Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Russell Woods area can be challenging. Home prices in Russell Woods are now at a median cost of $80,505, lower than the Detroit average of $215,900.
The average cost of rent is $839/mo in Russell Woods, primarily driven by the current value of real estate in the Russell Woods area. While nearly 66.07% of residents own their homes outright in Russell Woods, 52.11% rent.
Housing affordability isn’t just about home prices, though. The average household income in Russell Woods is $2,761 per month. Households that rent pay about 30.39% of their income on rent here. Russell Woods's most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the neighborhood.
Nearby Neighborhoods
- Winter Halter, Detroit, MI: less expensive homes
- Durfee, Detroit, MI: higher priced homes
- Petosky-Otsego, Detroit, MI: less expensive homes
- Martin Park, Detroit, MI: equally priced homes
- MacKenzie, Detroit, MI: less expensive homes
- Fitzgerald, Detroit, MI: less expensive homes
- Boston Edison, Detroit, MI: higher priced homes
- Barton-McFarland, Detroit, MI: less expensive homes
- Tireman, Detroit, MI: less expensive homes
- Midwest, Detroit, MI: less expensive homes
Neighborhoods with Similar Populations
- Lakewood Springs, Plano, IL: higher priced homes
- North Division, Milwaukee, WI: equally priced homes
- Mission San Jose, San Antonio, TX: higher priced homes
- Meadow Village, San Antonio, TX: higher priced homes
- Marlyville, New Orleans, LA: higher priced homes
- Marieville, Providence, RI: higher priced homes
- Lyon Park, Arlington, VA: higher priced homes
- Lynnhurst, Minneapolis, MN: higher priced homes
- Lely Resort, Naples, FL: higher priced homes
- Angelo Heights, San Angelo, TX: higher priced homes
All Local Stats
Home Services
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