CostBy County

Cost of Living in Buchanan County, Iowa

$848/mo
Median Monthly Rent
$176,000
Median Home Value

At a Glance

Median Monthly Rent
$848/mo
2% above state average
Median Home Value
$176,000
47% below national
Census GRAPI
24.9%
Median gross rent as % of renter income

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Affordable
Median gross rent is under 30% of renter household income

These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.

How Buchanan County Compares

Median monthly rent comparison

Buchanan County$848/mo
Iowa Average$832/mo
National Median$1,413/mo

Detailed Housing Stats

$848/mo
Median Gross Rent
$176,000
Median Home Value
$938/mo
Monthly Owner Cost
24.9%
Census GRAPI

National Ranking

Affordability Rank

Buchanan County ranks #1,693 of 3,142 counties for affordability (bottom 46%)

Most AffordableLeast Affordable

Sourced county brief

Official GRAPI in Buchanan County Estimated at 24.9 Percent

The median gross rent as a percentage of household income (GRAPI) in Buchanan County, Iowa, is 24.9%. This official B25071 figure is 0.5 percentage points below the Iowa unweighted county mean of 25.4%. Median gross rent in the county is $848 per month, which is above the state unweighted county mean of $832. For those in owner-occupied units, the median selected monthly owner cost is $938, a value below the state unweighted county mean of $950. The median home value in Buchanan County was estimated at $176,000, compared to the state unweighted county mean of $171,037. Renter households in the county have a median income of $43,854. These statistics represent a snapshot of the 2020-2024 5-year period and include both homeowners and renters as distinct tenure groups. See ACS table B25071 for the underlying estimate.

Cost of Living Advisory: Buchanan County

Affordability Verdict

ACS B25071 estimates median gross rent at 24.9% of renter household income in Buchanan County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.

Rent vs. Own

Median gross rent is $848 per month; median selected monthly owner costs are $938. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.

Income Needed

Using the common 30% budgeting benchmark, $33,920 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.

Regional Context

The Iowa unweighted mean of county median rents is $832 per month. Buchanan County's $848 median is 1.9% above that comparison value.

Data version acs5-2020-2024 · Method cost-advisory-v2

Affordability Calculator

See how your income compares to housing costs in Buchanan County

$

Rent Burden

13.0%

of gross income

Max Housing (28% Rule)

$1,826

per month

Owner Cost Burden

14.4%

of gross income

You can likely afford the median home in Buchanan County

Median home value is $176,000. Estimated monthly cost: $1,405 vs. your max of $1,826.

Rent Affordability Guide

Your entered rent as a share of entered income13.0%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $78,236Needed: $33,920
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $78,236Needed: $40,200
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $78,236Needed: $40,960

Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.

Frequently Asked Questions

What is the cost of living in Buchanan County, Iowa?
Buchanan County, Iowa has a median monthly rent of $848/mo and a median home value of $176,000. The affordability rating is Affordable, with median gross rent equal to approximately 24.9% of renter household income.
What is the median rent in Buchanan County?
The median gross rent in Buchanan County is $848/mo. This is 2% above state average for Iowa.
Is Buchanan County affordable?
Buchanan County is rated Affordable using the Census median gross-rent-as-a-percentage-of-income measure of 24.9%. Median gross rent is under 30% of renter household income.
How does Buchanan County's rent compare to the state average?
Buchanan County's median rent of $848/mo is 2% above state average of $832/mo for Iowa.
What is the median home value in Buchanan County?
The median home value in Buchanan County, Iowa is $176,000. This is 47% below the national median home value of $332,700.

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Published by the CostByCounty Editorial Team. See our methodology and corrections policy.Data build reviewed 2026-07-09; first published 2026-03-10.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.

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