The Most Affordable Neighborhoods in Buchanan, TN by Home Value

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 $183,969, lower than the Tennessee average of $315,131.

The average cost of rent is $932/mo in Buchanan, primarily driven by the current value of real estate in the Buchanan area. In Buchanan, 5.70% of households rent, and 52.77% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Buchanan is $4,444 per month. Households that rent pay about 20.97% of their income on rent here. Buchanan’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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