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Buchanan, VA Real Estate


According to census data in the year 2000 there were 586 housing units in Buchanan. This represents a 11.8% growth from 524 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 586 were located in what is classified as a rural area.

Homeownership rate in Buchanan is about 75.6%. Buchanan's vacancy rate, including seasonal lodging, is about 6.3%. Average household size is 2.29 people.

The majority of houses, apartments or condos in Buchanan were built after 1957.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom3.20%
Two Bedrooms36.70%
Three Bedrooms46.90%
Four Bedrooms10.60%
Five Bedrooms or more2.60%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.36
Median year structure was built1956
Median Value of occupied units$79,300
Median Price asked for vacant units$77,500

Rented Homes, Apartments and Condos

Average Household Size2.07
Median year structure was built1963
Median Monthly Rent asked for vacant units$425

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.80%
Home Equity Loan6%
Simple Mortgage44.60%
Debt Free44.60%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs17%