Russell County, Virginia Housing Market Prices
Russell County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 85% below the Virginia median Cheaper than 95% of counties in Virginia$37,374
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Median rent 59% below the Virginia median Among the top 3 cheapest counties in Virginia$653
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Russell County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $37,374 | $256,082 | $248,835 |
| Price Trend (Annual %) | -0.6% | 3.5% | 7.5% |
| Median Gross Rent | $653 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 2.4% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Russell County is about 85% lower than in Virginia. Rent is about 59% lower than the Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Russell County: home prices fell about 0.6% a year while rent rose about 2.4% a year. That is an unusual pattern worth watching.
Median rent in Russell County rose about 22.0% between 2015 and 2024, from $535 to $653. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 0.7 yearly household incomes in Russell County.
Buying the median-priced home in Russell County costs roughly 4.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Russell County. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Russell County | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $37,374 | $256,082 | $248,835 |
| Median Household Income | $50,007 | $93,527 | $80,455 |
| Price-to-Income Ratio | 0.7 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Russell County fell about 57.2%, while median household income rose about 44.2% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Russell County | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.8% | 61.5% | 58.5% |
| Rental Rate | 19.8% | 29.8% | 31.2% |
| Vacancy Rate | 16.4% | 8.7% | 10.2% |
| Median Tenure (years) | 21.0 | 15.0 | 15.0 |
| Median Year Moved In | 2005 | 2011 | 2011 |
Russell County has a homeownership rate of 63.8%, higher than the Virginia average of 61.5%. Its housing vacancy rate is 16.4%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Russell County | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1979 | 1982 | 1978 |
| Median Number of Rooms | 6.0 | 6.0 | 5.5 |
The typical housing unit in Russell County was built around 1979. On average, 2.4 people live in a home with about 6.0 rooms, staying for about 21.0 years on average.
Russell County, VA Housing Compared With Nearby Counties
Russell County, VA is the 3rd largest of the 5 counties compared here, 25,530 residents against a local median of 36,658. Where Russell County, VA breaks from the counties next to it is median home price, sitting 80% below the local median of $189,769 at $37,374.
Median rent tells the same story from another angle: $653 against a local median of $798, 18% below it. The counties themselves spread $115,248 on median home price, so Russell County, VA sits at one end of an already wide local range rather than apart from it. Russell County, VA has the 5th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Russell County, VA | 25,530 | $37,374 #5/5 | $653 #5/5 | 76.3% #2/5 |
| Washington County, VA | 53,901 | $174,865 | $853 | 75.8% |
| Dickenson County, VA | 13,730 | $204,673 | $737 | 76.1% |
| Buchanan County, VA | 19,415 | $99,903 | $743 | 83.1% |
| Sullivan County, TN | 160,624 | $215,151 | $888 | 72.1% |
Frequently Asked Questions
Common questions about the housing market in Russell County, Virginia.
What is the median home price in Russell County, Virginia?
The median home price in Russell County, Virginia is $37,374, lower than the Virginia average of $256,082.
What is the average home price in Russell County, Virginia?
The typical home price in Russell County, Virginia, reported as the median sale price, is $37,374. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Russell County, Virginia?
The median gross rent in Russell County, Virginia is $653 per month, lower than the Virginia average of $1,579.
What was the median gross rent in Russell County in 2020?
In 2020, the median gross rent in Russell County, Virginia was $564 per month.
What is the price-to-rent ratio in Russell County, Virginia?
The price-to-rent ratio in Russell County, Virginia is about 4.8, meaning it would take roughly 4.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Russell County.
Are home prices or rent rising faster in Russell County, Virginia?
Home prices and rent are moving in opposite directions in Russell County: home prices fell about 0.6% a year while rent rose about 2.4% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Russell County, Virginia?
63.8% of households in Russell County, Virginia own their home, higher than the Virginia average of 61.5%.
What is the vacancy rate in Russell County, Virginia?
The housing vacancy rate in Russell County, Virginia is 16.4%, higher than the Virginia average of 8.7%.
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