Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 19,857 ↓ 2.5% since 2020 |
| Median Household Income | $42,216 43% below national median |
| Median Home Value | $91,400 |
| Unemployment Rate | 3.6% |
| Median Age | 47.3 years |
| Housing Vacancy Rate | 28.9% |
| Total Land Sales (Past 12 Months) | 32 transactions |
| Active Listings | 7 properties |
| Avg Days on Market | 524 days |
Rural Land Sales (1+ Acres) (Jun 2025 – Mar 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $1,348 |
| Recent Sales | 28 transactions |
| Avg Days on Market | 479 days |
| Avg Parcel Size | 33.70 acres |
| Active Listings | 6 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Mar 2026 | 19.00 | $19,000 | $1,000 | Raven |
| Jan 2026 | 109.00 | $135,000 | $1,239 | Vansant |
| Dec 2025 | 5.38 | $12,000 | $2,230 | Oakwood |
| Dec 2025 | 32.94 | $25,000 | $759 | Grundy |
| Nov 2025 | 1.00 | $7,500 | $7,500 | Grundy |
| Nov 2025 | 48.67 | $48,500 | $997 | Vansant |
| Sep 2025 | 16.56 | $50,000 | $3,019 | Bee |
| Aug 2025 | 25.00 | $11,000 | $440 | Grundy |
| Jul 2025 | 34.25 | $38,000 | $1,109 | Grundy |
| Jun 2025 | 1.02 | $13,000 | $12,758 | Rowe |
Suburban/Urban Land Sales (Under 1 Acre)
| Metric | Value |
|---|---|
| Median Lot Price | $3,500 |
| Recent Sales | 4 transactions |
| Avg Days on Market | 840 days |
| Avg Parcel Size | 0.30 acres |
| Active Listings | 1 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| Sep 2024 | 0.25 | $3,500 | Vansant |
| Feb 2024 | 0.41 | $3,500 | Rowe |
| Jun 2023 | 0.25 | $25,000 | Grundy |
| Apr 2023 | 0.45 | $2,000 | Grundy |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 19,857 |
| Population (2020) | 20,355 |
| Population Growth | -2.45% |
| Median Household Income | $42,216 |
| Median Home Value | $91,400 |
| Total Housing Units | 10,340 |
| Vacant Housing Units | 2,989 |
| Housing Vacancy Rate | 28.9% |
| Median Age | 47.3 |
| Bachelor's Degree or Higher | 833 (4.2%) |
| Unemployment Rate | 3.6% |
Market Overview
Buchanan County, Virginia has a population of 19,857, which has declined 2.45% since 2020. The median household income is $42,216, below the national median of $74,580 by 43.4%. The housing vacancy rate of 28.9% suggests soft market conditions. The county's location in Virginia makes it accessible for investors and developers seeking rural land. Recent rural land sales show a median price of $1,348 per acre, with properties averaging 33.70 acres. There are currently 7 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Buchanan County, Virginia?
As of the 2023 American Community Survey, Buchanan County has a population of 19,857. The county has declined 2.45% since the 2020 Census.
What is the median household income in Buchanan County?
The median household income in Buchanan County is $42,216, which is 43.4% below the national median of $74,580.
Is Buchanan County growing or shrinking?
Buchanan County is shrinking. The population has declined 2.45% since 2020.
What is the housing market like in Buchanan County?
The median home value in Buchanan County is $91,400. The housing vacancy rate is 28.9%, which suggests soft market conditions. The unemployment rate is 3.6%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $1,348 per acre. Suburban/urban lots under 1 acre have a median lot price of $3,500.
Does Reelvest buy land in Buchanan County, Virginia?
Yes! Reelvest Properties buys vacant land throughout Virginia, including Buchanan County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.