RUSSELLVILLE HOUSING MARKET INFORMATION With 7,398 people, 3,117 houses or apartments, and a median cost of homes of $240,280, 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 74.64% 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 ( 15.49%), large apartment complexes or high rise apartments ( 5.74%), and a few row houses and other attached homes ( 2.86%). 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 54.45% owning and 45.55% renting. At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Russellville's housing was primarily built during this period, from the '40s through the '60s. A full 41.13% of the city's housing hails from this era. Other housing ages represented in Russellville include homes built between 1970-1999 ( 37.99%) and housing constructed before 1939 ( 11.94%). There's also some housing in Russellville built between 2000 and later ( 8.94%). Vacant housing appears to be an issue in Russellville. Fully 12.66% 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 Appreciation rates for homes in Russellville have been tracking above average for the last ten years, according to 蘑菇视频 data. The cumulative appreciation rate over the ten years has been 113.45%, which ranks in the top 30% nationwide. This equates to an annual average Russellville house appreciation rate of 7.88%. 蘑菇视频's data show that during the latest twelve months, Russellville's appreciation rate, at 8.85%, has been at or slightly above the national average. In the latest quarter, Russellville's appreciation rate has been 1.37%, which annualizes to a rate of 5.58%. Relative to Kentucky, our data show that Russellville's latest annual appreciation rate is higher than 70% of the other cities and towns in Kentucky.