The housing market in Russell, AR is thriving. According to the data, the median value of a house in Russell is $91,700 which is much lower than the US median value of $338,100. However, this discrepancy may be due to the higher appreciation rate for houses in Russell - 9.77%, compared to 8.27% across the United States. This suggests that a house purchased in Russell will likely appreciate quicker than one bought elsewhere, making it an attractive option for those wishing to invest in property.
The median home cost in Russell is $91,700. Home appreciation the last 10 years has been 52.4%. Home Appreciation in Russell is up 18.8%.
Average Age of Homes
- The median age of Russell real estate is 45 years old
The Rental Market in Russell
- Renters make up 43.1% of the Russell population
- 3.1% 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.