Simpsonville, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Simpsonville Neighborhoods Since 2000




Simpsonville, KY Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Simpsonville Housing Market Information

With a population of 2,702, 963 total housing units (homes and apartments), and a median house value of $283,555, Simpsonville real estate is some of the most expensive in Kentucky, although Simpsonville home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Simpsonville, accounting for 76.67% of the city's housing units. Other types of housing that are prevalent in Simpsonville include duplexes, homes converted to apartments or other small apartment buildings ( 9.25%), row houses and other attached homes ( 8.07%), and a few large apartment complexes or high rise apartments ( 6.00%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Simpsonville. Owner-occupied housing accounts for 65.52% of Simpsonville's homes, and 73.72% have either three or four bedrooms, which is average sized relative to America.

Simpsonville homes and real estate are some of the newest in America. 46.75% of Simpsonville's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Simpsonville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 38.29%), and between 1940-1969 ( 11.42%). There's also some housing in Simpsonville built before 1939 ( 3.54%).

Simpsonville Home Appreciation Rates

Appreciation rates for homes in Simpsonville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.01%, which ranks in the top 40% nationwide. This equates to an annual average Simpsonville house appreciation rate of 0.58%.

NeighborhoodScout's data show that during the latest twelve months, Simpsonville's appreciation rate, at 4.04%, has been at or slightly above the national average. In the latest quarter, Simpsonville's appreciation rate has been 1.69%, which annualizes to a rate of 6.95%.

Importantly, this makes Simpsonville one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Kentucky, our data show that Simpsonville's latest annual appreciation rate is higher than 50% of the other cities and towns in Kentucky.

Average Home Values

 

Median Home Value:
$283,555

Simpsonville, KY HOME PRICES

Value Range
> $1,112,000 0.8
$834,001 - $1,112,000 2.6
$556,001 - $834,000 5.4
$444,001 - $556,000 19.5
$333,001 - $444,000 8.4
$222,001 - $333,000 17.9
$111,001 - $222,000 37.3
$55,001 - $111,000 4.8
$0 - $55,000 3.3

Very High for KY
Very High for Nation

Value Relative to Nation Value Relative to State
18.0885972108285 2.5062656641604

Number Of Homes And Apartments:
963

Simpsonville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KY*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
31.86% 1.62% 4 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,091 / per month

Homeownership Rate

Homeownership
Owners 65.52
Renters 34.48
Vacant 5.22

Housing Market Details

 

Age of Homes

AGE OF Simpsonville HOMES
2000 or Newer 46.8
1970 - 1999 38.3
1940 - 1969 11.4
1939 or Older 3.5

Types of Homes

TYPE OF Simpsonville HOMES
Single-Family 76.7
Townhomes 8.1
Small Apt. Buildings 9.3
Apt. Complexes 6.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Simpsonville HOMES
No Bedroom 0.00
1 Bedroom 3.94
2 Bedrooms 19.19
3 Bedrooms 52.26
4 Bedrooms 21.46
5 or more bedrooms 3.15