Simsbury, CT Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Simsbury, CT Housing Market Trends

With 25,395 people, 9,583 houses or apartments, and a median cost of homes of $382,023, Simsbury real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Simsbury, accounting for 75.47% of the town's housing units. Other types of housing that are prevalent in Simsbury include large apartment complexes or high rise apartments ( 10.00%), duplexes, homes converted to apartments or other small apartment buildings ( 8.82%), and a few row houses and other attached homes ( 5.63%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Simsbury. Owner-occupied housing accounts for 77.40% of Simsbury's homes, and 61.62% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Simsbury built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Simsbury built between 1940-1969 ( 39.39%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.35%). There's also some housing in Simsbury built before 1939 ( 8.34%).

Simsbury Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Simsbury, where house values have increased just 12.96%, which is annualized rate of 1.23%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Simsbury's appreciation rate, at 9.46%, has been at or slightly above the national average. In the latest quarter, Simsbury's appreciation rate has been 3.30%, which annualizes to a rate of 13.86%.

Relative to Connecticut, our data show that Simsbury's latest annual appreciation rate is lower than 80% of the other cities and towns in Connecticut.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Simsbury differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Simsbury - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Simsbury real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$382,023

Simsbury, CT HOME PRICES

> $1,144,000
1.3%
1.3%
$858,001 - $1,144,000
2.9%
2.9%
$572,001 - $858,000
12.1%
12.1%
$458,001 - $572,000
10.8%
10.8%
$343,001 - $458,000
34.8%
34.8%
$229,001 - $343,000
25.8%
25.8%
$114,001 - $229,000
10.3%
10.3%
$57,001 - $114,000
1.1%
1.1%
$0 - $57,000
1.0%
1.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for CT

Value Relative To Nation

Number Of Homes And Apartments:
9,583

Simsbury Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
40.25% 1.59%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,104 / per month

Homeownership Rate

Owners
77.4%
77.4%
Renters
22.6%
22.6%
Vacant
3.9%
3.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
10.4%
10.4%
1970 - 1999
41.9%
41.9%
1940 - 1969
39.4%
39.4%
1939 or Older
8.3%
8.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
75.5%
75.5%
Townhomes
5.6%
5.6%
Small Apt. Buildings
8.8%
8.8%
Apt. Complexes
10.0%
10.0%
Mobile Homes
0.1%
0.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.5%
1.5%
1 Bedroom
6.9%
6.9%
2 Bedrooms
20.8%
20.8%
3 Bedrooms
25.7%
25.7%
4 Bedrooms
35.9%
35.9%
5 or more bedrooms
9.3%
9.3%
0.0% 100.0%
% OF HOMES