Russell Springs, KY 42642 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Russell Springs, KY—42642

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$163,000

4.8% YoY Growth

Household Income

$54,100

49.2% YoY Growth

Days on Market

98

7.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

$1,500

65.3% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$800

8.4% YoY Growth

3-Bed Rent

N/A

Home Price Trends — Russell Springs, KY

Russell Springs, KY lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$163,000	4.8%
Single Family	$163,000	3.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Russell Springs, KY

As of July '25, Rentcast reports the average rent in Russell Springs, KY is $1,950, with a year-over-year rent change of 65.3%. Per bedroom, the median rent as of July '25 in Russell Springs, KY is 2-bedrooms: $1,030, 4-bedrooms: $2,870. The most common rental property sizes in Russell Springs, KY are 3-bedroom and 2-bedroom, accounting for 53.0% and 33.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,500	$1,950
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$800	$1,030
3 Bed Rent	N/A	N/A
4 Bed Rent	$1,800	$2,870

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% of Rental Stock

1 Bedroom

10.9%

2 Bedrooms

33.2%

3 Bedrooms

53.0%

4 Bedrooms

1.9%

5+ Bedrooms

1.1%

Property Listings — Russell Springs, KY

As of Dec '25, Realtor.com reports that the median days on market for a home in Russell Springs, KY is 88. This is a decrease of -17.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$319,000	17.0%
Listing Count	57	6.0%
Listings as % of Homes	0.5%	6.0%
Days on Market	98	-7.0%

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Demographics — Russell Springs, KY

As of the latest ACS Survey released in 2023, Russell Springs, KY has a population of 13,000, which has increased by 4.3% over the past 5 years. Russell Springs, KY is a moderately popular place for families, as children make up 24.1% of the population. The area has a poorly educated workforce, with 15.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	13,000	4.3%
% Under 18	24.1%	6.2%
% Seniors	19.9%	13.1%
% WFH	5.2%	188.9%
% w/ College Degree	15.4%	28.3%

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As of the latest ACS Survey released in 2023, Russell Springs, KY is a predominantly white area, with 90.6% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Russell Springs, KY is hispanic, making up 6.2% of the population. Foreign-born residents account for 1.8% of the population in Russell Springs, KY, and this percentage has decreased by 41.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	90.6%	-2.7%
% Black	0.8%	∞%
% Hispanic	6.2%	21.6%
% Asian	0.0%	-100.0%
% Foreign Born	1.8%	-41.9%

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Mortgage and Risk — Russell Springs, KY

According to HUD data as of 2023, there were 133 mortgage originations in Russell Springs, KY, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Russell Springs, KY. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	133
% Conventional Loans	66.0%
% Government Loans	34.0%
% Investor Loans	2.0%
% Second Loans	11.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — Russell Springs, KY

Russell Springs, KY lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	97
Total Units Section 8	97
% Rentals under Section 8	N/A
% Occupied Section 8	85.7%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$690
2 Bedroom	$90	$800	$890
3 Bedroom	N/A	N/A	$1,080
4 Bedroom	-$500	$1,800	$1,300

Russell Springs, KY—42642

Key Metrics at a Glance

Home Price Trends — Russell Springs, KY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Russell Springs, KY

% of Rental Stock

Property Listings — Russell Springs, KY

Demographics — Russell Springs, KY

Race and Ethnicity

Mortgage and Risk — Russell Springs, KY

Mortgages

Rentals and Section 8 — Russell Springs, KY

Section 8 Market Size

Section 8 Opportunity

Affordability — Russell Springs, KY

Home Price to Income Ratio

Russell Springs, KY — ZIP Code Boundary Map

Nearby ZIP Codes

Nancy, KY

Columbia, KY

Elk Horn, KY

Science Hill, KY

Bronston, KY

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.8
Median Home Price	$163,000
Median Household Income	$54,100

Russell Springs, KY—42642

Key Metrics at a Glance

Home Price Trends — Russell Springs, KY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Russell Springs, KY

% of Rental Stock

Property Listings — Russell Springs, KY

Demographics — Russell Springs, KY

Race and Ethnicity

Mortgage and Risk — Russell Springs, KY

Mortgages

Rentals and Section 8 — Russell Springs, KY

Section 8 Market Size

Section 8 Opportunity

Affordability — Russell Springs, KY

Home Price to Income Ratio

Russell Springs, KY — ZIP Code Boundary Map

Nearby ZIP Codes

Nancy, KY

Columbia, KY

Elk Horn, KY

Science Hill, KY

Bronston, KY

Frequently Asked Questions

What is the average home price in Russell Springs, KY 42642?

How have home prices in Russell Springs, KY 42642 changed over the past year?

What is the home price projection for Russell Springs, KY 42642?

What are the demographics of Russell Springs, KY 42642?

How long does it take homes to sell in Russell Springs, KY 42642?

What is the average rent price in Russell Springs, KY 42642?