The story of this market
The typical home in Buchanan County, Virginia sells for about $77,770, or $44 per square foot.
Prices are down 7.99% from a year ago, which gives buyers more room to negotiate. Homes take about 226 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $943 a month.
HUD sets the fair market rent for a 2-bedroom at $943 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Moderate.
Monthly price momentum
Home values since 2015
+2.6%
VA · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,306
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Natural hazard exposure
The area's risk shape
72
Relatively Moderate
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $10,745,166.
Mortgage activity
Home lending in this county
58.3%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 340 | 137 | 58.3% | 10% | $125,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Buchanan County, Virginia
The Buchanan County housing market is characterized by low inventory and declining home values, reflecting broader economic challenges in the region. With a median home price of $77,770 and very low sales volume, the market remains stagnant. High poverty rates and population decline continue to suppress demand and investment.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 3 cities · 6 ZIP reports
Median prices moved up 0.0% year over year.
Homes spend a median of 1 days on market with 0.1 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 1.5% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.4% · poverty 25.2% — a mixed stability profile.
ACS 2024 5-year estimates. Aggregate published statistics for this county — never individual records, and never an attribute of any individual property or resident.
Deterministic aggregate of 6 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Buchanan County, Virginia — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 20
researched Sep 16
researched Sep 20
researched Sep 16
researched Sep 20
researched Sep 17
| 24609 | Cedar Bluff | $144,000 | $85 | +2.1% | 68 | 92% | 12% | 4.2 | 47 | $857 | researched Sep 20 |
| 24614 | Grundy | $149,900 | $96 | -2.1% | 88 | 94.5% | 12% | 11.6 | 93 | $873 | researched Sep 16 |
| 24628 | Maxie | $145,000 | $112 | +2.1% | 68 | 96.5% | 15% | 4.2 | 12 | $950 | researched Sep 20 |
| 24631 | Oakwood | $24,631 | $150 | +2.1% | 45 | 98.5% | 15% | 4.2 | 12 | $732 | researched Sep 16 |
| 24637 | Pounding Mill | $125,000 | $85 | +2.1% | 68 | 96.5% | 12.5% | 5.2 | 42 | $780 | researched Sep 20 |
| 24656 | Vansant | — | — | 0% | — | — | — | — | — | $635 | researched Sep 17 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
The county economy is historically tied to coal mining, with ongoing efforts to diversify into other sectors; however, population decline and economic challenges remain significant factors.
Property taxes are assessed by the county based on fair market value; specific rates and exemptions are determined by the Buchanan County Board of Supervisors.
The economy is heavily influenced by the coal industry, with recent data showing a 6.4% unemployment rate and a significant portion of the population living below the poverty line.
The county is served by a network of state routes and secondary roads, with limited public transit infrastructure due to the mountainous terrain.
The Buchanan County Commissioner of the Revenue is responsible for the assessment of real estate and personal property based on established market values.
The county is served by the Buchanan County Public Schools district and various regional utility authorities.
- Back of the Dragon4.827.3 mi
- Southern Gap Outdoor Adventure4.89.4 mi
- Breaks Interstate Park4.716.6 mi
- Southern Gap Outdoor Adventure4.89.4 mi
- Poplar Gap Park4.69 mi
- Broadway Cinemas417.7 mi
- Council Park & Pool4.711.9 mi
- Wilmore Dam4.820.2 mi
- West Virginia Mine Wars Museum4.828 mi
- Historic Crab Orchard Museum4.724.7 mi
- Museum Of The Middle Appalachians4.828 mi
- Matewan Depot Replica Welcome Center and Museum4.828 mi
- Breaks Interstate Park4.716.6 mi
- Poplar Gap Park4.69 mi
- Council Park & Pool4.711.9 mi
- Richlands Town Recreation Park4.415.8 mi
- Claypool Hill Mall3.517.8 mi
- Grundy Town Center4.26.3 mi
- Richlands Mall414 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
Known as the Grand Canyon of the South, it offers extensive hiking, camping, and scenic views that serve as a major regional attraction.
Data retrieved from Census Reporter and QuickFacts.