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Simpsonville, KY—40067

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$399,000
3.2% YoY Growth
Household Income
$93,900
7.4% YoY Growth
Days on Market
54
29.0% Shorter YoY
Home Price Forecast
0.8%
Median Rent
$1,800
43.8% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$1,800
N/A
3-Bed Rent
N/A
N/A

Other Zip Codes in Simpsonville, KY

40023
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Simpsonville, KY

As of Dec '25, the median home price in Simpsonville, KY is $399,000, 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 TypeMedian Home ValueYoY % Change
All Homes
$399,0003.2%
Single Family $417,0003.2%
Condos $224,0005.7%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$230,0005.0%
    3 Bed
    		$331,0001.8%
    4 Bed
    		$559,0002.6%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.6%
    1 Bedroom
    1.6%
    2 Bedrooms
    21.7%
    3 Bedrooms
    45.9%
    4 Bedrooms
    22.4%
    5+ Bedrooms
    7.8%

    Rental Trends — Simpsonville, KY

    As of July '25, Rentcast reports the average rent in Simpsonville, KY is $1,800, with a year-over-year rent change of -43.8%. Per bedroom, the median rent as of July '25 in Simpsonville, KY is 2-bedrooms: $1,800. The most common rental property sizes in Simpsonville, KY are 2-bedroom and 3-bedroom, accounting for 61.1% and 25.1% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,800$1,800
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $1,800$1,800
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    7.9%
    2 Bedrooms
    61.1%
    3 Bedrooms
    25.1%
    4 Bedrooms
    5.8%

    Property Listings — Simpsonville, KY

    As of Dec '25, Realtor.com reports that the median days on market for a home in Simpsonville, KY is 38. This is a decrease of -51.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$447,000-6.0%
    Listing Count
    		20103.0%
    Listings as % of Homes0.4%103.0%
    Days on Market
    		54-29.0%
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    Demographics — Simpsonville, KY

    As of the latest ACS Survey released in 2023, Simpsonville, KY has a population of 6,250, which has increased by 2.8% over the past 5 years. Simpsonville, KY is a moderately popular place for families, as children make up 19.9% of the population. The area has a moderately educated workforce, with 38.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		6,2502.8%
    % Under 18
    		19.9%-13.5%
    % Seniors
    		17.6%34.4%
    % WFH
    		10.9%101.9%
    % w/ College Degree
    		38.5%11.0%
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    As of the latest ACS Survey released in 2023, Simpsonville, KY is a predominantly white area, with 83.4% of the population identifying as white. The white population has grown by 4.0% in the last 5 years. The second most common race or ethnicity in Simpsonville, KY is hispanic, making up 7.6% of the population. Foreign-born residents account for 4.4% of the population in Simpsonville, KY, and this percentage has decreased by 27.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		83.4%4.0%
    % Black
    		2.9%-51.7%
    % Hispanic
    		7.6%4.1%
    % Asian
    		0.5%-64.3%
    % Foreign Born
    		4.4%-27.9%
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    Mortgage and Risk — Simpsonville, KY

    According to HUD data as of 2023, there were 149 mortgage originations in Simpsonville, KY, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 44.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Simpsonville, KY. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		149
    % Conventional Loans
    		96.0%
    % Government Loans
    		4.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		14.0%
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    Rentals and Section 8 — Simpsonville, KY

    Simpsonville, KY lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		4
    Total Units Section 8
    		4
    % Rentals under Section 8
    		1.1%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,290
    2 Bedroom-$280$1,800$1,520
    3 BedroomN/AN/A$1,940
    4 BedroomN/AN/A$2,230

    Affordability — Simpsonville, KY

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4
    Median Home Price$399,000
    Median Household Income$93,900

    Simpsonville, KY — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Finchville, KY

    40022

    Simpsonville, KY

    40023

    Hurstbourne, Louisville, KY

    40245

    Crestwood, KY

    40014

    Pewee Valley, KY

    40056

    Frequently Asked Questions