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Affordable
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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 $539,293, lower than the New York average of $610,895.
The average cost of rent is $2,207/mo in Buchanan, primarily driven by the current value of real estate in the Buchanan area. In Buchanan, 12.29% of households rent, and 35.44% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Buchanan is $11,492 per month. Households that rent pay about 19.20% of their income on rent here. Buchanan’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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- Cortlandt Manor, NY: equally priced homes
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Cities with Similar Populations
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- Lake Success, NY: higher priced homes
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