Total monthly cost of ownership
Cost to Own a Home in Russell Springs, Kentucky
A $170,000 home here costs
$1,382per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $874. The real number is $508 higher every month — 58% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Russell Springs against Russell County and Kentucky
| Measure | Russell Springs | Russell County |
|---|---|---|
| Median home value | $170,300 | $148,200 |
| Median property tax | $895 | $872 |
| Effective tax rate | 0.526% | 0.588% |
| Median gross rent | $747 | $660 |
| Population | 2,755 | 18,117 |
The weather behind that power bill
Russell Springs sits in Russell County, which averages a high of 85.6°F in its hottest month and a low of 24.5°F in its coldest, with 57.02" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,083 cooling and 4,541 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Russell County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Russell County
Full Russell County cost breakdown · Every county in Kentucky
Common questions
How much does it cost to own a home in Russell Springs?
A $170,000 home in Russell Springs, Kentucky costs approximately $1,382 per month with 20% down at 6.66%. That is $874 principal and interest, $75 property tax, $89 homeowners insurance, $203 utilities and $142 set aside for maintenance.
What is the property tax rate in Russell Springs?
Russell Springs has an effective property tax rate of 0.526%, based on a median home value of $170,300 and median real estate taxes of $895. That is lower than the Russell County average of 0.588%.
What is the average home price in Russell Springs?
The median owner-occupied home value in Russell Springs, Kentucky is $170,300, against $148,200 across Russell County.
Is it cheaper to rent or buy in Russell Springs?
Median gross rent in Russell Springs is $747 a month, against $1,382 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Russell Springs — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Kentucky.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.