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Simsboro

Learn about the people, housing, costs and businesses in Simsboro, Louisiana

Median Home$121,500
Median Rent$943/month
Population813
Leading IndustriesManufacturing · Information & Media · Wholesale Trade3% manufacturing
Home Value Growth-0.4% over 2 years
Retirees22% of residentsnear the national average
Homeowners70% of occupied units
NotableVeteran Community13% of residents · top 4% nationally
Simsboro
LA

Frequently Asked Questions

What are today's mortgage rates in Simsboro?

As of today, the 30-year fixed mortgage rate for Simsboro is approximately 6.846% (6.880% 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 Simsboro?

The median home value in Simsboro is $122k. The median monthly rent is $943. Annual property taxes average $401. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Simsboro?

Home values in Simsboro have decreased 0.4% over the past two years. Buyers may find more negotiating room in this market. 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 Simsboro?

Based on a typical all-in ownership cost of $696/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Simsboro is $43k/year.

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What industries drive the economy in Simsboro?

The largest employment sectors in Simsboro are public administration (15%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.