Russell Springs, KY—42642
Real Estate Data & Market Trends
Key Metrics at a Glance
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 | $157,000 | 5.7% |
| Single Family | $157,000 | 4.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $127,000 | 6.7% |
3 Bed | $186,000 | 6.3% |
4 Bed | $298,000 | 4.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Russell Springs, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Russell Springs, KY is 76. This is a decrease of -19.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $280,000 | 15.0% |
Listing Count | 64 | 10.0% |
| Listings as % of Homes | 0.5% | 10.0% |
Days on Market | 76 | -19.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Russell Springs, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $157,000 |
| Median Household Income | $54,100 |