Russell County, Kansas Housing Market
In Russell County, Kansas, the median home value is $119,000, with a median monthly rent of $805. This places Russell County at #2655 nationally out of 3134 counties by median home value, and #56 within Kansas.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $929
- Establishments: 247
- BLS QCEW, 2025
Housing Supply
- Single-family: 30
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,743 (avg $58,322)
- Outflow: 2,566 (avg $59,364)
- IRS Statistics of Income
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| Metric | Russell County | Kansas Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $119,000 | $138,824 | $227,706 |
| Median Gross Rent | $805 | $802 | $968 |
| Owner Occupancy Rate | 75.1% | 74.2% | 73.3% |
| Price/Rent Ratio | 12.3 | 14.2 | 18.7 |
Market Analysis
The median home value in Russell County is 14.3% below the Kansas state average and 47.7% below the U.S. national average. The median rent of $805/month is about equal to the state average.
With a price-to-rent ratio of 12.3, buying a home in Russell County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Russell County has an owner-occupancy rate of 75.1%, compared to 74.2% in Kansas and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Winston County | Alabama | $118,900 | $803 |
| Ellis County | Oklahoma | $119,100 | $815 |
| Hutchinson County | Texas | $119,100 | $932 |
| Danville city | Virginia | $119,100 | $836 |
| Calhoun County | Iowa | $118,800 | $723 |
Other Counties in Kansas
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Gove County | $118,400 | $705 | 79.4% |
| Brown County | $118,100 | $646 | 76.3% |
| Logan County | $117,900 | $840 | 64.9% |
| Cowley County | $120,900 | $809 | 68.1% |
| Trego County | $120,900 | $720 | 82.2% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).