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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.
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.
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% |
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.
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:
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.
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.
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