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Buchanan, Virginia

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
1,367
Population
$54,226
Median Income
$187,500
Home Value
43.2
Median Age

Demographics

Buchanan has a population of 1,367 with a median age of 43.2. Here is the racial and ethnic breakdown of the population:

White
93.3%
Black
3.5%
Other
2.3%
Asian
0.9%
Demographic Value
Total Population1,367
Median Age43.2
White93.3%
Black or African American3.5%
Asian0.9%
Other / Two or More Races2.3%
Buchanan, Virginia — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 100.White: 93.3%Black: 3.5%Other: 2.3%Other: 0.9%1,367PopulationWhiteWhite93.3%BlackBlack3.5%OtherOther2.3%OtherOther0.9%

Income & Economy

The median household income in Buchanan is $54,226, which is 32.7% below the national median of $80,610. The per capita income is $29,722. The poverty rate is 17.9%.

$54,226
Median Household Income
$29,722
Per Capita Income
17.9%
Poverty Rate

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Education

In Buchanan, 94.7% of residents age 25+ have a high school diploma or higher, and 29.0% hold a bachelor's degree or higher (14.0% with a graduate or professional degree).

HS Diploma+
94.7%
Bachelor's+
29.0%
Graduate+
14.0%
Education Level % of Adults (25+)
High School Diploma or Higher94.7%
Bachelor's Degree or Higher29.0%
Graduate or Professional Degree14.0%

Housing

The median home value in Buchanan is $187,500, below the national median of $303,400. The median monthly rent is $958. The homeownership rate is 80.5%.

$187,500
Median Home Value
$958/mo
Median Rent
80.5%
Homeownership Rate
Housing Metric Value
Median Home Value$187,500
Median Monthly Rent$958
Homeownership Rate80.5%
Vacancy Rate15.5%

Salaries in Virginia

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Frequently Asked Questions

What is the population of Buchanan, Virginia?
The population of Buchanan, Virginia is 1,367 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Buchanan, Virginia?
The median household income in Buchanan, Virginia is $54,226. This is 32.7% below the national median of $80,610.
What is the median home value in Buchanan, Virginia?
The median home value in Buchanan, Virginia is $187,500. The median monthly rent is $958.
What percentage of people in Buchanan have a college degree?
In Buchanan, Virginia, 29.0% of adults age 25 and older hold a bachelor's degree or higher, and 94.7% have a high school diploma or higher.
Is Buchanan, Virginia an affordable place to live?
The home price-to-income ratio in Buchanan, Virginia is 3.5x (median home value $187,500 vs. median income $54,226), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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