Market Overview
Home Prices in Russell, IA
The median home value in Russell, IA is $172,333 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.1% compared to a year ago and down 0.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Russell are priced58% below average.
Price History
Russell Home Price Trend
2022
$152,154
$152K
—
2023
$160,186
$160K
+5.3%
2024
$164,993
$165K
+3.0%
2025
$164,026
$164K
-0.6%
2026
$172,333
$172K
+5.1%
City Comparison
Russell vs. National Median
🏠 Russell
$172,333
National Median
$410,000
At $172,333, homes in Russell cost 58% below the national median of $410,000. This makes Russell a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Russell?
20% Down Payment
$34,467
on $172,333
Monthly P&I
$899/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,142/mo
incl. taxes & insurance
Income Needed
$45,680
gross annual (30% rule)
10% Down Option
$17,233
+ PMI applies
Loan Amount (20% dn)
$137,866
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Russell, IA?
The median home value in Russell is $172,333 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.1% year-over-year.
How much have home prices changed in Russell?
Over the past year, home values in Russell have increased by 5.1%.
How much do I need to earn to buy a home in Russell?
To comfortably afford the median home price of $172,333 with a 20% down payment ($34,467) at today's rates (6.8%), you'd need a gross annual income of approximately $45,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Russell compare to the national average home price?
The national median home value is approximately $410,000. At $172,333, homes in Russell are 58% below the national average.