Home Insurance in Russellville, Alabama
The median home value in Russellville is $123,800, 9% lower than the Franklin County median.
Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Russellville was built around 1981. About 14% of homes were built before 1960, in line with Franklin County (14%).
The housing stock in Russellville is 78% single-family homes, 13% apartments in buildings with 5+ units and 3% mobile or manufactured homes.
In Russellville, about 35% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Russellville has an owner-occupancy rate of 70% and a vacancy rate of 10%; unoccupied homes typically need a different coverage form.
In Russellville, 65% of homes are primarily heated with electricity.
What's the biggest home insurance risk near Russellville? FEMA's National Risk Index points to tornado (Relatively High) in Franklin County and Franklin County had 18 active NFIP flood policies as of September 2026. See the full Franklin County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Alabama, the statewide average premium for a standard HO-3 homeowners policy is $1,906 per year (NAIC, 2023 data).
Key figures
| Median home value | $123,800 |
|---|---|
| Median year built | 1981 |
| Owner-occupied share | 70% |
| Share of owner-occupied homes with a mortgage | 35% |
| Top county hazard | Tornado (Relatively High) |
| Active NFIP policies in Franklin County | 18 |
| Home insurance premium | $1,906 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)