Living in Buchanan, Virginia
Cost of living, income, home prices, rent and demographics of Buchanan · Census data 2020–2024
Buchanan has 1,367 residents with a median age of 43.2. The median household income is $54,226 (42% lower than the Virginia median), the median home value is $187,500, the median rent is $958/month.
Buchanan is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Buchanan at a glance
- Population
- 1,367
- Median age
- 43.2State: 39
- Median household income
- $54,226State: $93,170
- Median home value
- $187,500State: $383,700
- Median rent
- $958/moState: $1,579
- Homeowners
- 80.5%
- Bachelor's degree or higher
- 29%
- Average commute
- 33 min
Is Buchanan a good place to live?
Pros: Home values 51% lower than the state median.
Cons: Median household income 42% lower than the Virginia median; an average commute of 33 minutes; unemployment of 6.6%; a poverty rate of 17.9%.
The weather is best in May and August to October.
Cost of living in Buchanan
Housing is the biggest part of the cost of living. In Buchanan the median home value is $187,500, 44% lower than the U.S. median. Renters pay a median of $958 per month, which is 30% of household income. Homeowners with a mortgage pay $1,220 a month in housing costs.
Buchanan median household income
The median household income in Buchanan is $54,226 and the income per person is $29,722. 17.9% of residents live below the poverty line (Virginia: 9.9%).
Housing in Buchanan: homes for sale and rent
- Housing units
- 625
- Owner-occupied
- 80.5%
- Renter-occupied
- 19.5%
- Vacant
- 15.5%Includes seasonal homes
- Median year built
- 1972
- Average household size
- 2.59
Buchanan demographics
- Population
- 1,367
- Median age
- 43.2
- Under 18
- 23%
- 65 and older
- 16.5%
- Households
- 528
- Foreign-born
- 1.2%
- Veterans
- 6.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Buchanan ›
Education in Buchanan
29% of adults 25 and older in Buchanan have a bachelor's degree or higher (Virginia: 42.2%), and 14% have a graduate or professional degree.
Jobs and commute in Buchanan
- Unemployment rate
- 6.6%State: 4.3%
- Average commute
- 33 minState: 27 min
- Work from home
- 6.5%
- Drive alone
- 79.8%
- Public transit
- 0%
- Walk to work
- 4.2%
- Homes with broadband
- 88.1%
Buchanan vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Buchanan | 1,367 | $54,226 | $187,500 | $958 |
| Fincastle | 858 | $72,609 | $257,500 | $945 |
| Blue Ridge | 2,800 | $75,871 | $274,500 | $1,287 |
| Troutville | 475 | $63,750 | $221,000 | $1,537 |
| Daleville | 3,797 | $103,056 | $370,100 | $1,793 |
| Laymantown | 1,626 | $88,401 | $285,200 | — |
| Glasgow | 1,330 | $51,827 | $131,300 | $764 |
| Bedford | 7,724 | $70,288 | $222,500 | $828 |
| Cloverdale | 3,208 | $79,975 | $359,900 | $921 |
More for people moving to Buchanan
Buchanan ZIP code ›Weather and climate ›Living in Buchanan: FAQ
What is the median household income in Buchanan, VA?
The median household income in Buchanan is $54,226, 42% lower than the Virginia median of $93,170 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Buchanan?
The median home value in Buchanan is $187,500, compared with $383,700 in Virginia.
How much is rent in Buchanan?
The median gross rent in Buchanan is $958 per month, about 30% of household income.
Is Buchanan, VA a good place to live?
Pluses: home values 51% lower than the state median. Minuses: median household income 42% lower than the Virginia median; an average commute of 33 minutes; unemployment of 6.6%; a poverty rate of 17.9%.
What is the median age in Buchanan?
The median age in Buchanan is 43.2 years (Virginia: 39).
How long is the commute in Buchanan?
The average commute to work in Buchanan is 33 minutes; 6.5% of workers work from home.
What is the unemployment rate in Buchanan?
The unemployment rate in Buchanan is 6.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Buchanan?
29% of adults in Buchanan have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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