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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 $200,492, lower than the Michigan average of $250,415.
The average cost of rent is $923/mo in Buchanan, primarily driven by the current value of real estate in the Buchanan area. In Buchanan, 21.67% of households rent, and 39.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Buchanan is $5,514 per month. Households that rent pay about 16.74% of their income on rent here. Buchanan’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Pennellwood, MI: higher priced homes
- Glendora, MI: higher priced homes
- Galien, MI: equally priced homes
- Niles, MI: less expensive homes
- Berrien Springs, MI: higher priced homes
- Hills Corners, MI: less expensive homes
- Chain-O-Lakes, IN: higher priced homes
- New Troy, MI: equally priced homes
- Hinchman, MI: higher priced homes
- Berrien Center, MI: higher priced homes
Cities with Similar Populations
- Independence, KS: less expensive homes
- Waller, TX: higher priced homes
- Walnutport, PA: higher priced homes
- Ward, AR: less expensive homes
- Ware, MA: higher priced homes
- Kinnelon, NJ: higher priced homes
- Kingstree, SC: less expensive homes
- Kingston, WA: higher priced homes
- Washington, IA: less expensive homes
- Jacksboro, TN: equally priced homes
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