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Housing Affordability in Buchanan, MI
Households that spend 30% or more of income on housing, rent and owner costs compared with income. American Community Survey 2020-2024 5-year estimates.
- Households paying 30%+ for housing
- 28.0%
- Michigan 27.4%
- Renters paying 30%+
- 46.8%
- Michigan 50.4%
- Homeowners paying 30%+
- 14.1%
- Michigan 19.6%
- Owner costs with a mortgage
- $1,233/mo
- Michigan $1,569/mo
Buchanan has fewer than 10,000 residents, so these survey estimates have wide margins of error. Compare with care.
Housing costs compared with income
- Renters paying 30% or more34846.8%
- Homeowners paying 30% or more14214.1%
- Renters paying 50% or more658.7%
- Median rent as a share of income: 28.3%
- Median owner costs as a share of income, with a mortgage: 16.7%
- Median owner costs without a mortgage: $623/mo
- Median home value divided by median household income: 2.7
How it compares
Swipe the table sideways to see more columns.
| Area | Households paying 30%+ for housing | Renters 30%+ | Owners 30%+ | Median rent as % of income |
|---|---|---|---|---|
| Buchanan, MI | 28.0% | 46.8% | 14.1% | 28.3% |
| Berrien County | 28.2% | 49.9% | 20.6% | 29.9% |
| Michigan | 27.4% | 50.4% | 19.6% | 30.2% |
| United States | 32.2% | 51.1% | 22.7% | 30.6% |
Frequently asked questions
- What is the housing cost burden in Buchanan, MI?
- In Buchanan, MI, 28.0% of households spend 30% or more of their income on housing costs.
- How does Buchanan compare with Michigan?
- The households paying 30%+ for housing in Buchanan is 28.0%, compared with 27.4% for Michigan as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates