Zip 49107 (Buchanan, MI) Housing

The housing market in 49107 Buchanan, MI has been very strong over the past year. The median value of homes in this area is $186,000, significantly lower than the US median value of $338,100. However, what makes the housing market particularly attractive right now is its rate of appreciation - 11.06%, compared to 8.27% for the entire US. This indicates that housing prices are increasing quickly and steadily in this area, making it an ideal location for those interested in investing in property or purchasing their first home.

The median home cost in Buchanan (zip 49107) is $186,000. Home appreciation the last 10 years has been 85.3%. Home Appreciation in Buchanan (zip 49107) is up 19.5%.

Average Age of Homes

- The median age of Buchanan (zip 49107) real estate is 51 years old

The Rental Market in Buchanan (zip 49107)

- Renters make up 19.5% of the Buchanan (zip 49107) population
- 1.5% of houses and apartments in Buchanan (zip 49107), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Buchanan, Michigan	United States
	5,100.0	139,647,020.0
	56	42
	$186,000	$338,100
	19.5%	16.6%
	59.8%	57.0%
	85.3%	101.1%
	$11.61	$10.98
	$1,793	$2,690
	64.8%	57.4%
	17.9%	11.2%
	17.3%	31.4%
Vacant Housing
	1.5%	1.9%
	0.0%	0.4%
	0.5%	0.7%
	0.0%	0.4%
	7.2%	3.6%
	8.8%	4.1%
Value of Owner-Occupied Housing
	3.9%	2.6%
	3.1%	2.4%
	2.5%	2.8%
	4.4%	3.9%
	3.6%	4.5%
	30.1%	11.3%
	21.4%	13.0%
	17.1%	20.1%
	7.8%	13.6%
	2.4%	8.3%
	2.2%	9.7%
	0.4%	3.9%
	0.5%	2.2%
	0.0%	0.8%
	0.7%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	8.4%	13.6%
	8.4%	13.6%
	10.0%	13.6%
	7.8%	13.2%
	13.8%	14.8%
	10.0%	13.6%
	13.5%	10.0%
	7.5%	4.7%
	19.4%	12.2%

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