Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 25,635 ↓ 0.6% since 2020 |
| Median Household Income | $49,020 34% below national median |
| Median Home Value | $119,600 |
| Unemployment Rate | 4.4% |
| Median Age | 46.5 years |
| Housing Vacancy Rate | 18.0% |
| Total Land Sales (Past 12 Months) | 83 transactions |
| Active Listings | 58 properties |
| Avg Days on Market | 571 days |
Rural Land Sales (1+ Acres) (Sep 2025 – Mar 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $3,308 |
| Recent Sales | 58 transactions |
| Avg Days on Market | 596 days |
| Avg Parcel Size | 45.70 acres |
| Active Listings | 33 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Mar 2026 | 57.62 | $62,500 | $1,085 | Lebanon |
| Mar 2026 | 105.76 | $150,000 | $1,418 | Lebanon |
| Feb 2026 | 96.60 | $301,000 | $3,116 | Swords Creek |
| Dec 2025 | 23.84 | $39,500 | $1,657 | Swords Creek |
| Dec 2025 | 5.28 | $62,895 | $11,912 | Cedar Bluff |
| Dec 2025 | 15.00 | $160,000 | $10,667 | Lebanon |
| Oct 2025 | 2.30 | $15,000 | $6,522 | Lebanon |
| Oct 2025 | 2.30 | $15,000 | $6,522 | Lebanon |
| Oct 2025 | 3.79 | $25,000 | $6,596 | Lebanon |
| Sep 2025 | 66.50 | $100,000 | $1,504 | Cleveland |
Suburban/Urban Land Sales (Under 1 Acre) (Oct 2025 – Mar 2026)
| Metric | Value |
|---|---|
| Median Lot Price | $15,000 |
| Recent Sales | 25 transactions |
| Avg Days on Market | 511 days |
| Avg Parcel Size | 0.50 acres |
| Active Listings | 25 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| Mar 2026 | 0.25 | $11,000 | Lebanon |
| Dec 2025 | 0.72 | $12,500 | Swords Creek |
| Oct 2025 | 0.26 | $11,500 | Lebanon |
| Oct 2025 | 0.26 | $11,500 | Lebanon |
| Oct 2025 | 0.33 | $14,000 | Lebanon |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 25,635 |
| Population (2020) | 25,781 |
| Population Growth | -0.57% |
| Median Household Income | $49,020 |
| Median Home Value | $119,600 |
| Total Housing Units | 12,772 |
| Vacant Housing Units | 2,302 |
| Housing Vacancy Rate | 18.0% |
| Median Age | 46.5 |
| Bachelor's Degree or Higher | 1,850 (7.2%) |
| Unemployment Rate (BLS) | 4.6% |
Market Overview
Russell County, Virginia has a population of 25,635, which has declined 0.57% since 2020. The median household income is $49,020, below the national median of $74,580 by 34.3%. With a median home value of $119,600 and an unemployment rate of 4.6%, the local economy is struggling. The housing vacancy rate of 18.0% suggests soft market conditions. As part of Virginia, Russell County benefits from the state's growing interest in vacant land investment. Recent rural land sales show a median price of $3,308 per acre, with properties averaging 45.70 acres. There are currently 58 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Russell County, Virginia?
As of the 2023 American Community Survey, Russell County has a population of 25,635. The county has declined 0.57% since the 2020 Census.
What is the median household income in Russell County?
The median household income in Russell County is $49,020, which is 34.3% below the national median of $74,580.
Is Russell County growing or shrinking?
Russell County is shrinking. The population has declined 0.57% since 2020.
What is the housing market like in Russell County?
The median home value in Russell County is $119,600. The housing vacancy rate is 18.0%, which suggests soft market conditions. The unemployment rate is 4.6%, indicating a struggling local economy. Recent rural land sales (1+ acres) show a median price of $3,308 per acre. Suburban/urban lots under 1 acre have a median lot price of $15,000.
Does Reelvest buy land in Russell County, Virginia?
Yes! Reelvest Properties buys vacant land throughout Virginia, including Russell County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.