Buchanan, MO is a great place to buy a home. The median value of housing in the area is much lower than the national median value at $64,200 compared to $338,100. In the past year, the local house appreciation rate has been 13.45%, higher than the national one year appreciation rate of 8.27%. This makes Buchanan an attractive option for first time home buyers and investors alike as it offers a more affordable market with potential for increased returns on investment.
The median home cost in Buchanan is $64,200. Home appreciation the last 10 years has been 73.2%. Home Appreciation in Buchanan is up 17.1%.
Average Age of Homes
- The median age of Buchanan real estate is 38 years old
The Rental Market in Buchanan
- Renters make up 0.7% of the Buchanan population
- 0.0% 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.