The housing in Russell, MA is quite affordable compared to the national average, with a median value of $293,600. This is approximately 13% lower than the US median value of $338,100. The 1 year appreciation rate for houses in Russell is 7.86%, slightly lower than the US average of 8.27%. With such competitive real estate prices and a relatively low appreciation rate, Russell remains an attractive option for those looking to purchase a house in the area.
The median home cost in Russell is $293,600. Home appreciation the last 10 years has been 59.8%. Home Appreciation in Russell is up 11.2%.
Average Age of Homes
- The median age of Russell real estate is 53 years old
The Rental Market in Russell
- Renters make up 8.0% of the Russell population
- 2.2% of houses and apartments in Russell, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.