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 Type | 0% |
| One Bedroom | 3.20% |
| Two Bedrooms | 36.70% |
| Three Bedrooms | 46.90% |
| Four Bedrooms | 10.60% |
| Five Bedrooms or more | 2.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.36 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $79,300 |
| Median Price asked for vacant units | $77,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.07 |
| Median year structure was built | 1963 |
| Median Monthly Rent asked for vacant units | $425 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.80% |
| Home Equity Loan | 6% |
| Simple Mortgage | 44.60% |
| Debt Free | 44.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17% |
