Total monthly cost of ownership
Cost to Own a Home in Russellville, Kentucky
A $156,000 home here costs
$1,313per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $802. The real number is $511 higher every month — 64% 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.
Russellville against Logan County and Kentucky
| Measure | Russellville | Logan County |
|---|---|---|
| Median home value | $156,000 | $151,500 |
| Median property tax | $1,160 | $945 |
| Effective tax rate | 0.744% | 0.624% |
| Median gross rent | $711 | $719 |
| Population | 7,244 | 27,731 |
The weather behind that power bill
Russellville sits in Logan County, which averages a high of 87.8°F in its hottest month and a low of 26.3°F in its coldest, with 53.94" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,374 cooling and 4,260 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Logan County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Logan County
Common questions
How much does it cost to own a home in Russellville?
A $156,000 home in Russellville, Kentucky costs approximately $1,313 per month with 20% down at 6.66%. That is $802 principal and interest, $97 property tax, $82 homeowners insurance, $203 utilities and $130 set aside for maintenance.
What is the property tax rate in Russellville?
Russellville has an effective property tax rate of 0.744%, based on a median home value of $156,000 and median real estate taxes of $1,160. That is higher than the Logan County average of 0.624%.
What is the average home price in Russellville?
The median owner-occupied home value in Russellville, Kentucky is $156,000, against $151,500 across Logan County.
Is it cheaper to rent or buy in Russellville?
Median gross rent in Russellville is $711 a month, against $1,313 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 Russellville — 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.