Simpsonville, KY—40067
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 $400,000, with a year-over-year change of 3.4%. 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 | $400,000 | 3.4% |
| Single Family | $419,000 | 3.5% |
| Condos | $226,000 | 5.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $232,000 | 5.5% |
3 Bed | $332,000 | 1.8% |
4 Bed | $560,000 | 2.6% |
| 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 $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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,800 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,800 | $1,800 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% 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 36. This is a decrease of -59.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $498,000 | -18.0% |
Listing Count | 26 | 124.0% |
| Listings as % of Homes | 0.4% | 124.0% |
Days on Market | 36 | -59.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,250 | 2.8% |
% Under 18 | 19.9% | -13.5% |
% Seniors | 17.6% | 34.4% |
% WFH | 10.9% | 101.9% |
% w/ College Degree | 38.5% | 11.0% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
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 | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,290 |
| 2 Bedroom | -$280 | $1,800 | $1,520 |
| 3 Bedroom | N/A | N/A | $1,940 |
| 4 Bedroom | N/A | N/A | $2,230 |
Affordability — Simpsonville, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $400,000 |
| Median Household Income | $93,900 |