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Russells Point

Learn about the people, housing, costs and businesses in Russells Point, Ohio

Median Home$132,200
Median Rent$731/month
Population1,433
Leading IndustriesTransportation · Wholesale Trade · Retail4% transportation
Home Value Growth⬆⬆⬆+31.4% over 2 years
Retirees25% of residentsabove average nationally
Homeowners66% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableAmenity Score67/100 · highly walkable area
Russells Point
OH

Frequently Asked Questions

What are today's mortgage rates in Russells Point?

As of today, the 30-year fixed mortgage rate for Russells Point is approximately 6.946% (6.984% 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 Russells Point?

The median home value in Russells Point is $132k. The median monthly rent is $731. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Russells Point?

Home values in Russells Point have increased 31.4% 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 Russells Point?

Based on a typical all-in ownership cost of $695/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Russells Point is $42k/year.

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What industries drive the economy in Russells Point?

The largest employment sectors in Russells Point are retail (17%) and public administration (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.