Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Buchanan

Learn about the people, housing, costs and businesses in Buchanan, New York

Median Home$525,500
Median Rent$1,953/month
Population2,397
Leading IndustriesPublic Administration · Professional Services · Education45% public administration
Home Value Growth⬆⬆+12.8% over 2 years
Young Adults29% of residentsslightly above average
Homeowners87% of occupied units
NotableHighly Educated32% bachelor's · 14% graduate · top 6% nationally
NotableHigh Incomes$128k/year · top 7% nationally
Buchanan
NY

Frequently Asked Questions

What are today's mortgage rates in Buchanan?

As of today, the 30-year fixed mortgage rate for Buchanan is approximately 6.840% (6.874% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Buchanan
What is the median home price in Buchanan?

The median home value in Buchanan is $526k. The median monthly rent is $1,953. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Buchanan?

Home values in Buchanan have increased 12.8% over the past two years. This indicates a strong appreciation trend. 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?

Based on a typical all-in ownership cost of $2,611/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $112k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Buchanan is $128k/year.

Calculate your buying power
What industries drive the economy in Buchanan?

The largest employment sectors in Buchanan are public administration (45%) and retail (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.