Russell County, Kentucky Housing Market Prices
Russell County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 13% above the Kentucky median$132,954
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Median rent 30% below the Kentucky median Cheaper than 76% of counties in Kentucky$681
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Russell County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $132,954 | $118,017 | $248,835 |
| Price Trend (Annual %) | 12.5% | 3.8% | 7.5% |
| Median Gross Rent | $681 | $967 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Russell County is about 13% higher than in Kentucky. Rent is about 30% lower than the Kentucky average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Russell County, up about 12.5% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Russell County rose about 33.9% between 2015 and 2024, from $508 to $681. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in Russell County.
Buying the median-priced home in Russell County costs roughly 16.3 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Russell County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Russell County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $132,954 | $118,017 | $248,835 |
| Median Household Income | $44,784 | $64,312 | $80,455 |
| Price-to-Income Ratio | 3.0 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Russell County rose about 66.2%, while median household income rose about 54.0% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Russell County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.7% | 61.3% | 58.5% |
| Rental Rate | 21.7% | 28.4% | 31.2% |
| Vacancy Rate | 25.6% | 10.3% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Russell County has a homeownership rate of 52.7%, lower than the Kentucky average of 61.3%. Its housing vacancy rate is 25.6%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Russell County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1988 | 1981 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Russell County was built around 1988. On average, 2.4 people live in a home with about 5.7 rooms, staying for about 18.0 years on average.
Russell County, KY Housing Compared With Nearby Counties
How Russell County, KY compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Russell County, KY | 18,221 | $132,954 #1/2 | $681 #2/2 | 70.8% #2/2 |
| Adair County, KY | 19,089 | $19,564 | $771 | 77.2% |
Frequently Asked Questions
Common questions about the housing market in Russell County, Kentucky.
What is the median home price in Russell County, Kentucky?
The median home price in Russell County, Kentucky is $132,954, higher than the Kentucky average of $118,017.
What is the average home price in Russell County, Kentucky?
The typical home price in Russell County, Kentucky, reported as the median sale price, is $132,954. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Russell County, Kentucky?
The median gross rent in Russell County, Kentucky is $681 per month, lower than the Kentucky average of $967.
What was the median gross rent in Russell County in 2020?
In 2020, the median gross rent in Russell County, Kentucky was $571 per month.
What is the price-to-rent ratio in Russell County, Kentucky?
The price-to-rent ratio in Russell County, Kentucky is about 16.3, meaning it would take roughly 16.3 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Russell County.
Are home prices or rent rising faster in Russell County, Kentucky?
Both home prices and rent are rising in Russell County, up about 12.5% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Russell County, Kentucky?
52.7% of households in Russell County, Kentucky own their home, lower than the Kentucky average of 61.3%.
What is the vacancy rate in Russell County, Kentucky?
The housing vacancy rate in Russell County, Kentucky is 25.6%, higher than the Kentucky average of 10.3%.
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