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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 24,348 people, 8,805 houses or apartments, and a median cost of homes of $319,720, real estate costs in Simsbury are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Connecticut communities.
Single-family detached homes are the single most common housing type in Simsbury, accounting for 80.32% of the town's housing units. Other types of housing that are prevalent in Simsbury include large apartment complexes or high rise apartments ( 9.46%), row houses and other attached homes ( 5.32%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.90%).
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 83.94% of Simsbury's homes, and 67.27% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Simsbury's housing was primarily built during this period, from the '40s through the '60s. A full 43.77% of the town's housing hails from this era. Other housing ages represented in Simsbury include homes built between 1970-1999 ( 42.86%) and housing constructed before 1939 ( 9.04%). There's also some housing in Simsbury built between 2000 and later ( 4.33%).
Simsbury's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Simsbury during the period has been just -1.65%, which is lower than 80% of US communities.
Over the last year, Simsbury appreciation rates have trailed the rest of the nation. In the last twelve months, Simsbury's appreciation rate has been 0.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Simsbury were at -1.07%, which equates to an annual appreciation rate of -4.22%.
Notably, Simsbury's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Connecticut, our data show that Simsbury's latest annual appreciation rate is higher than 50% 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.
|$745,001 - $993,000||2.4|
|$496,001 - $745,000||10.5|
|$398,001 - $496,000||12.7|
|$298,001 - $398,000||33.2|
|$198,001 - $298,000||27.8|
|$99,001 - $198,000||9.9|
|$50,001 - $99,000||0.7|
|$0 - $50,000||1.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Simsbury HOMES|
|2000 or Newer||4.3|
|1970 - 1999||42.9|
|1940 - 1969||43.8|
|1939 or Older||9.0|
|TYPE OF Simsbury HOMES|
|Small Apt. Buildings||4.9|
|SIZE OF Simsbury HOMES|
|5 or more bedrooms||8.24|