Home Price Key
Affordable
Average
Expensive
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 $172,496, lower than the Virginia average of $323,261.
The average cost of rent is $892/mo in Buchanan, primarily driven by the current value of real estate in the Buchanan area. While nearly 44.40% of residents own their homes outright in Buchanan, 12.50% rent.
Housing affordability isn’t just about home prices, though. The average household income in Buchanan is $4,545 per month. Households that rent pay about 19.64% of their income on rent here. Buchanan's most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Springwood, VA: equally priced homes
- Pico, VA: equally priced homes
- Lithia, VA: equally priced homes
- Nace, VA: higher priced homes
- Fincastle, VA: higher priced homes
- Reba, VA: less expensive homes
- Eagle Rock, VA: less expensive homes
- Flatwoods, VA: higher priced homes
- Rapps Mill, VA: higher priced homes
- Gala, VA: less expensive homes
Cities with Similar Populations
- Newtown, OH: higher priced homes
- Brown City, MI: less expensive homes
- Pecatonica, IL: less expensive homes
- Reno, TX: equally priced homes
- Twin City, GA: less expensive homes
- Sneedville, TN: less expensive homes
- Dodge Center, MN: equally priced homes
- Shannon, MS: less expensive homes
- Mill Spring, NC: higher priced homes
- Kirkwood, NY: less expensive homes
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