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Buchanan, MI Housing

 
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As of 2010-2014, median price of a house in Buchanan is $106,200, which is lower than the state average of $120,200 and is much lower than the national average of $175,700. The Buchanan median house value has grown by 53.25% since 2000. The growth rate for the price of a house in Buchanan is much higher than the state average rate of 3.98% and is higher than the national average rate of 46.91%. The median year that a house in Buchanan was built is 1950, which is older than the median year for a house built in the state which is 1969 and is older than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 1,242 Owner Occupied Houses in Buchanan, MI, #237
Buchanan, MI
106,200 USD
Michigan
120,200 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #27
Buchanan, MI
53.25%
Michigan
3.98%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Buchanan, MIMichiganU.S.
Total Housing Units2,188, see rank, 100%4,532,719132,741,033
Occupied Housing Units2,005, 91.64%, see rank84.45%87.55%
Owner Occupied1,242, 56.76%, see rank60.41%56.34%
Renter Occupied763, 34.87%, see rank24.04%31.21%
Vacant Housing Units183, 8.36%, see rank15.55%12.45%
For Rent85, 3.88%, see rank1.84%2.34%
For Sale Only42, 1.92%, see rank1.40%1.20%
Rented or Sold, Not Occupied0, 0.00%, see rank1.04%0.92%
For Seasonal, Recreational, or Occasional Use14, 0.64%, see rank6.26%3.97%
For Migrant Workers0, 0.00%, see rank0.05%0.03%
Other Vacant42, 1.92%, see rank4.96%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #567
Buchanan, MIMichiganU.S.
195019691976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Buchanan, MI%MichiganU.S.
Owner-Occupied Units1,242100%2,738,01274,787,460
With a Mortgage75660.87%, see rank63.63%65.58%
Without a Mortgage48639.13%, see rank36.37%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Buchanan, MI
1,126 USD
Michigan
1,295 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsBuchanan, MI%MichiganU.S.
$299 or Less00.00%, see rank0.19%0.20%
$300 to $499141.85%, see rank1.88%1.59%
$500 to $69911615.34%, see rank6.65%5.01%
$700 to $99914919.71%, see rank19.56%14.32%
$1,000 to $1,49939752.51%, see rank34.69%27.90%
$1,500 to $1,999293.84%, see rank20.06%20.35%
$2,000 to $2,999516.75%, see rank12.84%19.52%
$3,000 or More00.00%, see rank4.13%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Buchanan, MI
17.90% of the Total Income
Michigan
22.60% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Buchanan, MI%MichiganU.S.
10% or Less334.37%, see rank5.90%5.86%
10% to 20%40753.84%, see rank35.28%31.95%
20% to 30%17222.75%, see rank27.51%27.64%
30% to 40%607.94%, see rank12.63%13.74%
40% or More8411.11%, see rank18.20%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Buchanan, MI
436 USD
Michigan
463 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsBuchanan, MI%MichiganU.S.
$199 or Less357.20%, see rank4.74%7.76%
$200 to $299357.20%, see rank12.46%14.70%
$300 to $49924550.41%, see rank40.41%34.63%
$500 to $69910922.43%, see rank25.95%21.16%
$700 or More6212.76%, see rank16.44%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Buchanan, MI
15.40% of the Total Income
Michigan
13.40% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Buchanan, MI%MichiganU.S.
10% or Less19940.95%, see rank35.33%40.19%
10% to 20%13527.78%, see rank33.76%31.47%
20% to 30%8317.08%, see rank13.39%12.24%
30% to 40%153.09%, see rank6.18%5.64%
40% or More449.05%, see rank9.99%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Buchanan, MIMichiganU.S.
Total Housing Units2,188, 100%4,532,719132,741,033
1-unit, Detached1,394, 63.71%, see rank71.97%61.65%
1-unit, Attached0, 0.00%, see rank4.66%5.82%
2 Units246, 11.24%, see rank2.58%3.75%
3 or 4 Units167, 7.63%, see rank2.56%4.43%
5 to 9 Units110, 5.03%, see rank4.20%4.78%
10 or More Units238, 10.88%, see rank8.58%13.08%
Mobile Home, Boat, RV, Van, etc.33, 1.51%, see rank5.45%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Buchanan, MIMichiganU.S.
Total Housing Units2,188, 100%4,532,719132,741,033
1 Room48, 2.19%, see rank1.24%1.95%
2 Rooms127, 5.80%, see rank1.78%2.48%
3 Rooms234, 10.69%, see rank7.14%9.13%
4 Rooms390, 17.82%, see rank14.38%16.60%
5 Rooms279, 12.75%, see rank21.00%20.41%
6 Rooms448, 20.48%, see rank20.07%18.06%
7 Rooms289, 13.21%, see rank13.45%12.27%
8 Rooms171, 7.82%, see rank9.27%8.48%
9 Rooms or More202, 9.23%, see rank11.67%10.60%
Median Rooms5.50, see rank5.705.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Buchanan, MIMichiganU.S.
Total Housing Units2,188, 100%4,532,719132,741,033
No Bedroom48, 2.19%, see rank1.35%2.17%
1 Bedroom448, 20.48%, see rank9.11%11.16%
2 Bedrooms441, 20.16%, see rank26.33%26.69%
3 Bedrooms888, 40.59%, see rank43.93%39.70%
4 Bedrooms287, 13.12%, see rank15.80%16.05%
5 or More Bedrooms76, 3.47%, see rank3.47%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Buchanan, MIMichiganU.S.
Total Housing Units2,005, 100%3,827,880116,211,092
Utility Gas1,479, 73.77%, see rank77.13%48.85%
Bottled, Tank, or LP Gas50, 2.49%, see rank8.48%4.86%
Electricity410, 20.45%, see rank8.30%36.68%
Fuel Oil, Kerosene, etc.45, 2.24%, see rank1.40%5.86%
Coal or Coke0, 0.00%, see rank0.03%0.12%
Wood21, 1.05%, see rank3.39%2.12%
Solar Energy0, 0.00%, see rank0.02%0.05%
Other Fuel0, 0.00%, see rank0.86%0.47%
No Fuel Used0, 0.00%, see rank0.39%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalBuchanan, MIMichiganU.S.
Occupied Units Paying Rent739, 100%1,028,83539,201,928
$199 or Less33, 4.47%, see rank1.86%1.50%
$200 to $29915, 2.03%, see rank3.88%3.18%
$300 to $499257, 34.78%, see rank9.32%7.37%
$500 to $699294, 39.78%, see rank23.63%16.01%
$700 to $999106, 14.34%, see rank35.23%29.17%
$1,000 to $1,49934, 4.60%, see rank20.17%26.88%
$1,500 to $1,9990, 0.00%, see rank3.85%9.79%
$2,000 or More0, 0.00%, see rank2.06%6.10%
Median$529, see rank$780$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Buchanan, MIMichiganU.S.
Occupied Housing Units2,005, 100%3,827,880116,211,092
No Vehicles Available331, 16.51%, see rank7.97%9.12%
1 Vehicles Available737, 36.76%, see rank35.06%33.80%
2 Vehicles Available659, 32.87%, see rank38.45%37.48%
3 or More Vehicles Available278, 13.87%, see rank18.52%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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