Simpsonville, KY—40023
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Simpsonville, KY
Home Price Trends — Simpsonville, KY
As of Oct '25, the median home price in Simpsonville, KY is $519,000, with a year-over-year change of 3.2%. This indicates that home prices in Simpsonville, KY are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $519,000 | 3.2% |
| Single Family | $519,000 | 2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $460,000 | 3.6% |
4 Bed | $575,000 | 1.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Simpsonville, KY
As of July '25, Rentcast reports the average rent in Simpsonville, KY is $2,750, with a year-over-year rent change of 7.8%. Per bedroom, the median rent as of July '25 in Simpsonville, KY is 3-bedrooms: $2,840, 4-bedrooms: $2,700. The most common rental property sizes in Simpsonville, KY are 4-bedroom and 2-bedroom, accounting for 41.8% and 40.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,840 | $2,750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,840 | $2,840 |
| 4 Bed Rent | $2,500 | $2,700 |
% of Rental Stock
Property Listings — Simpsonville, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Simpsonville, KY is 45. This is a decrease of -14.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $677,000 | 2.0% |
Listing Count | 69 | 43.0% |
| Listings as % of Homes | 1.0% | 43.0% |
Days on Market | 45 | -14.0% |
Demographics — Simpsonville, KY
As of the latest ACS Survey released in 2023, Simpsonville, KY has a population of 6,480, which has increased by 25.2% over the past 5 years. Simpsonville, KY is a popular place for families, as children make up 25.2% of the population. The area has a highly educated workforce, with 50.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,480 | 25.2% |
% Under 18 | 25.2% | 0.8% |
% Seniors | 15.9% | 18.7% |
% WFH | 18.3% | 177.3% |
% w/ College Degree | 50.1% | 17.1% |
As of the latest ACS Survey released in 2023, Simpsonville, KY is a predominantly white area, with 84.1% of the population identifying as white. The white population has shrunk by 11.4% in the last 5 years. The second most common race or ethnicity in Simpsonville, KY is black, making up 7.1% of the population. Foreign-born residents account for 3.0% of the population in Simpsonville, KY, and this percentage has increased by 150.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 84.1% | -11.4% |
% Black | 7.1% | 57.8% |
% Hispanic | 4.5% | 1,025.0% |
% Asian | 3.1% | ∞% |
% Foreign Born | 3.0% | 150.0% |
Mortgage and Risk — Simpsonville, KY
According to HUD data as of 2023, there were 113 mortgage originations in Simpsonville, KY, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Simpsonville, KY. Investor activity is low, as 0.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 113 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Simpsonville, KY
Simpsonville, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,550 |
| 2 Bedroom | N/A | N/A | $1,890 |
| 3 Bedroom | -$410 | $2,840 | $2,430 |
| 4 Bedroom | $320 | $2,500 | $2,820 |
Affordability — Simpsonville, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $519,000 |
| Median Household Income | $136,000 |