HomeVirginiaBotetourt CountyBuchanan
Buchanan, Virginia: commercial real estate data.
Buchanan is a Census town of 1,367 people across 2.17 square miles of land, in Botetourt County. Median household income is $54,226, 80.5 percent of occupied homes are owned, and the SBA record carries 2 7(a) approvals to borrowers here worth $5.6 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Buchanan
What Buchanan is
- Census place typetown
- Land area2.17 sq mi
- Water area0.05 sq mi
- Population per square mile of land630 plus or minus 127
- County holding the largest share of its areaBotetourt County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Buchanan
How many people live in Buchanan
- Population1,367 plus or minus 275
- Median age43.2 plus or minus 9.3
- Population under 18315 plus or minus 90
- Share under 1823.0 percent plus or minus 4.7
- Population 65 and over226 plus or minus 68
- Share 65 and over16.5 percent plus or minus 3.7
- Households528
- Family households338 plus or minus 73
- Share of households that are families64.0 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Buchanan
Income and work in Buchanan
- Median household income$54,226
- Per capita income$29,722
- Civilian labor force620 plus or minus 178
- Employed579 plus or minus 145
- Unemployed41 plus or minus 50
- Unemployment rate6.6 percent plus or minus 7.8
- Adults 25 and over902
- Adults 25 and over with a high school diploma or higher94.7 percent
- Adults 25 and over with a bachelor degree or higher29.0 percent plus or minus 7.3
- Adults 25 and over with a graduate degree14.0 percent plus or minus 6.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Buchanan
Housing in Buchanan
- Housing units625
- Occupied units528
- Vacant units97 plus or minus 66
- Vacancy rate15.5 percent plus or minus 10.1
- Owner occupied425
- Renter occupied103 plus or minus 55
- Ownership rate80.5 percent
- Median owner-occupied home value$187,500 plus or minus $45,005
- Median gross rent, monthly$958
- Annual rent as a share of median income21.2 percent
- Single family units549 plus or minus 116
- Share single family87.8 percent
- Units in buildings of two or more17 plus or minus 25
- Share in buildings of two or more2.7 percent plus or minus 3.9
- Mobile homes59 plus or minus 39
- Median year structure built1972
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Buchanan
How Buchanan gets to work
- Workers 16 and over who commute536 plus or minus 141
- Commuting under 15 minutes50 plus or minus 44
- Share commuting under 15 minutes9.3 percent plus or minus 7.9
- Commuting 30 minutes or more234 plus or minus 87
- Share commuting 30 minutes or more43.7 percent plus or minus 11.6
- Drove alone79.8 percent plus or minus 27.5
- Carpooled9.6 percent plus or minus 7.1
- Public transport0.0 percent
- Walked4.2 percent plus or minus 6.5
- Worked from home6.5 percent plus or minus 3.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Buchanan
SBA loans in Buchanan (7(a))
- Approvals2
- Gross approval$5,636,000
- Average approval$2,818,000
- Median approval$2,818,000
- Largest approval$4,775,000
- Jobs supported26
- Jobs per approval13.0
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term216 months
- Share on real estate terms of 20 years or more50.0 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS2
Counted by borrower city: approvals to borrowers whose address is in Buchanan, in any county, FY2020 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Buchanan
Flood risk in Buchanan
- NFIP communityTown of Buchanan
- NFIP community number510019
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date12/17/10
The Town of Buchanan participates in the National Flood Insurance Program as community 510019 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Botetourt County, not Buchanan
Botetourt County context, not Buchanan figures
- Establishments in Botetourt County776
- Covered employment, Botetourt County11,729
- Average annual pay, Botetourt County$58,347
- Housing units permitted, Botetourt County116
Every figure in this section is published for Botetourt County as a whole and is not a measurement of Buchanan.
All Botetourt County figures →
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Buchanan questions, answered from the record.
How many people live in Buchanan, Virginia?
1,367, in 528 households. Buchanan town covers 2.17 square miles of land, which is 630 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Buchanan in?
Botetourt County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Buchanan?
$54,226. The median owner-occupied home is valued at $187,500. Median gross rent is $958 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Buchanan businesses?
2 7(a) approvals totaling $5.6 m since FY2020, across 2 lenders, median approval $2,818,000. These count approvals to borrowers whose address is in Buchanan, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Buchanan borrowers get paid back?
No rate is published for Buchanan. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Buchanan in the National Flood Insurance Program?
Yes. Buchanan appears in the FEMA Community Status Book as Buchanan, town of, community 510019, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Buchanan figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Botetourt County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Buchanan.
Is zoning published for Buchanan?
No. Nothing on this page presents parcel level zoning.
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