Housing in Buchanan, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$247,500
Median List Price
$234,900
Price Per Sq Ft
$195
Days on Market
54
Active Inventory
15
Months of Supply
7.5
Buyer's market
Zillow Home Value
$212,424
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
0.0%
Sale-to-List Ratio
95.4%
Buyer's market
Market Activity
Source: RedfinHomes Sold
2
New Listings
3
Pending Sales
4
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$195
Median List $/SF
$171
Buchanan vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Buchanan is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$138,400
Median Rent
$952
Total Housing Units
2,112
Vacancy Rate
15.7%
Owner Occupied
56.0%
Renter Occupied
44.0%
Median Property Tax
$1,988
per year
Monthly Cost (w/ Mortgage)
$785
Housing Types
The current median sale price in Buchanan, MI is $247,500 according to Redfin data. Homes spend a median of 54 days on the market. 0.0% of homes sold above asking price. The market has 7.5 months of supply. The median price per square foot is $195. The median rent is $952 per month (Census ACS). About 56.0% of housing units are owner-occupied. The median year homes were built is 1958. There are 2,112 total housing units.