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Smithfield, IL Home Values and Rents
The median home value in Smithfield is $58,800.
- Median home value
- $58,800
- ACS 2020-2024
- Price change, 1 year
- +8.8%
- County index, 2025
- Homeownership
- 90.3%
- IL: 67.1%
Fulton County home price trend
FHFA annual House Price Index for Fulton County, 2000 = 100, compared with Illinois
Show as a table
| Period | Fulton County |
|---|---|
| 2025 | 174 |
| 2024 | 160 |
| 2023 | 156 |
| 2022 | 146 |
| 2021 | 135 |
| 2020 | 126 |
| 2019 | 129 |
| 2018 | 122 |
| 2017 | 123 |
| 2016 | 122 |
| 2015 | 120 |
| 2014 | 122 |
| 2013 | 121 |
| 2012 | 119 |
| 2011 | 118 |
Beta
Over five years, Fulton County prices changed +37.5%, compared with +44.0% for Illinois.
Source: Federal Housing Finance Agency · Last updated 08/01/2026
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Fair Market Rents, FY2027
HUD rent standard for Fulton County, IL
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $648 | -7.8% |
| 1 bedroom | $727 | +2.7% |
| 2 bedrooms | $930 | +1.5% |
| 3 bedrooms | $1,288 | +1.1% |
| 4 bedrooms | $1,303 | +1.2% |
Frequently asked questions
- What is the median home value in Smithfield, IL?
- The median home value in Smithfield is $58,800, based on the American Community Survey 2020-2024 5-year estimates. The Illinois median is $263,300.
- Are home prices going up in Smithfield?
- Home prices in Fulton County changed +8.8% over one year and +37.5% over five years, as of 2025.