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Smithfield, Virginia Demographics & Population 2026

During the 2020–2024 ACS period, Smithfield, Virginia had a total population of 8,834, the 143rd largest town in Virginia, with a median household income of $113,158, which is 21% higher than the state average. The poverty rate is 5.4%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Smithfield Quick Facts

Population 8,834
Median Household Income $113,158
Median Home Value $374,900
Poverty Rate 5.4%
Unemployment Rate 2.5%
Median Age 46.3 years
Homeownership Rate 82.3%
Affordability Ratio 3.3x
Bachelor's Degree or Higher 36.9%
High School Graduation Rate 96.1%
Diversity Index 41/100
Population 8,834 143rd of 681
Median Income $113,158 top 30%
Poverty Rate 5.4% 56% lower than national
Median Home Value $374,900 above average

How Smithfield Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population8,7298,834+1.2%
Median household income$110,182$113,158+2.7%
Median home value$358,100$374,900+4.7%

How Smithfield Compares

Economy & Housing

Household Income Distribution

Under $25K 10.2%
$25K-$50K 14.1%
$50K-$100K 20.3%
$100K+ 55.3%
Detailed income brackets
Under $10K
2.8%
$10K-$15K
3.3%
$15K-$20K
2.1%
$20K-$25K
2.0%
$25K-$30K
3.6%
$30K-$35K
0.3%
$35K-$40K
3.1%
$40K-$45K
4.6%
$45K-$50K
2.6%
$50K-$60K
3.7%
$60K-$75K
7.0%
$75K-$100K
9.7%
$100K-$125K
8.9%
$125K-$150K
6.8%
$150K-$200K
23.2%
$200K+
16.3%

Employment

2.5% Unemployment Rate State: 4.3%|National: 5.2%
62.2% Labor Force Participation

Housing Overview

Owner 82.3%
Renter 17.8%
Affordability Index Affordable
3.3x home value to income ratio
Median gross rent $1,195/mo 12.7% of median household income annually

People & Demographics

Diversity Index

41out of 100
Moderate Diversity

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

State average: 61 | National average: 61

Education

Smithfield Rankings in Virginia

#143 Population of 681
#141 Median Income of 585
#235 Education of 680
#195 Home Value of 580

Other Cities in Isle of Wight County

CityPopulationMedian IncomePovertyHome Value
Carrollton 8,436 $110,956 6.8% $423,900
Windsor 2,852 $68,661 11.7% $280,800
Benns Church 1,813 $56,151 5.0% $338,800
Rushmere 1,033 $73,750 2.6% $350,000
Camptown 834 $85,560 3.4% N/A
Carrsville 363 N/A 0.0% $242,700

Cities Similar to Smithfield

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Carrollton8,436$110,956$423,90039.9%6.8%
Hollymead8,482$118,250$435,30063.8%4.3%
Fair Lakes8,894$127,332$588,20065.5%5.5%
Fort Belvoir8,449$104,205N/A55.0%2.9%
Innsbrook8,578$129,436$463,50066.7%5.0%

Population Overview

Smithfield is a small city located in Virginia, within Isle of Wight County. The total population is 8,834. It ranks as the 143rd most populous out of 681 Census-designated places in Virginia.

Age Demographics

The median age in Smithfield is 46.3 years. This is 19% higher than the state median of 39.0 years.

Economy, Income & Housing

The median household income in Smithfield is $113,158. This is 21% higher than the state median of $93,170. It is also 40% higher than the national median of $80,734. The poverty rate stands at 5.4%. This is 45% lower than the state poverty rate of 9.9%. The unemployment rate is 2.5%. This is 41% lower than the state rate of 4.3%. The median home value is $374,900. Housing costs are 2% lower than the state median of $383,700. The home-value-to-income ratio is 3.3x. 82.3% of occupied housing units are owner-occupied. This homeownership rate is 22% higher than the state average of 67.3%.

Race & Ethnicity

The largest racial or ethnic group in Smithfield is White (non-Hispanic), making up 74.4% of the population. Black or African American residents account for 17.6%. The Hispanic or Latino population (2.1%) is well below the state average of 11.0%. The Asian population (0.3%) is well below the state average of 6.9%.

Education

36.9% of residents aged 25 and older hold a bachelor's degree or higher. This is 12% lower than the state rate of 42.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 96.1%.

Data Sources & Methodology

All demographic data for Smithfield, Virginia is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. 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. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Smithfield, Virginia?

Smithfield, Virginia has a population of 8,834 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Smithfield, VA?

The median household income in Smithfield is $113,158, which is 40% higher than the national median of $80,734.

What is the poverty rate in Smithfield, VA?

The poverty rate in Smithfield is 5.4%. This means approximately 474 residents live below the federal poverty line.

What is the racial makeup of Smithfield, Virginia?

Smithfield's population is 74.4% White, 17.6% Black, 2.1% Hispanic/Latino, and 0.3% Asian.

What is the median home value in Smithfield, VA?

The median home value in Smithfield is $374,900. The home-value-to-income ratio is 3.3x.

How educated is Smithfield, Virginia?

36.9% of adults (25+) in Smithfield hold a bachelor's degree or higher, and 13.8% hold a graduate or professional degree.