Russell, Minnesota.
Typical home $214,099 (+10.5% in a year). Marshall, MN metro.
to buy the typical home at today's mortgage rate — +$580 (+106%) since Jan 2020.
- 1 year
- Up $20,419 +11%
- $193,680$214,099 since Sep 2025
- 5 years
- Up $47,182 +28%
- $166,917$214,099 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Russell$1,124
- Minnesota$1,831
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 14 years.
Typical home values in Russell, MN rose 10.5% over the past year — faster than the nation's +1.2%.
Living in Russell, Lyon County, Minnesota
Russell is a city of 348 people in Lyon County. 91% of its homes are lived in by their owners and 9% are rented. Unemployment in Lyon County was 4.7% in August 2026, and the county had 2.3% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 24 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Russell is a very small city in Lyon County, Minnesota, where nearly everyone owns the home they live in. Poverty is lower here than in many places, and a four-year degree is less common among adults than across much of the country. Winters are cold, with January the coldest month and snowfall heavy enough to shape daily life, while July brings warm days.
Work. Residents work mostly in schools, hospitals and social care, with manufacturing, banks and insurance, and retail also employing many. Across Lyon County, some of the largest workplaces are Southwest Minnesota State University, Avera Marshall Regional Medical CTR and Marshall Public School District. Unemployment in the county has risen over the past year, and there are somewhat fewer jobs than there were the year before.
Things to do. Coon Creek runs in or beside town, and a short drive brings you to the Cottonwood River and Camden State Park, a protected area. Rock Lake and Wood Lake are also a short drive away for time by the water. Pipestone National Monument, an archaeological site, is a longer drive.
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- 163households
- 14%of adults have a degree
- 6%below the poverty line
- 26 mintypical commute
- 8%work from home
What residents work in
Employed residents by industry, from the Census survey. Lyon County had 13,452 jobs in 2025, 2.3% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 24° and lows near 4°; warmest in July, with highs near 85° and lows near 61°. About 44 inches of snow and 29 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Marshall weather station, 13 miles away (NOAA).
Largest workplaces in Lyon County
- Southwest Minnesota State UniversityUniversity or college432
- Avera Marshall Regional Medical CTRCritical access hospital417FTE
- Marshall Public School DistrictSchool district392FTE
- Region 6 and 8-SW/WC Service Coop SchoolsSchool district384FTE
- Schwan's Shared ServicesOb297
- WalmartWarehouse clubs and supercenters294
- Hy-VeeSupermarkets and other grocery except convenience stores278
- Archer Daniels Midland Company265
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 67 workplaces with 20 or more staff, 6,646 people in all across the county; Russell has none of its own. Colleges come from IPEDS (NCES, 2023–24), hospitals from their Medicare cost reports (CMS, 2023) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Winter weatherVery high
- DroughtRelatively high
- HailRelatively high
- Cold wavesRelatively high
- Strong windRelatively high
- Ice stormsRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Russell’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Lyon County and the Marshall, MN metro.
Russell home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Russell$214,099
- Minnesota$348,778
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Zip codes with a Russell address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Russell — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.