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Affordable
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These days, finding an affordable place to live in the Russia area can be challenging. Home prices in Russia are now at a median cost of $273,549, higher than the Ohio average of $236,816.
The average cost of rent is $937/mo in Russia, primarily driven by the current value of real estate in the Russia area. In Russia, 13.08% of households rent, and 48.55% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Russia is $7,082 per month. Households that rent pay about 13.23% of their income on rent here. Russia’s most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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