Buchanan, ND housing market
Home prices around Buchanan have risen about 36% over the past 5 years. Builders were permitted 1 new home in 2025.
Home values, sales, trends and how Buchanan compares with the towns next door — updated as new data is published.
Home prices up 36% in 5 years
The federal house price index for the ZIP codes around Buchanan rose 36% over the past 5 years, about the same as across North Dakota. Last year prices rose 4.6%.
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| Year | Change that year | Since 2000 | North Dakota since 2000 |
|---|---|---|---|
| 2025 | +4.6% | +214% | +192% |
| 2024 | +2.5% | +200% | +177% |
| 2023 | +11% | +193% | +166% |
| 2022 | +9.3% | +164% | +153% |
| 2021 | +4.6% | +142% | +129% |
| 2020 | +1.2% | +131% | +118% |
| 2019 | +5.2% | +129% | +116% |
| 2018 | −1.5% | +117% | +111% |
| 2017 | +1.4% | +120% | +108% |
| 2016 | +4% | +118% | +106% |
| 2015 | +8.2% | +109% | +101% |
| 2014 | +13% | +93% | +93% |
| 2013 | +12% | +71% | +78% |
| 2012 | +3.8% | +53% | +64% |
| 2011 | −0.6% | +48% | +56% |
| 2010 | +3.6% | +49% | +51% |
| 2009 | +1.5% | +44% | +49% |
| 2008 | +5.4% | +42% | +48% |
| 2007 | +2.9% | +34% | +44% |
| 2006 | +3.6% | +30% | +38% |
| 2005 | +7.5% | +26% | +29% |
| 2004 | +8.5% | +17% | +19% |
| 2003 | +0.2% | +8% | +12% |
| 2002 | +2.6% | +7.8% | +8.1% |
| 2001 | +5.1% | +5.1% | +4% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 58401, 58420, covering 71% of Buchanan’s land, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
1 new home permitted in 2025
Builders were permitted 1 new home in Buchanan in 2025. Over the past 10 years, Buchanan has permitted 2 homes in all.
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| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1 | 1 | 0 | $278,000 |
| 2025 | 1 | 1 | 0 | $278,000 |
| 2024 | 1 | 1 | 0 | $426,000 |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 1 | 1 | 0 | $275,000 |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 0 | 0 | 0 | — |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 0 | 0 | 0 | — |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Buchanan and its neighbors
| Town | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|
| Buchanan | +4.6%† | $870 | 1 | $145,000 |
| Fried | +4.6%† | $870 | 0 | — |
| Jim River Valley | — | $930 | 0 | $6,463 |
| Buchanan | — | $870 | 0 | $110,469 |
| Midway | +4.6%† | $870 | 3 | $106,591 |
| Eldridge | +4.6%† | $870 | 0 | — |
† FHFA price index change, where Zillow has no home value for the town.
A two-bedroom rents for about $870
HUD's Fair Market Rent for a two-bedroom in Buchanan is $870 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $680 · 4 bedrooms $1,470
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (58401, 58420; Stutsman County, ND), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.