Russellville, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Russellville, KY 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 Q1 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 7,056, 3,033 total housing units (homes and apartments), and a median house value of $90,683, 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 75.11% of the city's housing units. Other types of housing that are prevalent in Russellville include duplexes, homes converted to apartments or other small apartment buildings ( 13.81%), large apartment complexes or high rise apartments ( 7.93%), and a few row houses and other attached homes ( 1.59%).

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 50.28% owning and 49.72% 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 ( 41.34%). A lesser amount of the housing stock also hails from before 1939 ( 8.95%). There's also some housing in Russellville built between 2000 and later ( 4.47%).

Russellville Home Appreciation Rates

Appreciation rates for homes in Russellville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.36%, which ranks in the top 50% nationwide. This equates to an annual average Russellville house appreciation rate of 0.43%.

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 -3.52%, 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 0.56%, which equates to an annual appreciation rate of 2.24%.

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

Average Home Values

 

Median Home Value:
$90,683

Russellville, KY HOME PRICES

Value Range
> $1,018,000 0.0
$763,001 - $1,018,000 0.0
$509,001 - $763,000 0.7
$407,001 - $509,000 0.2
$305,001 - $407,000 3.2
$203,001 - $305,000 10.5
$102,001 - $203,000 34.4
$51,001 - $102,000 34.9
$0 - $51,000 16.2

Low for KY
Very Low for Nation

Value Relative to Nation Value Relative to State
83.5403726708074 62.9072681704261

Number Of Homes And Apartments:
3,033

Russellville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KY*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
26.05% 1.35% 3 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$785 / per month

Homeownership Rate

Homeownership
Owners 50.28
Renters 49.72
Vacant 8.95

Housing Market Details

 

Age of Homes

AGE OF Russellville HOMES
2000 or Newer 4.5
1970 - 1999 45.2
1940 - 1969 41.3
1939 or Older 8.9

Types of Homes

TYPE OF Russellville HOMES
Single-Family 75.1
Townhomes 1.6
Small Apt. Buildings 13.8
Apt. Complexes 7.9
Mobile Homes 1.6
Other 0.0

Home Size

SIZE OF Russellville HOMES
No Bedroom 0.00
1 Bedroom 12.19
2 Bedrooms 30.47
3 Bedrooms 39.09
4 Bedrooms 14.65
5 or more bedrooms 3.60

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Zip Codes in Russellville, KY