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Simpsonville, KY—40023

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$518,000
2.8% YoY Growth
Household Income
$136,000
23.9% YoY Growth
Days on Market
64
15.0% Shorter YoY
Home Price Forecast
1.0%
Median Rent
$2,840
7.8% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$2,840
N/A

Other Zip Codes in Simpsonville, KY

40067
  • 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 $518,000, with a year-over-year change of 2.8%. This indicates that home prices in Simpsonville, KY are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$518,0002.8%
Single Family $518,0002.2%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$457,0003.2%
    4 Bed
    		$576,0000.7%
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    2.3%
    2 Bedrooms
    2.4%
    3 Bedrooms
    40.6%
    4 Bedrooms
    33.8%
    5+ Bedrooms
    20.8%

    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.

    TypeMedian RentAverage Rent
    Average Rent$2,840$2,750
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent $2,840$2,840
    4 Bed Rent $2,500$2,700
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    % of Rental Stock

    2 Bedrooms
    40.3%
    3 Bedrooms
    17.9%
    4 Bedrooms
    41.8%

    Property Listings — Simpsonville, KY

    As of Dec '25, Realtor.com reports that the median days on market for a home in Simpsonville, KY is 52. This is a decrease of -19.0% 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 7.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$700,0002.0%
    Listing Count
    		4926.0%
    Listings as % of Homes1.0%26.0%
    Days on Market
    		64-15.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		6,48025.2%
    % Under 18
    		25.2%0.8%
    % Seniors
    		15.9%18.7%
    % WFH
    		18.3%177.3%
    % w/ College Degree
    		50.1%17.1%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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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
    		N/A
    Total Units Section 8
    		N/A
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,550
    2 BedroomN/AN/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

    MetricZip Code Average
    Home Price to Income Ratio3.6
    Median Home Price$518,000
    Median Household Income$136,000

    Simpsonville, KY — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Simpsonville, KY

    40067

    Finchville, KY

    40022

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    40299

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    40245

    Taylorsville, KY

    40071

    Frequently Asked Questions