Living in Russell, IA
Russell, IA is a quaint rural town known for its tight-knit community and beautiful landscapes. It offers a peaceful lifestyle complemented by access to outdoor activities and close proximity to larger urban areas. With quality education and a strong sense of belonging, Russell is an ideal place for families looking to escape the hustle of city life.
Current Market Conditions in Russell, IA
The real estate market in Russell, IA is showing signs of stability, benefiting from a modest yet consistent demand for housing. The community attracts families and retirees seeking affordable living options with a small-town feel. Properties here tend to appreciate slowly but steadily, providing a reliable investment for buyers.
Recently, Russell has seen an uptick in home sales as more people look for affordable options outside larger metropolitan areas. The prices remain accessible, and there is a healthy turnover of properties, with a variety of homes ranging from older houses needing updates to newer constructions.
Home Value Estimator For Russell, IA
There are currently 426 real estate properties
in Russell, IA,
with a median automated valuation model (AVM) price
of $136,882.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Russell, IA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Russell, IA,
is $166,355.00, with the most expensive house
in Russell, IA, topping out
at $729,288.00 and the cheapest home
in Russell, IA,
clocking in at $11,610.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Russell, IA!
Rent Prices
In Russell, IA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Russell, IA, is on
a rollercoaster ride. The
average rent price in Russell, IA,
is $988.00. Indeed, when looking to rent in
Russell, IA, you can expect to pay as little
as $600.00 or as much
as $1,520.00,
with the average rent median estimated to
be $1,000.00. The good news is that finding
an affordable and desirable property to rent in Russell, IA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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