Gross approval$5,437,900
- Average approval$339,869
- Median approval$160,000
- Largest approval$1,494,500
- Jobs supported166
- Jobs per approval10.4
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more25.0 percent
- Share to franchises25.0 percent
- Distinct lenders10
- Distinct industries by NAICS10
Counted by borrower city: approvals to borrowers whose address is in Smithfield, in any county, FY2020 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Smithfield
SBA loans in Smithfield (504)
- Approvals6
- Gross approval$4,220,000
- Average approval$703,333
- Median approval$375,500
- Largest approval$2,548,000
- Jobs supported34
- Loans with a final outcome1
- Charged off0
- Median term300 months
- Distinct CDCs2
Counted by borrower city: approvals to borrowers whose address is in Smithfield, in any county, FY2010 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Smithfield
Flood risk in Smithfield
- NFIP communityTown of Smithfield
- NFIP community number510081
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date01/09/26
The Town of Smithfield participates in the National Flood Insurance Program as community 510081 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Isle of Wight County, not Smithfield
Isle of Wight County context, not Smithfield figures
- Establishments in Isle of Wight County766
- Covered employment, Isle of Wight County10,060
- Average annual pay, Isle of Wight County$58,356
- Housing units permitted, Isle of Wight County257
Every figure in this section is published for Isle of Wight County as a whole and is not a measurement of Smithfield.
All Isle of Wight County figures →
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Smithfield questions, answered from the record.
How many people live in Smithfield, Virginia?
8,834, in 3,584 households. Smithfield town covers 9.73 square miles of land, which is 908 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Smithfield in?
Isle of Wight County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Smithfield?
$113,158. The median owner-occupied home is valued at $374,900. Median gross rent is $1,195 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Smithfield businesses?
16 7(a) approvals totaling $5.4 m since FY2020, across 10 lenders, median approval $160,000, plus 6 504 approvals worth $4.2 m since FY2010. These count approvals to borrowers whose address is in Smithfield, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Smithfield borrowers get paid back?
No rate is published for Smithfield. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Smithfield in the National Flood Insurance Program?
Yes. Smithfield appears in the FEMA Community Status Book as Smithfield, town of, community 510081, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Smithfield figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Isle of Wight County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Smithfield.
Is zoning published for Smithfield?
No. Nothing on this page presents parcel level zoning.
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