Russellville, AL Housing Market

Market Overview

Russellville, AL has a PropertyIQ Score of 68 out of 100, indicating a moderate housing market. The top score drivers are median days on market at 57 days and the share of listings with a price cut at 15.4%. These metrics point to balanced conditions that tilt slightly toward buyers: homes are spending nearly two months on the market, and a noticeable minority of sellers are reducing asking prices. The median home value is $234,900, about $6,700 below the state average of $241,613. The local rent index of $676 is significantly below the state rent index of $1,007, a difference of $331.

Local incomes also shape conditions. The median household income is $53,338, compared with $63,999 statewide, while the unemployment rate is 3.4%, equal to the state average. There are 94 homes for sale, and the year-over-year home value change is $-6. Population growth data is not available. Overall, Russellville reads as a stable but moderate market with lower rents and incomes than the state and home values just below the statewide norm.

Key Trends

First, home prices are essentially flat. The median home value is $234,900, and the year-over-year change is $-6, a negligible decline. Compared with the state median of $241,613, Russellville sits slightly below the Alabama average, with no meaningful upward price movement in the provided data.

Second, the sales pace is measured but not stalled. Median days on market is 57 days, and 15.4% of listings have a price cut. These are the top PropertyIQ score drivers, suggesting that sellers often need patience and pricing flexibility. With 94 homes for sale, those metrics indicate a market where buyers have some leverage.

Third, rental costs are well below state levels. The rent index of $676 is $331 lower than the state rent index of $1,007. That wide gap means Russellville is a relatively low-cost rental market, which may limit rental income expectations for investors compared with other Alabama markets.

Fourth, employment is stable but incomes lag. The unemployment rate matches the state at 3.4%, which supports housing demand. However, median household income is $53,338, about $10,700 below the state figure of $63,999. That local income gap may offset some of the benefit of a lower median home value.

Who Is This Market For

This market may suit first-time and budget-conscious homebuyers. The median home value of $234,900 is below the state average, but the local median household income of $53,338 is also below the state average, so affordability is mixed. Still, with a median days on market of 57 days and a 15.4% price-cut share, buyers may have room to negotiate or request concessions.

Long-term owner-occupants may also find Russellville appealing because the market is stable rather than volatile. The year-over-year home value change is $-6, and the unemployment rate is 3.4%, matching the state. That combination can support a predictable purchase environment, though it is unlikely to produce rapid equity gains.

Investors should be cautious. The rent index of $676 is far below the state benchmark of $1,007, which may reduce gross rental income potential. The median home value of $234,900 is not