Russellville, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Russellville, AL Real Estate Data


Russellville Housing Market Information

With a population of 9,847, 3,401 total housing units (homes and apartments), and a median house value of $89,335, house prices in Russellville are solidly below the national average.

Single-family detached homes are the single most common housing type in Russellville, accounting for 67.31% of the city's housing units. Other types of housing that are prevalent in Russellville include large apartment complexes or high rise apartments ( 17.06%), duplexes, homes converted to apartments or other small apartment buildings ( 9.49%), and a few mobile homes or trailers ( 5.62%).

The most prevalent building size and type in Russellville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 47.87% owning and 52.13% renting.

There is a lot of housing in Russellville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Russellville built between 1940-1969 ( 33.16%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.69%). There's also some housing in Russellville built before 1939 ( 3.68%).

Vacant housing appears to be an issue in Russellville. Fully 11.13% of the housing stock is classified as vacant. Left unchecked, vacant Russellville homes and apartments can be a drag on the real estate market, holding Russellville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Russellville Home Appreciation Rates

Real estate appreciation rates in Russellville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.59% during the period.

Over the last year, Russellville appreciation rates have trailed the rest of the nation. In the last twelve months, Russellville's appreciation rate has been -6.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Russellville were at -2.38%, which equates to an annual appreciation rate of -9.19%.

Notably, Russellville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Alabama, our data show that Russellville's latest annual appreciation rate is lower than 90% of the other cities and towns in Alabama.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Russellville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Russellville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Russellville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$89,335

Russellville, AL HOME PRICES

Value Range
> $979,000 0.0
$734,001 - $979,000 0.1
$489,001 - $734,000 0.2
$392,001 - $489,000 2.9
$294,001 - $392,000 2.1
$196,001 - $294,000 9.0
$98,001 - $196,000 33.5
$49,001 - $98,000 37.8
$0 - $49,000 13.7

Low for AL
Very Low for Nation

Value Relative to Nation Value Relative to State
84.4222430563694 63.625

Number Of Homes And Apartments:
3,401

Rent & Ownership

 

Average Market Rent:
$717 / per month

Homeownership Rate

Homeownership
Owners 47.87
Renters 52.13
Vacant 11.13

Housing Market Details

 

Age of Homes

AGE OF Russellville HOMES
2000 or Newer 6.7
1970 - 1999 56.5
1940 - 1969 33.2
1939 or Older 3.7

Types of Homes

TYPE OF Russellville HOMES
Single-Family 67.3
Townhomes 0.5
Small Apt. Buildings 9.5
Apt. Complexes 17.1
Mobile Homes 5.6
Other 0.0

Home Size

SIZE OF Russellville HOMES
No Bedroom 0.00
1 Bedroom 15.16
2 Bedrooms 25.53
3 Bedrooms 50.04
4 Bedrooms 8.02
5 or more bedrooms 1.25

Russellville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
16.84% 0.91% 2 2
* 10 is highest

Zip Codes in Russellville, AL