Buchanan, NY—10511
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Buchanan, NY
As of Oct '25, the median home price in Buchanan, NY is $561,000, with a year-over-year change of -4.4%. This indicates that home prices in Buchanan, NY are decreasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $561,000 | -4.4% |
| Single Family | $561,000 | -6.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Buchanan, NY
As of July '25, Rentcast reports the average rent in Buchanan, NY is $2,900, with a year-over-year rent change of 34.9%. Per bedroom, the median rent as of July '25 in Buchanan, NY is 1-bedrooms: $2,400, 2-bedrooms: $2,250, 3-bedrooms: $3,450. The most common rental property sizes in Buchanan, NY are 1-bedroom and 2-bedroom, accounting for 45.1% and 36.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,790 | $2,900 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,000 | $2,400 |
| 2 Bed Rent | $2,250 | $2,250 |
| 3 Bed Rent | $3,550 | $3,450 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Buchanan, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Buchanan, NY is 18. This is a increase of 44.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $649,000 | -12.0% |
Listing Count | 3 | 33.0% |
| Listings as % of Homes | 0.4% | 33.0% |
Days on Market | 18 | 44.0% |
Demographics — Buchanan, NY
As of the latest ACS Survey released in 2023, Buchanan, NY has a population of 2,300, which has increased by 6.4% over the past 5 years. Buchanan, NY is a moderately popular place for families, as children make up 22.3% of the population. The area has a highly educated workforce, with 45.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,300 | 6.4% |
% Under 18 | 22.3% | 13.8% |
% Seniors | 18.5% | 33.1% |
% WFH | 10.8% | 151.2% |
% w/ College Degree | 45.8% | 23.1% |
As of the latest ACS Survey released in 2023, Buchanan, NY is a predominantly white area, with 57.9% of the population identifying as white. The white population has shrunk by 25.6% in the last 5 years. The second most common race or ethnicity in Buchanan, NY is hispanic, making up 21.8% of the population. Foreign-born residents account for 9.5% of the population in Buchanan, NY, and this percentage has decreased by 15.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 57.9% | -25.6% |
% Black | 7.5% | -3.8% |
% Hispanic | 21.8% | 75.8% |
% Asian | 5.8% | 480.0% |
% Foreign Born | 9.5% | -15.2% |
Mortgage and Risk — Buchanan, NY
According to HUD data as of 2023, there were 35 mortgage originations in Buchanan, NY, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Buchanan, NY. Investor activity is low, as 0.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 35 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Buchanan, NY
Buchanan, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 18 |
Total Units Section 8 | 18 |
% Rentals under Section 8 | 19.6% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $300 | $2,000 | $2,300 |
| 2 Bedroom | $300 | $2,250 | $2,550 |
| 3 Bedroom | -$370 | $3,550 | $3,180 |
| 4 Bedroom | N/A | N/A | $3,430 |
Affordability — Buchanan, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $561,000 |
| Median Household Income | $127,000 |