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Smithfield town, Virginia Demographics & Population 2026

As of 2026, Smithfield town, Virginia has a total population of 8,729, the 141st largest city in Virginia, with a median household income of $110,182, which is 21% higher than the state average. The poverty rate is 7.3%.

Smithfield town Quick Facts

Population 8,729
Median Household Income $110,182
Median Home Value $358,100
Poverty Rate 7.3%
Unemployment Rate 3.3%
Median Age 46.9 years
Homeownership Rate 82.4%
Affordability Ratio 3.3x
Bachelor's Degree or Higher 34.4%
High School Graduation Rate 94.0%
Diversity Index 44/100
Population 8,729 141st of 681
Median Income $110,182 top 30%
Poverty Rate 7.3% 42% lower national
Median Home Value $358,100 above average

How Smithfield town Compares

Economy & Housing

Employment

3.3% Unemployment Rate State: 4.3% | National: 5.2%
63.4% Labor Force Participation

Housing Overview

Owner 82.4%
Renter 17.6%
Affordability Index Affordable
3.3x home value to income ratio

People & Demographics

Diversity Index

44out of 100
Moderate Diversity

Moderate diversity with one or two groups making up the majority.

State average: 60 | National average: 60

Education

Smithfield town Rankings in Virginia

#141 Population of 681
#147 Median Income of 681
#251 Education of 681
#187 Home Value of 681

Cities Similar to Smithfield town

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Hollymead CDP8,566$121,795$413,70058.1%4.7%
Lake of the Woods CDP8,165$112,917$377,50045.2%4.8%
Fair Lakes CDP8,617$130,789$575,50065.8%5.7%
Crozet CDP9,211$121,153$526,10075.6%8.0%
Innsbrook CDP8,559$130,534$445,60065.7%4.4%

Population Overview

Smithfield town is a small city located in Virginia. The total population is 8,729. It ranks as the 141st most populous out of 681 cities and towns in Virginia.

Age Demographics

The median age in Smithfield town is 46.9 years. This is 21% higher than the state median of 38.8 years. 10.2% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Smithfield town is $110,182. This is 21% higher than the state median of $90,974. Compared to the national median of $78,538, household income here is 40% higher. The poverty rate stands at 7.3%. This is 27% lower than the state poverty rate of 9.9%. The unemployment rate is 3.3%. This is 23% lower than the state rate of 4.3%. The median home value is $358,100. Housing costs are about average than the state median of $360,700. The home-value-to-income ratio is 3.3x. 82.4% of occupied housing units are owner-occupied. This homeownership rate is 23% higher than the state average of 67.2%.

Race & Ethnicity

The largest racial or ethnic group in Smithfield town is White (non-Hispanic), making up 72.2% of the population. Black or African American residents account for 18.9%. The Hispanic or Latino population (4.5%) is well below the state average of 10.7%. The Asian population (0.5%) is well below the state average of 6.8%.

Education

34.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 17% lower than the state rate of 41.5%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 94.0%.

Data Sources & Methodology

All demographic data for Smithfield town, Virginia is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Virginia state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 681 Census-designated places in Virginia. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Smithfield town, Virginia?

Smithfield town, Virginia has a population of 8,729 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Smithfield town, VA?

The median household income in Smithfield town is $110,182, which is 40% higher the national median of $78,538.

What is the poverty rate in Smithfield town, VA?

The poverty rate in Smithfield town is 7.3%. This means approximately 626 residents live below the federal poverty line.

What is the racial makeup of Smithfield town, Virginia?

Smithfield town's population is 72.2% White, 18.9% Black, 4.5% Hispanic/Latino, and 0.5% Asian.

What is the median home value in Smithfield town, VA?

The median home value in Smithfield town is $358,100. The home-value-to-income ratio is 3.3x.

How educated is Smithfield town, Virginia?

34.4% of adults (25+) in Smithfield town hold a bachelor's degree or higher, and 13.4% hold a graduate or professional degree.