Living in Simpson, PA
Simpson, Pennsylvania, is a quaint borough located in Lackawanna County. It offers a blend of small-town charm and access to some outdoor recreational areas, making it an appealing location for families and individuals seeking a peaceful lifestyle. With its proximity to larger cities, residents can enjoy both tranquility and urban conveniences.
Current Market Conditions in Simpson, PA
The real estate market in Simpson has shown signs of stability over recent months, with a gradual increase in property values as demand slowly rises. While initially lagging, the market is seeing more interest from buyers due to affordability compared to neighboring areas, thus driving prices upward moderately as homes become increasingly attractive.
Trends indicate that home sales are on the rise, with more listings becoming available. As the borough is seen as a hidden gem, buyers are starting to recognize its potential for investment, leading to a more competitive market landscape.
Home Value Estimator For Simpson, PA
There are currently 504 real estate properties
in Simpson, PA,
with a median automated valuation model (AVM) price
of $118,082.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Simpson, PA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Simpson, PA,
is $130,778.00, with the most expensive house
in Simpson, PA, topping out
at $1,181,100.00 and the cheapest home
in Simpson, PA,
clocking in at $12,009.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Simpson, PA!
Rent Prices
In Simpson, PA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Simpson, PA, is on
a rollercoaster ride. The
average rent price in Simpson, PA,
is $957.00. Indeed, when looking to rent in
Simpson, PA, you can expect to pay as little
as $680.00 or as much
as $1,410.00,
with the average rent median estimated to
be $940.00. The good news is that finding
an affordable and desirable property to rent in Simpson, PA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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