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Buchanan Dam

Learn about the people, housing, costs and businesses in Buchanan Dam, Texas

Median Home$299,800
Median Rent$936/month
Population1,714
Leading IndustriesManufacturing · Education · Information & Media8% manufacturing
Home Value Growth+2.3% over 2 years
Retirees35% of residentstop 3% nationally
Homeowners70% of occupied units
NotableVeteran Community14% of residents · top 3% nationally
Buchanan Dam
TX

Frequently Asked Questions

What are today's mortgage rates in Buchanan Dam?

As of today, the 30-year fixed mortgage rate for Buchanan Dam is approximately 6.851% (6.886% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Buchanan Dam?

The median home value in Buchanan Dam is $300k. The median monthly rent is $936. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Buchanan Dam?

Home values in Buchanan Dam have increased 2.3% over the past two years. The market has been relatively stable. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Buchanan Dam?

Based on a typical all-in ownership cost of $803/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Buchanan Dam is $56k/year.

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What industries drive the economy in Buchanan Dam?

The largest employment sectors in Buchanan Dam are public administration (20%) and information and media (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.