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Russell, MB

Updated: Aug 2016
House
Median price $214,500
Monthly growth 4.91 %
Quarterly trend
Stock on market 11.82%
Apartment
Median price
Monthly growth
Quarterly trend
Stock on market

Russell Home Price

Across the nation CREW lists data for 5162 neighbourhoods, and this month Russell is number 2650 putting it in the bottom half of the country .

While the median for Manitoba is $264,900 , which means that Russell’s median price is $214,500 below average than the rest of the province.

If you’re looking at investment properties in Russell, then you’re most likely to find homes with 3 bedrooms on sale this month.

Across Manitoba Russell has the 37th most properties on offer with 250.

Is Russell a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.

One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Russell, the amount of stock on the market has increased which is a negative indicator for house prices. Three months ago there were 23, this month we show 24.

Can we guarantee how well Russell is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.

If you are looking at investment properties in Russell, then there are about the same homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a steadily priced.

Find a mortgage broker in Russell, MB
Beds Median price (House) Median price (Apartment)
2 bedrooms $181,950
3 bedrooms $279,000
4 bedrooms $185,900
5 bedrooms $229,000
Demographics
  • Population in 2011459
  • Population in 2006484
  • 2006 to 2011 population change (%)-5.2
  • Total private dwellings203
  • Private dwellings occupied by usual residents185
  • Population density per square kilometre0.8
  • Land area (square km)567.83

Age Characteristics

Total population by age groups 460
0 to 4 years 15
5 to 9 years 15
10 to 14 years 30
15 to 19 years 40
15 years 10
16 years 10
17 years 10
18 years 10
19 years 5
20 to 24 years 30
25 to 29 years 25
30 to 34 years 25
35 to 39 years 15
40 to 44 years 25
45 to 49 years 35
50 to 54 years 55
55 to 59 years 60
60 to 64 years 20
65 to 69 years 15
70 to 74 years 15
75 to 79 years 15
80 to 84 years 10
85 years and over 10
Median age of the population 45.9
% of the population aged 15 and over 86.1

Marital Status

Total population 15 years and over by marital status 395
Married or living with a common-law partner 260
Married (and not separated) 225
Living common-law 45
Not married and not living with a common-law partner 130
Single (never legally married) 90
Separated 10
Divorced 20
Widowed 20

Family Characteristics

Total number of census families in private households 140
Size of census family: 2 persons 70
Size of census family: 3 persons 30
Size of census family: 4 persons 30
Size of census family: 5 or more persons 10
Total number of census families in private households 140
Total couple families by family structure and number of children 130
Married couples 110
Without children at home 65
With children at home 50
1 child 20
2 children 25
3 or more children 10
Common-law couples 20
Without children at home 10
With children at home 10
1 child 5
2 children 5
3 or more children 0
Total lone-parent families by sex of parent and number of children 10
Female parent 10
1 child 0
2 children 0
3 or more children 5
Male parent 5
1 child 0
2 children 0
3 or more children 0
Total children in census families in private households 125
Under six years of age 20
6 to 14 years 45
15 to 17 years 25
18 to 24 years 35
25 years and over 5
Average number of children at home per census family 0.9

Household And Dwelling Characteristics

Total number of persons in private households 460
Number of persons not in census families 55
Living with relatives 5
Living with non-relatives only 15
Living alone 35
Number of census family persons 400
Average number of persons per census family 2.9
Total number of persons 65 years and over in private households 65
Number of persons not in census families aged 65 years and over 20
Living with relatives 5
Living with non-relatives only 0
Living alone 15
Number of census family persons aged 65 years and over 45
Total number of private households by household type 185
Census-family households 145
One-family-only households 135
Couple-family households 130
Without children 70
With children 60
Lone-parent-family households 10
Other family households 5
One-family households with persons not in a census family 5
Couple-family households 5
Without children 0
With children 0
Lone-parent-family households 0
Two-or-more-family households 0
Non-census-family households 40
One-person households 35
Two-or-more-person households 5
Total number of occupied private dwellings by structural type of dwelling 185
Single-detached house 160
Apartment, building that has five or more storeys 0
Movable dwelling 25
Other dwelling 5
Semi-detached house 5
Row house 0
Apartment, duplex 0
Apartment, building that has fewer than five storeys 0
Other single-attached house 0
Total number of private households by household size 185
1 person 35
2 persons 75
3 persons 30
4 persons 35
5 persons 5
6 or more persons 5
Number of persons in private households 460
Average number of persons in private households 2.5

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