Simpsonville, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Simpsonville Neighborhoods Since 2000




Simpsonville, SC 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 20,736, 7,627 total housing units (homes and apartments), and a median house value of $186,618, 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 71.42% of the city's housing units. Other types of housing that are prevalent in Simpsonville include large apartment complexes or high rise apartments ( 20.48%), mobile homes or trailers ( 3.75%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.76%).

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 66.07% of Simpsonville's homes, and 67.98% 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 ( 28.93%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.66%). There's also some housing in Simpsonville built before 1939 ( 2.20%).

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 14.31%, which ranks in the top 30% nationwide. This equates to an annual average Simpsonville house appreciation rate of 1.35%.

Appreciation rates are so strong in Simpsonville that despite a nationwide downturn in the housing market, Simpsonville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Simpsonville appreciation rates continue to be some of the highest in America, at 8.69%, which is higher than appreciation rates in 89.66% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Simpsonville. Simpsonville appreciation rates in the latest quarter were at 1.93%, which equates to an annual appreciation rate of 7.93%.

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 South Carolina, our data show that Simpsonville's latest annual appreciation rate is higher than 80% 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:
$186,618

Simpsonville, SC HOME PRICES

Value Range
> $1,175,000 0.5
$882,001 - $1,175,000 0.3
$588,001 - $882,000 0.1
$470,001 - $588,000 0.4
$353,001 - $470,000 3.7
$235,001 - $353,000 15.5
$118,001 - $235,000 56.5
$59,001 - $118,000 18.5
$0 - $59,000 4.6

Very High for SC
High for Nation

Value Relative to Nation Value Relative to State
35.8549162076644 15.2416356877323

Number Of Homes And Apartments:
7,627

Simpsonville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
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
29.70% 1.52% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,057 / per month

Homeownership Rate

Homeownership
Owners 66.07
Renters 33.93
Vacant 9.38

Housing Market Details

 

Age of Homes

AGE OF Simpsonville HOMES
2000 or Newer 28.9
1970 - 1999 60.2
1940 - 1969 8.7
1939 or Older 2.2

Types of Homes

TYPE OF Simpsonville HOMES
Single-Family 71.4
Townhomes 1.6
Small Apt. Buildings 2.8
Apt. Complexes 20.5
Mobile Homes 3.8
Other 0.0

Home Size

SIZE OF Simpsonville HOMES
No Bedroom 1.40
1 Bedroom 5.28
2 Bedrooms 22.58
3 Bedrooms 47.85
4 Bedrooms 20.13
5 or more bedrooms 2.77