Total monthly cost of ownership
Cost to Own a Home in Russell, Georgia
A $104,000 home here costs
$922per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $535. The real number is $387 higher every month — 72% more than the payment most buyers budget for.
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 $142 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
Common questions
How much does it cost to own a home in Russell?
A $104,000 home in Russell, Georgia costs approximately $922 per month with 20% down at 6.66%. That is $535 principal and interest, $45 property tax, $45 homeowners insurance, $210 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 $922 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
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.