The housing market in Russell, MN is quite robust. According to the latest figures, the median value of a house in Russell is $160,500, which is significantly lower than the US House Median Value of $338,100. Even more impressive is that over the past year, house appreciation in Russell was 9.54%, while national figures for house appreciation were 8.27%. This indicates that houses in Russell are increasing in value at a slightly faster rate than houses across the US as a whole. It shows that the housing market in Russell is thriving and presents an attractive opportunity for potential buyers.
The median home cost in Russell is $160,500. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Russell is up 14.7%.
Average Age of Homes
- The median age of Russell real estate is 60 years old
The Rental Market in Russell
- Renters make up 15.0% of the Russell population
- 0.0% 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.