Simpsonville, SC 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 Q1 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

Simpsonville, SC Housing Market Trends

With a population of 24,221, 8,464 total housing units (homes and apartments), and a median house value of $218,170, Simpsonville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Simpsonville, accounting for 75.53% of the city's housing units. Other types of housing that are prevalent in Simpsonville include large apartment complexes or high rise apartments ( 15.69%), duplexes, homes converted to apartments or other small apartment buildings ( 4.22%), and a few mobile homes or trailers ( 3.10%).

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 74.57% of Simpsonville's homes, and 67.81% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Simpsonville 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 Simpsonville built between 2000 and later ( 38.00%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.13%). There's also some housing in Simpsonville built before 1939 ( 2.75%).

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 42.97%, which ranks in the top 40% nationwide. This equates to an annual average Simpsonville house appreciation rate of 3.64%.

Over the last year, Simpsonville appreciation rates have trailed the rest of the nation. In the last twelve months, Simpsonville's appreciation rate has been 5.19%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Simpsonville were at 1.84%, which equates to an annual appreciation rate of 7.56%.

Relative to South Carolina, our data show that Simpsonville's latest annual appreciation rate is lower than 60% of the other cities and towns in South Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Simpsonville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Simpsonville - 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 Simpsonville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$218,170

Simpsonville, SC HOME PRICES

> $1,217,000
0.3%
0.3%
$913,001 - $1,217,000
0.1%
0.1%
$609,001 - $913,000
0.7%
0.7%
$487,001 - $609,000
1.4%
1.4%
$365,001 - $487,000
7.0%
7.0%
$243,001 - $365,000
24.3%
24.3%
$122,001 - $243,000
51.4%
51.4%
$61,001 - $122,000
9.5%
9.5%
$0 - $61,000
5.3%
5.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for SC

Value Relative To Nation

Number Of Homes And Apartments:
8,464

Simpsonville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
57.79% 2.17%
5
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,308 / per month

Homeownership Rate

Owners
74.6%
74.6%
Renters
25.4%
25.4%
Vacant
6.4%
6.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
38.0%
38.0%
1970 - 1999
52.1%
52.1%
1940 - 1969
7.1%
7.1%
1939 or Older
2.8%
2.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
75.5%
75.5%
Townhomes
1.5%
1.5%
Small Apt. Buildings
4.2%
4.2%
Apt. Complexes
15.7%
15.7%
Mobile Homes
3.1%
3.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.5%
0.5%
1 Bedroom
7.6%
7.6%
2 Bedrooms
18.0%
18.0%
3 Bedrooms
47.2%
47.2%
4 Bedrooms
20.6%
20.6%
5 or more bedrooms
6.1%
6.1%
0.0% 100.0%
% OF HOMES