Russellville, AL


Highest Appreciating Russellville Neighborhoods Since 2000

Russellville, AL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Russellville Housing Market Information

With a population of 9,847, 3,401 total housing units (homes and apartments), and a median house value of $89,629, 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

Russellville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Russellville during the period has been just -0.73%, which is lower than 70% of US communities.

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 -3.15%, 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 -0.55%, which equates to an annual appreciation rate of -2.17%.

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:

Russellville, AL HOME PRICES

Value Range
> $977,000 0.6
$733,001 - $977,000 0.1
$489,001 - $733,000 0.2
$391,001 - $489,000 2.9
$293,001 - $391,000 2.1
$195,001 - $293,000 9.0
$98,001 - $195,000 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
85.1513554657767 64.75

Number Of Homes And Apartments:

Russellville Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
16.95% 0.90% 2 2
* 10 is highest

Rent & Ownership


Average Market Rent:
$737 / per month

Homeownership Rate

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

Zip Codes in Russellville, AL