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Russellville

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

Median Home$469,439
Median Rent$1,694/month
Population548,000
Leading IndustriesProfessional Services · Healthcare · Arts, Food & Hospitality3% professional services
Home Value Growth⬆⬆+12.0% over 2 years
Young Adults27% of residentsnear the national average
Homeowners67% of occupied units
NotableHigh Incomes$100k/year · top 15% nationally
NotableHighly Educated24% bachelor's · 12% graduate · top 17% nationally
Russellville
AL

Frequently Asked Questions

What are today's mortgage rates in Russellville?

As of today, the 30-year fixed mortgage rate for Russellville is approximately 6.867% (6.902% 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 $469k. The median monthly rent is $1,694. Annual property taxes average $3k. 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 12.0% 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 $1,714/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $73k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Russellville is $100k/year.

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What industries drive the economy in Russellville?

The largest employment sectors in Russellville are public administration (24%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.