The typical owner-occupied home in Russia is worth about $260,000, 21% above the Ohio median of $214,800 and 22% below the national median of $332,700. Owners pay a median $2,447 a year in property taxes, about 0.94% of their home's value, lower than the Ohio rate of 1.31%. The median household earns $61,685 a year, so the median home costs 4.2 times the median income (3.0 times for Ohio). 84% of occupied homes here are lived in by their owners, and 42% of those owners still have a mortgage.
Russia at a glance
| Russia | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $260,000 | $214,800 | $332,700 |
| Median property tax paid per year | $2,447 | $2,822 | $3,119 |
| Property tax as a share of value | 0.94% | 1.31% | 0.94% |
| Median household income | $61,685 | $71,389 | $80,734 |
| Homes lived in by their owners | 84% | 67% | 65% |
| Owner homes with a mortgage | 42% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,237 | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 18.3% | 18.6% | 21.0% |
| Median rent | $931 | $1,034 | $1,413 |
| Rent as a share of renters' income | 27.5% | 28.3% | 30.6% |
| Median year homes were built | 1975 | 1970 | 1980 |
| Vacant homes | 2.7% | 8.1% | 10.1% |
| Population | 638 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Russia
At this week's average 30-year rate of 7.11%, buying the median Russia home of $260,000 with 20% down costs about $1,711 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,144, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $73,338 for the 20%-down payment. That payment is 33% of the median Russia household income of $61,685; at that income and 20% down, the 28% guideline points to a home of about $219,000.
The median rent here is $931 a month, so owning the median home costs about $780 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $52,000 |
|---|---|
| Loan amount | $208,000 |
| Principal and interest | $1,399 |
| Property taxes (0.94% a year) | $204 |
| Homeowners insurance (our estimate, 0.5% a year) | $108 |
| PMI | $0 |
| Total per month | $1,711 |
Change the numbers in the calculator
| Down payment | $9,100 |
|---|---|
| Loan amount | $255,291 |
| Principal and interest | $1,717 |
| Property taxes (0.94% a year) | $204 |
| Homeowners insurance (our estimate, 0.5% a year) | $108 |
| FHA mortgage insurance | $115 |
| Total per month | $2,144 |
Change the numbers in the calculator
Questions about home buying in Russia
What is the median home value in Russia?
About $260,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Russia?
Homeowners pay a median $2,447 a year, which is about 0.94% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Russia?
For the median home with 20% down at 7.11%, the payment is about $1,711 a month. Keeping that under 28% of gross income takes about $73,338 a year.
More about Russia
- Mortgage Refinance in Russia
- Debt Relief in Russia
- Home Equity Loans in Russia
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data