Buchanan, TN—38222
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Buchanan, TN
As of Oct '25, the median home price in Buchanan, TN is $276,000, with a year-over-year change of 3.9%. This indicates that home prices in Buchanan, TN are increasing. According to Zillow, the 1-year price projection is 3.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $276,000 | 3.9% |
| Single Family | $274,000 | 5.8% |
| 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, TN
Buchanan, TN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Buchanan, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Buchanan, TN is 80. This is a decrease of -25.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $380,000 | -6.0% |
Listing Count | 25 | -2.0% |
| Listings as % of Homes | 0.8% | -2.0% |
Days on Market | 80 | -25.0% |
Demographics — Buchanan, TN
As of the latest ACS Survey released in 2023, Buchanan, TN has a population of 1,900, which has decreased by -41.0% over the past 5 years. Buchanan, TN is a moderately popular place for families, as children make up 19.9% of the population. The area has a poorly educated workforce, with 24.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,900 | -41.0% |
% Under 18 | 19.9% | -8.3% |
% Seniors | 23.0% | 23.7% |
% WFH | 13.0% | 242.1% |
% w/ College Degree | 24.1% | 2.1% |
As of the latest ACS Survey released in 2023, Buchanan, TN is a predominantly white area, with 88.2% of the population identifying as white. The white population has shrunk by 8.7% in the last 5 years. The second most common race or ethnicity in Buchanan, TN is hispanic, making up 4.1% of the population. Foreign-born residents account for 0.8% of the population in Buchanan, TN, and this percentage has decreased by 65.2% 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 | 88.2% | -8.7% |
% Black | 1.7% | ∞% |
% Hispanic | 4.1% | 36.7% |
% Asian | 0.1% | ∞% |
% Foreign Born | 0.8% | -65.2% |
Mortgage and Risk — Buchanan, TN
According to HUD data as of 2023, there were 136 mortgage originations in Buchanan, TN, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Buchanan, TN. Investor activity is low, as 8.0% 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 | 136 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 8.0% |
% Second Loans | 12.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Buchanan, TN
Buchanan, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | N/A | N/A | $1,050 |
| 3 Bedroom | N/A | N/A | $1,270 |
| 4 Bedroom | N/A | N/A | $1,440 |
Affordability — Buchanan, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $276,000 |
| Median Household Income | $55,000 |