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Simpsonville

Learn about the people, housing, costs and businesses in Simpsonville, Kentucky

Median Home$289,600
Median Rent$945/month
Population3,265
Leading IndustryPublic Administration27% of local workforce
Home Value Growth+10.3% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners85% of occupied units
NotableHighly Educated25% bachelor's · 15% graduate · top 18% nationally
NotableHigh Incomes$92k/year · top 23% nationally
Simpsonville
KY

Frequently Asked Questions

What are today's mortgage rates in Simpsonville?

As of today, the 30-year fixed mortgage rate for Simpsonville is approximately 6.983% (7.022% 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 Simpsonville?

The median home value in Simpsonville is $290k. The median monthly rent is $945. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Simpsonville?

Home values in Simpsonville have increased 10.3% 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 Simpsonville?

Based on a typical all-in ownership cost of $1,338/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $57k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Simpsonville is $92k/year.

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What industries drive the economy in Simpsonville?

The largest employment sectors in Simpsonville are public administration (27%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.