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Russell, MB

Updated: Aug 2016
House
Median price $214,500
Monthly growth 4.91 %
Quarterly trend
Stock on market 3.09%
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 20111669
  • Population in 20061590
  • 2006 to 2011 population change (%)5
  • Total private dwellings777
  • Private dwellings occupied by usual residents760
  • Population density per square kilometre530.4
  • Land area (square km)3.15

Age Characteristics

Total population by age groups 1670
0 to 4 years 85
5 to 9 years 90
10 to 14 years 80
15 to 19 years 105
15 years 20
16 years 20
17 years 20
18 years 30
19 years 20
20 to 24 years 100
25 to 29 years 105
30 to 34 years 85
35 to 39 years 90
40 to 44 years 75
45 to 49 years 130
50 to 54 years 105
55 to 59 years 85
60 to 64 years 95
65 to 69 years 85
70 to 74 years 80
75 to 79 years 65
80 to 84 years 95
85 years and over 115
Median age of the population 45.8
% of the population aged 15 and over 84.5

Marital Status

Total population 15 years and over by marital status 1410
Married or living with a common-law partner 805
Married (and not separated) 715
Living common-law 95
Not married and not living with a common-law partner 605
Single (never legally married) 320
Separated 35
Divorced 65
Widowed 180

Family Characteristics

Total number of census families in private households 450
Size of census family: 2 persons 260
Size of census family: 3 persons 70
Size of census family: 4 persons 75
Size of census family: 5 or more persons 40
Total number of census families in private households 450
Total couple families by family structure and number of children 390
Married couples 345
Without children at home 200
With children at home 150
1 child 50
2 children 65
3 or more children 35
Common-law couples 50
Without children at home 35
With children at home 15
1 child 10
2 children 5
3 or more children 5
Total lone-parent families by sex of parent and number of children 55
Female parent 45
1 child 25
2 children 15
3 or more children 5
Male parent 10
1 child 10
2 children 0
3 or more children 0
Total children in census families in private households 405
Under six years of age 105
6 to 14 years 145
15 to 17 years 60
18 to 24 years 75
25 years and over 20
Average number of children at home per census family 0.9

Household And Dwelling Characteristics

Total number of persons in private households 1620
Number of persons not in census families 370
Living with relatives 25
Living with non-relatives only 55
Living alone 295
Number of census family persons 1245
Average number of persons per census family 2.8
Total number of persons 65 years and over in private households 395
Number of persons not in census families aged 65 years and over 175
Living with relatives 10
Living with non-relatives only 5
Living alone 160
Number of census family persons aged 65 years and over 220
Total number of private households by household type 760
Census-family households 445
One-family-only households 420
Couple-family households 370
Without children 220
With children 155
Lone-parent-family households 50
Other family households 20
One-family households with persons not in a census family 20
Couple-family households 15
Without children 10
With children 5
Lone-parent-family households 5
Two-or-more-family households 5
Non-census-family households 315
One-person households 290
Two-or-more-person households 25
Total number of occupied private dwellings by structural type of dwelling 760
Single-detached house 605
Apartment, building that has five or more storeys 0
Movable dwelling 15
Other dwelling 135
Semi-detached house 5
Row house 15
Apartment, duplex 0
Apartment, building that has fewer than five storeys 110
Other single-attached house 10
Total number of private households by household size 760
1 person 295
2 persons 265
3 persons 80
4 persons 80
5 persons 35
6 or more persons 10
Number of persons in private households 1615
Average number of persons in private households 2.1

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