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Advertise here →Buchanan, MI · Market Data
Buchanan, Michigan real estate market data.
Real estate market data for Buchanan, MI (Berrien County) — Census median home value $138,400, county listing prices down about 3.2% over the past year.
Buchanan, MI is in Berrien County, Michigan — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 4,259, with a median household income of $54,068. Census data puts Buchanan's median home value at $138,400 (all owner-occupied homes); Berrien County's current median listing price runs $435,500, down about 3.2% over the past year.
At a glance
Buchanan market snapshot
Population
4,259
Median Household Income
$54,068
Median Home Value (city)
$138,400
Median Listing Price (Berrien County)
$435,500
Median Gross Rent
$952/mo
Price Trend (YoY)
-3.2%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Buchanan different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Buchanan's median home value — across all owner-occupied homes, not just recent sales — at $138,400. Separately, Berrien County's current median listing price (via Realtor.com data, 2026-06-01) runs $435,500. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Berrien County's FHFA house price index shows a 3.69% annual change in 2025.
Population & Income
Buchanan has an estimated population of 4,259 and a median household income of $54,068, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Buchanan's Census-reported median home value works out to about 2.6x the area's median household income, and median gross rent runs roughly 21% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Buchanan FAQ
What are home values like in Buchanan, MI?
The Census Bureau's American Community Survey puts Buchanan's median home value at $138,400. Berrien County's current median listing price runs $435,500, down about 3.2% over the past year.
What is the population of Buchanan, MI?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Buchanan's population at approximately 4,259.
What's the median rent in Buchanan, MI?
The Census ACS estimates median gross rent in Buchanan at approximately $952 per month.
What is the median household income in Buchanan, MI?
Census ACS data puts the median household income in Buchanan at approximately $54,068.
Is the Buchanan housing market growing?
Berrien County's FHFA house price index shows a 3.69% annual change in 2025.
Is Buchanan, MI affordable relative to income?
Census ACS data puts Buchanan's median home value at about 2.6 times the median household income, with median gross rent equal to roughly 21% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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