Housing in Russell County

The inside story on rent prices
Source: US Census Bureau - ACS 5 Yr 2024

Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.

Rent in Russell County averages $653/month for a 2‑bedroom in 2024, compared to the Virginia median of $1,579 and the national median of $1,413. Local renters spend approximately 24% of household income on rent, below the national average of 32%.

HUD 2026 50th Percentile Rent Estimates for Russell County FMR Area are $744 for a studio, $748 for 1‑bedroom, $914 for 2‑bedroom, $1,156 for 3‑bedroom, and $1,377 for 4‑bedroom.

HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $261 increase for a 2-bedroom in Russell County shows a 40% rise over that period.

The U.S. Bureau of Labor Statistics annual unemployment rate for Russell County was 3.9% in 2024, compared to Virginia at 2.9% and the national rate of 4.0%.

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Towns near Castlewood

City
County
State
Miles
Bristol city
VA
0.0
Washington
VA
8.5
Washington
VA
10.3
Russell
VA
18.8
Russell
VA
18.8
Washington
VA
20.8
Washington
VA
22.5
Russell
VA
23.1
Washington
VA
23.1
Washington
VA
25.5
Russell
VA
26.0
Russell
VA
27.3
Dickenson
VA
29.2
Russell
VA
30.4
Dickenson
VA
33.4
Dickenson
VA
33.8
Buchanan
VA
34.3
Russell
VA
34.9
Buchanan
VA
36.2
Dickenson
VA
36.2
Dickenson
VA
37.2
Buchanan
VA
38.5
Buchanan
VA
40.0
Dickenson
VA
40.1
Dickenson
VA
42.0
Buchanan
VA
42.5
Buchanan
VA
45.6
Buchanan
VA
47.1
Buchanan
VA
47.9
Buchanan
VA
50.8
Buchanan
VA
54.8

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