The housing in Buchanan, MI is significantly lower than the US median value, coming in at $150,000. However, it is still appreciating at a rate greater than the US overall with an appreciation of 11.06% compared to 8.27%. This could make it a very attractive option for potential homebuyers looking for affordability and stability in their investment.
The median home cost in Buchanan is $150,000. Home appreciation the last 10 years has been 85.3%. Home Appreciation in Buchanan is up 19.5%.
Average Age of Homes
- The median age of Buchanan real estate is 54 years old
The Rental Market in Buchanan
- Renters make up 34.9% of the Buchanan population
- 3.6% of houses and apartments in Buchanan, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.