Buchanan Lake Village, TX
Population 502 · Texas
About Buchanan Lake Village, TX
Buchanan Lake Village is a small community located in Texas with a population of 502 residents according to the latest US Census Bureau American Community Survey data. The median household income is $43,974 per year, which is 41% below the national median of $75,149. The median age of 72.7 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Buchanan Lake Village features a median home value of $179,900, which is 27% below the national median of $244,900. This positions Buchanan Lake Village in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 591 total housing units, 91% are owner-occupied (274 units) and 9% are renter-occupied (26 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Buchanan Lake Village shows an unemployment rate of 8.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 21.3%, above the national average of 12.4%. Workers in Buchanan Lake Village have an average one-way commute time of 35.5 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
16.5% of Buchanan Lake Village residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 2.2% White, 2.6% Hispanic or Latino, 0.0% Black or African American, and 6.6% Asian residents, with 3.0% of the population being foreign-born.
Cost of Living in Buchanan Lake Village, TX
Compared to national averages, Buchanan Lake Village has a median household income of $43,974 (41% below the national median of $75,149). Home values average $179,900, which is 27% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Texas, Buchanan Lake Village's income is 40% below the state average of $72,726, and home values are 15% below the state median of $211,769.
Why Live in Buchanan Lake Village, TX?
Buchanan Lake Village offers affordable housing with a median home value of $179,900, below the US average of $244,900, and rent that’s lower than the national average at $0/month.
Potential considerations include median household income ($43,974) that falls below the national average. However, Buchanan Lake Village’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Buchanan Lake Village has a population of 502 with a median age of 72.7 years. Compare Buchanan Lake Village with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Buchanan Lake Village
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bear Creek | 503 | $125,250 | $728,400 | Compare |
| Placedo | 503 | $28,000 | $46,200 | Compare |
| Pueblo Nuevo | 503 | $38,800 | $146,400 | Compare |
| Star Harbor | 503 | $95,536 | $310,700 | Compare |
| Redfield | 500 | $0 | $0 | Compare |
| Balmorhea | 505 | $29,375 | $56,700 | Compare |
| Coyote Acres | 499 | $93,750 | $0 | Compare |
| Higgins | 499 | $56,875 | $93,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Buchanan Lake Village With Other Cities
Frequently Asked Questions about Buchanan Lake Village
What is the population of Buchanan Lake Village, TX?
The population of Buchanan Lake Village, TX is 502 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Texas.
What is the median household income in Buchanan Lake Village?
The median household income in Buchanan Lake Village, TX is $43,974 per year, which is 41% below the national median of $75,149.
What is the median home value in Buchanan Lake Village?
The median home value in Buchanan Lake Village, TX is $179,900, which is 27% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Buchanan Lake Village?
The median monthly rent in Buchanan Lake Village, TX is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Buchanan Lake Village?
The unemployment rate in Buchanan Lake Village, TX is 8.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Buchanan Lake Village, TX a good place to live?
Buchanan Lake Village offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 502 and a median age of 72.7, the city appeals to established professionals and retirees.
How educated is Buchanan Lake Village, TX?
16.5% of residents in Buchanan Lake Village aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Buchanan Lake Village?
Key cost-of-living indicators for Buchanan Lake Village, TX: median home value is $179,900 (27% below national), median rent is $0/month, and median household income is $43,974. The home-value-to-income ratio is 4.1x, a moderate figure by national standards.
What is the poverty rate in Buchanan Lake Village?
The poverty rate in Buchanan Lake Village, TX is 21.3%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Buchanan Lake Village, TX?
Buchanan Lake Village's population is 2.2% White, 2.6% Hispanic or Latino, 0.0% Black or African American, 6.6% Asian, and 0.0% two or more races. 3.0% of residents are foreign-born.