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Simpson

Learn about the people, housing, costs and businesses in Simpson, Illinois

Median Home$208,800
Median Rent$1,255/month
Population45
Leading IndustriesConstruction · Agriculture & Mining · Finance & Insurance11% construction
Home Value Growth⬆⬆⬆+29.9% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners94% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Simpson
IL

Frequently Asked Questions

What are today's mortgage rates in Simpson?

As of today, the 30-year fixed mortgage rate for Simpson is approximately 6.994% (7.003% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Simpson?

The median home value in Simpson is $209k. The median monthly rent is $1,255. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Simpson?

Home values in Simpson have increased 29.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Simpson?

Based on a typical all-in ownership cost of $788/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Simpson is $69k/year.

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What industries drive the economy in Simpson?

The largest employment sectors in Simpson are public administration (24%) and agriculture and mining (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.