Simpson County, Kentucky Housing Market Prices
Simpson County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 12% above the Kentucky median$131,875
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Median rent 5% above the Kentucky median More expensive than 90% of counties in Kentucky$1,012
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Simpson County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $131,875 | $118,017 | $248,835 |
| Price Trend (Annual %) | 4.0% | 3.8% | 7.5% |
| Median Gross Rent | $1,012 | $967 | $1,407 |
| Rent Trend (Annual %) | 5.2% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Simpson County is about 12% higher than in Kentucky. Rent is about 5% higher than the Kentucky average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Simpson County, up about 4.0% and 5.2% a year respectively. Rent is changing faster.
Median rent in Simpson County rose about 58.1% between 2015 and 2024, from $640 to $1,012. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Simpson County.
Buying the median-priced home in Simpson County costs roughly 10.9 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Simpson County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Simpson County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $131,875 | $118,017 | $248,835 |
| Median Household Income | $59,801 | $64,312 | $80,455 |
| Price-to-Income Ratio | 2.2 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Simpson County rose about 55.1%, while median household income rose about 37.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Simpson County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.0% | 61.3% | 58.5% |
| Rental Rate | 31.0% | 28.4% | 31.2% |
| Vacancy Rate | 7.0% | 10.3% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Simpson County has a homeownership rate of 62.0%, higher than the Kentucky average of 61.3%. Its housing vacancy rate is 7.0%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Simpson County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.44 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1984 | 1981 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Simpson County was built around 1984. On average, 2.4 people live in a home with about 5.7 rooms, staying for about 14.0 years on average.
Simpson County, KY Housing Compared With Nearby Counties
Simpson County, KY is the smallest of the 4 counties compared here, 19,972 residents against a local median of 140,918. The measure that sets Simpson County, KY apart most is median home price: $131,875, 59% below the local median of $320,958.
Median rent tells the same story from another angle: $1,012 against a local median of $1,198, 16% below it. The counties themselves spread $212,395 on median home price, so Simpson County, KY sits at one end of an already wide local range rather than apart from it. Simpson County, KY has the 3rd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Simpson County, KY | 19,972 | $131,875 #3/4 | $1,012 #3/4 | 66.7% #3/4 |
| Warren County, KY | 140,918 | $126,288 | $1,002 | 55.6% |
| Sumner County, TN | 204,441 | $338,684 | $1,423 | 72.0% |
| Robertson County, TN | 75,539 | $320,958 | $1,198 | 77.6% |
Frequently Asked Questions
Common questions about the housing market in Simpson County, Kentucky.
What is the median home price in Simpson County, Kentucky?
The median home price in Simpson County, Kentucky is $131,875, higher than the Kentucky average of $118,017.
What is the average home price in Simpson County, Kentucky?
The typical home price in Simpson County, Kentucky, reported as the median sale price, is $131,875. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Simpson County, Kentucky?
The median gross rent in Simpson County, Kentucky is $1,012 per month, higher than the Kentucky average of $967.
What was the median gross rent in Simpson County in 2020?
In 2020, the median gross rent in Simpson County, Kentucky was $843 per month.
What is the price-to-rent ratio in Simpson County, Kentucky?
The price-to-rent ratio in Simpson County, Kentucky is about 10.9, meaning it would take roughly 10.9 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Simpson County.
Are home prices or rent rising faster in Simpson County, Kentucky?
Both home prices and rent are rising in Simpson County, up about 4.0% and 5.2% a year respectively. Rent is changing faster.
What is the homeownership rate in Simpson County, Kentucky?
62.0% of households in Simpson County, Kentucky own their home, higher than the Kentucky average of 61.3%.
What is the vacancy rate in Simpson County, Kentucky?
The housing vacancy rate in Simpson County, Kentucky is 7.0%, lower than the Kentucky average of 10.3%.
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