Buchanan, Virginia.
Typical home $217,768 (+3.7% in a year). Roanoke, VA metro.
to buy the typical home at today's mortgage rate — +$536 (+88%) since Jan 2020.
- 1 year
- Up $7,758 +4%
- $210,011$217,768 since Sep 2025
- 5 years
- Up $26,963 +14%
- $190,805$217,768 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Buchanan$1,143
- Virginia$2,164
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 26 years.
Typical home values in Buchanan, VA rose 3.7% over the past year — faster than the nation's +1.2%.
Living in Buchanan, Botetourt County, Virginia
Buchanan is a town of 1,196 people in Botetourt County. Half its households earn more than $54,226 a year and half less, against $81,213 across Botetourt County. 80% of its homes are lived in by their owners and 20% are rented. Unemployment in Botetourt County was 3.0% in August 2026, and the county had 5.2% more jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Buchanan is a small town in Botetourt County, Virginia, with a settled feel: most homes are lived in by their owners rather than rented. Household incomes in town run well below the county's, and a typical home is valued at about what the Zillow estimate shows beside this text. Winters are cold, with some snow most years, while summers are warm and rain is spread through the year.
Work. Residents work mostly in schools, hospitals and social care, followed by shops, manufacturing, and professional and business services. A minority of adults hold a four-year degree, and few work from home. Across Botetourt County, jobs grew over the past year and unemployment stayed low, and among the county's largest workplaces are Altec Industries and Botetourt County Public Schools.
Things to do. Cove Mountain, a protected area, lies in or beside town, so open ground for walking is close at hand. A longer drive brings you to Douthat State Park, a protected area, and to the Booker T. Washington National Monument, a museum. Several rivers, including the Jackson River and Craig Creek, are also a longer drive away.
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- 528households
- 29%of adults have a degree
- 6%work from home
What residents work in
Employed residents by industry, from the Census survey. Botetourt County had 12,344 jobs in 2025, 5.2% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 44° and lows near 27°; warmest in July, with highs near 86° and lows near 67°. About 11 inches of snow and 44 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Buchanan weather station, under a mile away (NOAA).
Largest workplaces in Botetourt County
- Altec IndustriesManufacturing1,283
- New River Electrical Corp - CloverdaleElectric power transmission line and tower construction1,168
- Botetourt County Public SchoolsSchool district783FTE
- Botetourt County Board of SupervisorsExecutive offices, federal, state, and local655
- Munters Corporation Daleville VaAir-conditioning and warm air heating combination units manufacturing489
- Dynax AmericaAutomotive parts manufacturing457
- Metalsa RoanokeMotor vehicle metal stampings manufacturing405
- Arkay PackagingBoxes, folding, made from purchased paperboard250
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 36 workplaces with 20 or more staff, 7,348 people in all across the county; Buchanan has none of its own. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Inland floodingRelatively high
- LandslidesRelatively moderate
- Strong windRelatively moderate
- LightningRelatively moderate
- Winter weatherRelatively moderate
- Cold wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Buchanan’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Botetourt County and the Roanoke, VA metro.
Buchanan home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Buchanan$217,768
- Virginia$412,252
- United States$366,157
Sellers are cutting prices on about 1 in 3 Buchanan listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Buchanan32.37%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Buchanan22
New listings per month
Sellers arriving at the market.
- Buchanan6
Zip codes with a Buchanan address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Buchanan — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.