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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Russellville, AL Real Estate Market

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 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Russellville, AL Housing Market Trends

With 10,771 people, 3,493 houses or apartments, and a median cost of homes of $191,308, 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 78.96% of the city's housing units. Other types of housing that are prevalent in Russellville include large apartment complexes or high rise apartments ( 12.64%), duplexes, homes converted to apartments or other small apartment buildings ( 4.99%), and a few mobile homes or trailers ( 2.94%).

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 63.36% owning and 36.64% 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 ( 32.54%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.18%). There's also some housing in Russellville built before 1939 ( 6.78%).

Vacant housing appears to be an issue in Russellville. Fully 12.91% 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 5.13%, which is lower than 80% 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 -1.18%, 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 -1.79%, which equates to an annual appreciation rate of -6.98%.

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.

Average Home Values

Median Home Value

$191,308

Russellville, AL Home Prices
> $1,330,000
$997,001 - $1,330,000
$664,001 - $997,000
$531,001 - $664,000
$399,001 - $531,000
$266,001 - $399,000
$133,001 - $266,000
$67,001 - $133,000
$0 - $67,000
0.2%
0.2%
0.2%
0.2%
0.8%
0.8%
2.2%
2.2%
7.4%
7.4%
14.4%
14.4%
38.6%
38.6%
26.8%
26.8%
9.5%
9.5%
0% 100.0%
% of Homes
Average

for Alabama

Low

for nation

Number of Homes And Apartments:

3,493

Russellville Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,491 / per month

Homeownership Rate

Owners
Renters
63.4%
63.4%
36.6%
36.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
12.9%
12.9%
87.1%
87.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
17.2%
17.2%
43.5%
43.5%
32.5%
32.5%
6.8%
6.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
79.0%
79.0%
0.5%
0.5%
5.0%
5.0%
12.6%
12.6%
2.9%
2.9%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.0%
2.0%
8.5%
8.5%
20.4%
20.4%
53.7%
53.7%
10.9%
10.9%
4.4%
4.4%
0% 100.0%
% of Homes