The story of this market
The typical home in ZIP 35653 sells for about $185,000, or $112 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $694 a month.
ZIP 35653 — Russellville
The housing market in 35653 remains stable with modest price appreciation and balanced inventory levels. Demand is driven by local employment and affordability, keeping the market steady despite broader national economic fluctuations.
This ZIP is well-suited for families and local workers seeking affordable housing in a stable, small-town environment. It appeals to those prioritizing lower cost-of-living and community-focused living over urban amenities.
Median prices moved up 3.2% year over year.
Homes spend a median of 68 days on market with 5.1 months of supply — a balanced-paced market.
13% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.7% · poverty 20.3% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 35653, Franklin County AL
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Russellville are generally lower than the national average, with property crime being the most frequently reported incident type. The area is considered stable compared to larger urban centers in Alabama.
Schools in the Russellville City School District are generally well-regarded, with the high school frequently recognized for its academic and athletic programs. The district serves as a primary educational anchor for the community.
The area faces moderate risk from severe thunderstorms and occasional tornadoes common to Northwest Alabama. Flood risk is localized to specific low-lying areas near regional creeks.
Economic momentum is driven by local manufacturing and utility operations, with steady infrastructure maintenance provided by the city. Development is characterized by modest residential expansion rather than rapid high-density growth.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Alabama) — Current Use Valuation: Allows property to be taxed based on its current use value rather than fair market value, potentially reducing the tax burden. Conversion to a non-qualified use triggers revaluation and potential back-tax liability. State (Alabama) — Class III Residential Property Tax Assessment: Property is assessed at 10% of its fair market value. The tax liability is calculated by multiplying the assessed value by the local millage rate. A standard homestead exemption applies to the 6.5 mill statewide property tax on the first $4,000 of assessed valuation. State (Alabama) — Class 3 Residential Property Tax Assessment: Residential property is classified as Class 3 and assessed at 10 percent of its fair market value. A standard homestead exemption applies to the 6.5 mill statewide property tax on the first $4,000 of assessed valuation. State (Alabama) — Standard State Ad Valorem Homestead Exemption: Exempts up to $4,000 in assessed valuation from the 6.5 mill state ad valorem tax levy (providing a maximum direct state tax reduction of $26.00). Formula: Adjusted State Tax = Max(0, (Assessed Value - $4,000)) × 0.0065. State (Alabama) — Statewide Ad Valorem Property Tax and Class III Residential Assessment Ratio: Establishes a baseline 6.5 statewide millage rate ($0.0065 per dollar of assessed value) under Ala.
Commutes are primarily car-dependent, with most residents traveling within Franklin County for employment. Major regional access is provided by US Highway 43.
The area features proximity to local parks and the nearby Cedar Creek Lake for outdoor activities. Shopping and dining are concentrated along the main commercial corridors in Russellville.
The rental market is characterized by low vacancy pressure and steady demand from local workers. Short-term rental presence is minimal compared to larger tourist-heavy markets.
The economy is anchored by manufacturing, healthcare, and utility services. It serves as a regional hub for Franklin County.
Transportation is dominated by private vehicle use, with US-43 serving as the primary arterial road. Public transit options are limited.
Development is focused on small-scale residential infill and maintenance of existing commercial infrastructure.
Parcels are served by the Russellville City School District and standard county-level utility and emergency service districts.
Property insurance premiums are influenced by regional weather patterns, specifically wind and hail risk common to the Southeast.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Popular regional destination for fishing and boating.
Central community space with recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.