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Affordable
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These days, finding an affordable place to live in the Russell Springs area can be challenging. Home prices in Russell Springs are now at a median cost of $170,115, lower than the Kentucky average of $219,615.
The average cost of rent is $693/mo in Russell Springs, primarily driven by the current value of real estate in the Russell Springs area. In Russell Springs, 30.18% of households rent, and 51.39% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Russell Springs is $4,409 per month. Households that rent pay about 15.72% of their income on rent here. Russell Springs’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Horntown, KY: less expensive homes
- Gradyville, KY: higher priced homes
- Fonthill, KY: less expensive homes
- Esto, KY: equally priced homes
- Karlus, KY: higher priced homes
- Webbs Cross Roads, KY: less expensive homes
- Jamestown, KY: equally priced homes
- Sewellton, KY: higher priced homes
- Craycraft, KY: less expensive homes
- Montpelier, KY: less expensive homes
Cities with Similar Populations
- Lincoln Park, NJ: higher priced homes
- Lecanto, FL: higher priced homes
- Leesville, SC: higher priced homes
- Leola, PA: higher priced homes
- Leonardtown, MD: higher priced homes
- Lewiston, NY: higher priced homes
- Lexington, NE: less expensive homes
- Liberty, TX: higher priced homes
- Lighthouse Point, FL: higher priced homes
- Lincoln City, OR: higher priced homes
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