Simsbury, CT—06070
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Simsbury, CT
As of Oct '25, the median home price in Simsbury, CT is $514,000, with a year-over-year change of 4.6%. This indicates that home prices in Simsbury, CT are increasing. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $514,000 | 4.6% |
| Single Family | $533,000 | 4.9% |
| Condos | $321,000 | 4.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $314,000 | 4.3% |
3 Bed | $458,000 | 3.6% |
4 Bed | $575,000 | 5.1% |
| 5 Bed | $720,000 | 3.3% |
% of Housing Stock
Rental Trends — Simsbury, CT
Simsbury, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $3,340 |
| Studio Rent | $1,950 | $1,950 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,350 | $2,660 |
| 3 Bed Rent | $2,850 | $3,000 |
| 4 Bed Rent | $9,490 | $9,490 |
% of Rental Stock
Property Listings — Simsbury, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Simsbury, CT is 30. This is a increase of 7.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $532,000 | 17.0% |
Listing Count | 45 | 15.0% |
| Listings as % of Homes | 0.7% | 15.0% |
Days on Market | 30 | 7.0% |
Demographics — Simsbury, CT
As of the latest ACS Survey released in 2023, Simsbury, CT has a population of 15,400, which has decreased by -2.1% over the past 5 years. Simsbury, CT is a popular place for families, as children make up 25.3% of the population. The area has a highly educated workforce, with 69.4% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,400 | -2.1% |
% Under 18 | 25.3% | 11.5% |
% Seniors | 19.9% | 2.6% |
% WFH | 26.2% | 215.7% |
% w/ College Degree | 69.4% | 5.0% |
As of the latest ACS Survey released in 2023, Simsbury, CT is a predominantly white area, with 80.9% of the population identifying as white. The white population has shrunk by 7.6% in the last 5 years. The second most common race or ethnicity in Simsbury, CT is hispanic, making up 7.0% of the population. Foreign-born residents account for 7.6% of the population in Simsbury, CT, and this percentage has decreased by 18.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 80.9% | -7.6% |
% Black | 5.1% | 131.8% |
% Hispanic | 7.0% | 37.3% |
% Asian | 3.6% | 28.6% |
% Foreign Born | 7.6% | -18.3% |
Mortgage and Risk — Simsbury, CT
According to HUD data as of 2023, there were 487 mortgage originations in Simsbury, CT, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Simsbury, CT. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 487 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Simsbury, CT
Simsbury, CT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 18 |
Total Units Section 8 | 18 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,890 |
| 2 Bedroom | $40 | $2,350 | $2,390 |
| 3 Bedroom | $30 | $2,850 | $2,880 |
| 4 Bedroom | -$6,070 | $9,490 | $3,420 |
Affordability — Simsbury, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $514,000 |
| Median Household Income | $160,000 |