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Russellville

Learn about the people, housing, costs and businesses in Russellville, Tennessee

Median Home$217,756
Median Rent$780/month
Population829
Leading IndustriesFinance & Insurance · Information & Media · Wholesale Trade9% finance & insurance
Home Value Growth⬆⬆+16.1% over 2 years
Young Adults24% of residents
Homeowners75% of occupied units
Russellville
TN

Frequently Asked Questions

What are today's mortgage rates in Russellville?

As of today, the 30-year fixed mortgage rate for Russellville is approximately 6.985% (7.024% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Russellville?

The median home value in Russellville is $218k. The median monthly rent is $780. Annual property taxes average $829. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Russellville?

Home values in Russellville have increased 16.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Russellville?

Based on a typical all-in ownership cost of $769/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Russellville is $65k/year.

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What industries drive the economy in Russellville?

The largest employment sectors in Russellville are public administration (22%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.