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Russell, MN

Full City Profile · Minnesota · Lyon County County

3.1 /5.0
B Good
323 Population 351/sq mi density
$62,143 Median Income $34,225 per capita
$101,700 Home Value $198,694 Zillow
$700 Median Rent 22.0% income on rent
45°F Avg Temperature 276 sunny days/yr
253 Violent Crime/100K 2,449 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$62,143 median income, 3.7% unemployment
A+
Affordability
5.0 / 5.0
$101,700 home value, $700/mo rent
F
Safety
1.0 / 5.0
253 violent crimes/100K
C
Education
2.2 / 5.0
15.2% bachelor's degree or higher

Housing Overview

Median Home Value
$101,700
64% below
US avg: $281,900
Median Rent
$700/mo
40% below
US avg: $1,163/mo
Homeownership Rate
89.1%
36% above US avg (65.4%)
Total Housing Units
174
Median year built: 1950

Home Value by Source

Census Median
$101,700
Zillow (ZHVI)
$198,694
Median Sale Price
$246,000
Median List Price
$100,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

89.1%
Owner-Occupied
10.9%
Renter-Occupied
89%
11%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent: $700/mo

Market Indicators (Redfin)

Median Days on Market
44 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
1
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$210

Affordability & Housing Stock

Rent Burden
22.0%
of renters spending 30%+ of income on housing
29% below US avg (31.0%)
Median Year Built
1950
Average age of housing stock: 76 years
Homeownership Rate
89.1%

Complete Housing Data

Home Values

Census Median Value$101,700
Zillow Home Value (ZHVI)$198,694
Median Sale Price$246,000
Median List Price$100,000
Price Per Sq Ft$210

Rent

Census Median Rent$700
FMR Studio$809
FMR 1-Bedroom$899
FMR 2-Bedroom$1,125
FMR 3-Bedroom$1,483
FMR 4-Bedroom$1,698

Market

Days on Market44
Sale-to-List Ratio0.9%
Price Drops0.0%
Homes Sold1
Price Per Sq Ft$210

Ownership & Stock

Owner-Occupied89.1%
Renter-Occupied10.9%
Homeownership Rate89.1%
Total Housing Units174
Median Year Built1950
Rent Burden22.0%