Total monthly cost of ownership
Cost to Own a Home in Russell, Georgia
A $104,000 home here costs
$982per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $42,000 a year.
A standard mortgage calculator would have told you $567. The real number is $415 higher every month, 73% more than the payment most buyers budget for.
Compare Barrow County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Russell from a five-year rolling sample, and with about 1,335 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Barrow County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Russell against Barrow County and Georgia
| Measure | Russell | Barrow County |
|---|---|---|
| Median home value | $104,200 | $255,200 |
| Median property tax | $538 | $2,124 |
| Effective tax rate | 0.516% | 0.832% |
| Median gross rent | $1,314 | $1,197 |
| Population | 1,335 | 86,982 |
The weather behind that power bill
Russell sits in Barrow County, which averages a high of 89.4°F in its hottest month and a low of 32.2°F in its coldest, with 50.9" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,592 cooling and 2,931 heating degree days, which is what sets the $171 electricity line above.
See the full climate breakdown for Barrow County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Barrow County
Talk to someone who works this market
These are Russell averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Russell every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Russell I already own here and may sell
Common questions
How much does it cost to own a home in Russell?
A $104,000 home in Russell, Georgia costs approximately $982 per month with 20% down at 7.24%. That is $567 principal and interest, $45 property tax, $45 homeowners insurance, $239 utilities and $87 set aside for maintenance.
What is the property tax rate in Russell?
Russell has an effective property tax rate of 0.516%, based on a median home value of $104,200 and median real estate taxes of $538. That is lower than the Barrow County average of 0.832%.
What is the average home price in Russell?
The median owner-occupied home value in Russell, Georgia is $104,200, against $255,200 across Barrow County.
Is it cheaper to rent or buy in Russell?
Median gross rent in Russell is $1,314 a month, against $982 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Russell?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Russell, Georgia at today's rate takes a household income of roughly $42,000 a year. That covers the full $982 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Russell, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Georgia.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.