Market Overview
Home Prices in Simpson, IL
The median home value in Simpson, IL is $188,381 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.9% compared to a year ago and down 1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Simpson are priced54% below average. Simpson is part of the Carbondale-Marion, IL metro area.
Over the past five years, Simpson home values have risen by approximately29.1%, reflecting strong long-term appreciation in this market.
Price History
Simpson Home Price Trend
City Comparison
Simpson vs. National Median
At $188,381, homes in Simpson cost 54% below the national median of $410,000. This makes Simpson a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Simpson?
20% Down Payment
$37,676
on $188,381
Monthly P&I
$982/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,247/mo
incl. taxes & insurance
Income Needed
$49,880
gross annual (30% rule)
10% Down Option
$18,838
+ PMI applies
Loan Amount (20% dn)
$150,705
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Simpson, IL?
The median home value in Simpson is $188,381 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.9% year-over-year.
How much have home prices changed in Simpson?
Over the past year, home values in Simpson have increased by 6.9%. Over five years, prices have risen approximately 29.1%.
How much do I need to earn to buy a home in Simpson?
To comfortably afford the median home price of $188,381 with a 20% down payment ($37,676) at today's rates (6.8%), you'd need a gross annual income of approximately $49,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Simpson compare to the national average home price?
The national median home value is approximately $410,000. At $188,381, homes in Simpson are 54% below the national average.
What metro area is Simpson part of?
Simpson is part of the Carbondale-Marion, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.