The story of this market
The typical home in ZIP 35654 sells for about $172,800, or $105 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $689 a month.
ZIP 35654 — Russellville
The housing market in 35654 remains stable with modest year-over-year price appreciation and low inventory levels. Demand is driven by local affordability, though the market is constrained by limited new construction activity. Most transactions involve single-family homes, reflecting the area's character as a quiet, family-oriented community.
This ZIP is well-suited for families and individuals seeking a quiet, lower-cost-of-living environment with a slower pace of life compared to larger metropolitan areas.
Median prices moved up 3.2% year over year.
Homes spend a median of 62 days on market with 4.1 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.0% · poverty 17.3% — 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 5.7%/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 6.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 35654, Alabama
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by the Russellville City School District, which generally maintains a stable reputation within the local region.
The region is subject to standard Alabama weather risks, including severe thunderstorms and occasional tornado activity; flood risk is localized to specific low-lying areas.
Economic momentum is driven by local manufacturing and agricultural support industries in Franklin County, with steady but modest infrastructure maintenance.
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.
Residents primarily rely on personal vehicles for commuting, with Highway 43 serving as the main arterial route for regional travel.
Local amenities include Bill Pugh Field and proximity to various outdoor recreational opportunities in the surrounding Franklin County landscape.
The rental market is characterized by high demand for affordable single-family housing with limited turnover and low vacancy pressure.
The local economy is anchored by manufacturing, retail, and public sector employment within Russellville and Franklin County.
Transportation is primarily automobile-dependent with limited public transit infrastructure.
Development is focused on small-scale residential infill and maintenance of existing commercial corridors.
The Franklin County Revenue Commissioner manages property assessments based on fair market value with a 10% assessment rate for residential parcels.
Parcels are subject to Russellville City School District taxes and standard county-wide levies.
Property insurance premiums are influenced by regional exposure to severe weather events, including wind and hail.
Alabama is a non-judicial foreclosure state, allowing for relatively efficient lender recovery processes.
Alabama follows a 'caveat emptor' (buyer beware) doctrine, though sellers must disclose known material defects.
Data retrieved from data.census.gov ZCTA 35654 profile.
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.
A local community athletic facility serving the Russellville area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.