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Russell Gardens

Learn about the people, housing, costs and businesses in Russell Gardens, New York

Median Home$1,197,100
Population987
Leading IndustriesArts, Food & Hospitality · Public Administration · Healthcare16% arts, food & hospitality
Home Value Growth⬆⬆+15.1% over 2 years
Retirees26% of residentsabove average nationally
Homeowners86% of occupied units
NotableHigh Incomes$173k/year · top 2% nationally
NotableHighly Educated32% bachelor's · 26% graduate · top 6% nationally
Russell Gardens
NY

Frequently Asked Questions

What are today's mortgage rates in Russell Gardens?

As of today, the 30-year fixed mortgage rate for Russell Gardens is approximately 6.881% (6.917% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Russell Gardens?

The median home value in Russell Gardens is $1.2M. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Russell Gardens?

Home values in Russell Gardens have increased 15.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Russell Gardens?

Based on a typical all-in ownership cost of $3,178/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $136k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Russell Gardens is $173k/year.

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What industries drive the economy in Russell Gardens?

The largest employment sectors in Russell Gardens are public administration (33%) and healthcare (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.