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Cheap Homes in Russell Springs, KY

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13 Phillip-ave-Russell-springs-KY-42642
Fixer Upper
$36,000 List Price

2 Bed | 2 Bath

Displaying 1 - 1 of 1
 

Home Value Estimator For Russell Springs, KY

There are currently 3,359 real estate properties in Russell Springs, KY, with a median automated valuation model (AVM) price of $135,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Russell Springs, KY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Russell Springs, KY, is $154,796.00, with the most expensive house in Russell Springs, KY, topping out at $1,334,300.00 and the cheapest home in Russell Springs, KY, clocking in at $42,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Russell Springs, KY!


Rent Prices In Russell Springs, KY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Russell Springs, KY, is on a rollercoaster ride. The average rent price in Russell Springs, KY, is $948.00. Indeed, when looking to rent in Russell Springs, KY, you can expect to pay as little as $500.00 or as much as $2,240.00, with the average rent median estimated to be $900.00. The good news is that finding an affordable and desirable property to rent in Russell Springs, KY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Foreclosure Homes in Russell Springs, KY

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Russell Springs, KY area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Russell Springs, KY and much more. Save thousands at closing with home foreclosure listings in Russell Springs, KY — up to 75% off market value!


Top Reasons To Live In Russell Springs, KY In 2022

Russell Springs is located in Russell, Kentucky, with an estimated municipal population of 2,638 residents. All of the best foreclosed homes for sale in Russell Springs are located in the following zip code areas on Foreclosure.com: 42642. The estimated population per square kilometer (.62 miles) in Russell Springs is 217.


Cost Of Living In Russell Springs, KY

So, about how much do homes cost in Russell Springs? The most recent median value of resident-owned homes in Russell Springs is 90,658. An estimated 47.4 percent of households in Russell Springs own their homes, with an average family size of 3.5. The median household income in Russell Springs is 30,925, with8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Russell Springs, the median commute time of resident workers (in minutes) is 18.9. And last, but certainly not least, are you looking for homes to rent in Russell Springs? If so, the average rent price paid by renters in Russell Springs is 539, according to recent statistics.


Diversity And Demographics In Russell Springs, Kentucky

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Russell Springs, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Russell Springs is 37.5, split between 44.7 percent male versus 55.3 female. The percentage of residents who report being married in Russell Springs is 35.9, with an average family size of 3.5.

The percentage of residents who report their race in Russell Springs is as follows:

White 78.8%
Black / African American 0.3%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 6.7%
Other 14.2%

Looking for family-friendly neighborhoods in and/or near Russell Springs? Or maybe you are searching for 55+ active adult communities in and/or near Russell Springs?

The percentage of residents who report their age in Russell Springs is as follows:

Under 10 12.7%
Aged 10-19 15.4%
20s 15.6%
30s 7.3%
40s 9.1%
50s 15.9%
60s 12.1%
70s 8.3%
80+ 3.7%

Best Schools In Russell Springs, Kentucky

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Russell Springs with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Russell Springs.


Pros And Cons Of Living In Russell Springs, Kentucky

How do you know that living in -- or moving to -- Russell Springs is right where you need to be? Perhaps you grew up in Russell Springs or already live nearby; therefore, the decision to buy a home in Russell Springs is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Russell Springs for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Russell Springs:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Russell Springs.


Reasons To Move To Russell Springs, Kentucky, In 2022

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Russell Springs can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Russell Springs, meanwhile, can field multiple offers from more qualified buyers.

Cheap Homes in Russell Springs, KY


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