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These days, finding an affordable place to live in the Russell area can be challenging. Home prices in Russell are now at a median cost of $187,122, lower than the Kentucky average of $219,615.
The average cost of rent is $883/mo in Russell, primarily driven by the current value of real estate in the Russell area. In Russell, 24.45% of households rent, and 42.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Russell is $6,788 per month. Households that rent pay about 13.01% of their income on rent here. Russell’s most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Flatwoods, KY: less expensive homes
- Raceland, KY: less expensive homes
- Bellefonte, KY: higher priced homes
- Ironton, OH: less expensive homes
- Worthington, KY: less expensive homes
- Westwood, KY: less expensive homes
- Hanging Rock, OH: less expensive homes
- Coal Grove, OH: less expensive homes
- Wurtland, KY: less expensive homes
- Ashland, KY: less expensive homes
Cities with Similar Populations
- Luverne, MN: higher priced homes
- Minocqua, WI: higher priced homes
- Mineralwells, WV: equally priced homes
- Mineral Ridge, OH: less expensive homes
- Milner, GA: higher priced homes
- Millinocket, ME: less expensive homes
- Milan, IN: higher priced homes
- Menands, NY: higher priced homes
- Margate City, NJ: higher priced homes
- Maple Lake, MN: higher priced homes
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