Russell County, Virginia Housing Market
In Russell County, Virginia, the median home value is $120,600, with a median monthly rent of $653. This places Russell County at #2628 nationally out of 3134 counties by median home value, and #124 within Virginia.
📈 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: $988
- Establishments: 512
- BLS QCEW, 2025
Housing Supply
- Single-family: 11
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 8,499 (avg $55,050)
- Outflow: 8,213 (avg $55,616)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Russell County Compares
| Metric | Russell County | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $120,600 | $295,807 | $227,706 |
| Median Gross Rent | $653 | $1,169 | $968 |
| Owner Occupancy Rate | 76.3% | 70.8% | 73.3% |
| Price/Rent Ratio | 15.4 | 20.3 | 18.7 |
Market Analysis
The median home value in Russell County is 59.2% below the Virginia state average and 47.0% below the U.S. national average. The median rent of $653/month is 44.1% below the state average.
With a price-to-rent ratio of 15.4, the buy-vs-rent decision in Russell County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Russell County has an owner-occupancy rate of 76.3%, compared to 70.8% in Virginia 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 |
|---|---|---|---|
| Monroe County | Alabama | $120,600 | $666 |
| Lenoir County | North Carolina | $120,500 | $861 |
| Jackson County | Florida | $120,800 | $865 |
| Carlisle County | Kentucky | $120,400 | $792 |
| Monroe County | Mississippi | $120,800 | $768 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Danville city | $119,100 | $836 | 47.8% |
| Wise County | $118,600 | $790 | 74.2% |
| Tazewell County | $118,300 | $795 | 74.4% |
| Alleghany County | $125,800 | $765 | 82.3% |
| Norton city | $110,000 | $692 | 50.0% |
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).