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These days, finding an affordable place to live in the Buchanan area can be challenging. Home prices in Buchanan are now at a median cost of $105,900, lower than the Kentucky average of $219,615.
The average cost of rent is $720/mo in Buchanan, primarily driven by the current value of real estate in the Buchanan area. In Buchanan, 3.78% of households rent, and 59.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Buchanan is $3,073 per month. Households that rent pay about 23.43% of their income on rent here. Buchanan’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Prichard, WV: higher priced homes
- Lockwood, KY: higher priced homes
- Hubbardstown, WV: higher priced homes
- Fallsburg, KY: higher priced homes
- Five Forks, KY: higher priced homes
- Mavity, KY: higher priced homes
- Echo, WV: equally priced homes
- Rush, KY: higher priced homes
- Catlettsburg, KY: higher priced homes
- Shoals, WV: higher priced homes
Cities with Similar Populations
- Fitze, TX: higher priced homes
- Freemansburg, WV: higher priced homes
- Royal, PA: higher priced homes
- Frank, WV: equally priced homes
- Ruggles, PA: higher priced homes
- Rural Hill, MS: less expensive homes
- Sago, VA: higher priced homes
- Salado, AZ: higher priced homes
- San Manuel-Linn, TX: higher priced homes
- Sandoval, TX: higher priced homes
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