Is Smithfield a good market for short-term rental investment in 2026?

Yes, Smithfield offers a balanced investment opportunity with modest 2.7% home appreciation, tight housing inventory, and steady demand. The Northeast market is expected to see 1-2% national price growth in 2026, with supply-constrained markets like Rhode Island supporting price stability and rental income consistency.

What drives demand for short-term rentals in Smithfield?

Demand is driven by Providence-area business travelers, regional leisure visitors, and temporary relocations from major Northeast metros including New York, Hartford, and Springfield. The community's proximity to employment centers and coastal attractions supports year-round occupancy potential.

How competitive is the Smithfield housing market for investors?

The market is very competitive with homes selling in approximately 24 days on average and many properties receiving multiple offers. This competitive environment reflects strong underlying demand and limited supply, which supports both appreciation and rental income stability for short-term rental operators.

Short Term Rental Investment Properties for Sale in Smithfield, RI

Property at 99 Indian Run Trl, Smithfield, RI

2 Bed
2 Bath
1536 sft

99 Indian Run Trl, Smithfield, RI, 02917

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Why Invest in Smithfield, Rhode Island?

Smithfield, RI offers a compelling short-term rental opportunity in a supply-constrained Northeast market with steady demand from Providence-area commuters and regional travelers. The median home value of approximately $500K combined with modest 2.7% annual appreciation creates favorable entry conditions for investors seeking stable cash flow over rapid appreciation. Strong rental demand supports consistent occupancy, while the competitive housing market with 24-day average sale pending times reflects underlying scarcity that protects long-term asset values. Limited new construction and zoning constraints in Rhode Island continue to support rental rate stability and cap rate resilience.

5.8%

Avg. ROI

4.2%

Rental Yield

6.1%

Cap Rate

$1850/mo

Avg. Cash Flow

$1750/mo

Avg. Rent

2.7%

1Y Appreciation

Frequently Asked Questions

Short-term rental yields in Smithfield average 4.2% annually, supported by strong regional demand from Providence-area commuters and Northeast travelers. The combination of limited housing supply and steady visitor traffic creates favorable conditions for consistent occupancy and rate stability.

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