HomeVirginiaIsle of Wight CountySmithfield town
Smithfield town, Virginia: commercial real estate data.
Smithfield town 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.
76 sourced place values · tier FULL · 8 sections · 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$170,000
- Ninetieth percentile approval$1,393,000
- 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
A charge-off rate is not published here. only 1 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
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$383,000
- Largest approval$2,548,000
- Jobs supported34
- Loans with a final outcome1
- Charged off0
- Median term300 months
- Distinct CDCs2
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Isle of Wight County, not Smithfield
Isle of Wight County context, not Smithfield figures
These are Isle of Wight County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Smithfield measurements.
- Establishments in Isle of Wight County766
- Employment at those establishments, Isle of Wight County9,183
- Covered employment, Isle of Wight County10,060
- Average annual pay, Isle of Wight County$58,356
- Average weekly wage, Isle of Wight County$1,122
- Housing units permitted, Isle of Wight County257
- Of those, single family, Isle of Wight County257
- County product, 2024, Isle of Wight County$1,653,479,000
- County product change over the prior year, Isle of Wight County-15.8 percent
- Average income of an arriving household, Isle of Wight County$77,817
Every figure in this section is published for Isle of Wight County as a whole and is not a measurement of Smithfield. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
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 totalling $5.4 m, across 10 lenders, median approval $170,000, plus 6 504 approvals worth $4.2 m. 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 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Smithfield figures?
No, and they are labelled 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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