Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$76,546−3.8% YoY · prices are falling fast
Market right nowBuyer's marketMore homes for sale than last year, 8% have cut their price
Income needed to buy, per year$16,594About 0.4× the local median income ($47,088): affordable for a typical household
Days on market100 daysSlower than a year ago: buyers have time to negotiate
The typical home in Buchanan County, VA is worth $76,546, down 3.8% from a year ago. That is well below what local incomes have historically supported: fair value is about $108,180, so the area is 29.2% undervalued. It is a buyer's market: homes take about 100 days to sell, listings are up 100% from a year ago, 8% of listings have had a price cut. A household needs about $16,594 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $47,088. In the latest IRS figures, 118 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$76,546
Change in 1 year
−3.8%
Overvalued %
−29.2%
Show 6 more
Fair home value
$108,180
Change in 5 years
−12.0%
Home value to income
1.6×
Monthly mortgage payment (20% down)
$415
Income needed to afford it
$16,594
Property tax rate
0.43%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$943
Market activity
Listings vs a year ago
+100.0%
Days on market
100
Listings with a price cut
8.3%
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Homes for sale
34
Pending sales per 100 listings
18
Asking price per sq ft
$110
People and jobs
Median household income
$47,088
Population change (1 year)
−1.2%
Unemployment rate
3.9%
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Population
18,492
Income adjusted for cost of living
$53,267
Net moves in (IRS)
−118
Cost of living (US = 100)
88.4
Schools, risk and environment
School rating (1 to 10)
4.6
FEMA hazard risk score (0 to 100)
50.6
Flood risk score
70.2
Show 3 more
Wildfire risk score
72.0
Walkability (1 to 20)
4.7
Road, rail and air noise
54 dB
Questions people ask
Is Buchanan County, VA overvalued?
Home prices in Buchanan County, VA are well below what local incomes have historically supported: fair value is about $108,180, so the area is 29.2% undervalued.
Is Buchanan County, VA a buyer's or seller's market?
Buchanan County, VA is a buyer's market: homes take about 100 days to sell, listings are up 100% from a year ago, 8% of listings have had a price cut.
Are home prices going down in Buchanan County, VA?
Home values in Buchanan County, VA are down 3.8% over the last year.
How much do you need to earn to buy a home in Buchanan County, VA?
A household needs about $16,594 a year to afford the typical home in Buchanan County, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $47,088.