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Sims Chapel

Learn about the people, housing, costs and businesses in Sims Chapel, Alabama

Median Home$173,453
Median Rent$488/month
Population165
Leading IndustriesRetail · Finance & Insurance · Information & Media31% retail
Home Value Growth⬆⬆⬆+30.9% over 2 years
Young Adults29% of residentsslightly above average
Homeowners86% of occupied units
Sims Chapel
AL

Frequently Asked Questions

What are today's mortgage rates in Sims Chapel?

As of today, the 30-year fixed mortgage rate for Sims Chapel is approximately 6.953% (6.994% 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 Sims Chapel?

The median home value in Sims Chapel is $173k. The median monthly rent is $488. Annual property taxes average $389. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Sims Chapel?

Home values in Sims Chapel have increased 30.9% 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 Sims Chapel?

Based on a typical all-in ownership cost of $610/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $26k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Sims Chapel is $65k/year.

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What industries drive the economy in Sims Chapel?

The largest employment sectors in Sims Chapel are retail (31%) and public administration (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.