Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 27,936 people, 11,217 houses or apartments, and a median cost of homes of $497,142, Winchester real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Winchester, accounting for 58.36% of the city's housing units. Other types of housing that are prevalent in Winchester include large apartment complexes or high rise apartments ( 22.32%), duplexes, homes converted to apartments or other small apartment buildings ( 10.04%), and a few row houses and other attached homes ( 9.29%).
The most prevalent building size and type in Winchester are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 42.20% owning and 57.80% renting.
There is a lot of housing in Winchester built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Winchester built between 1940-1969 ( 33.35%). A lesser amount of the housing stock also hails from before 1939 ( 19.23%). There's also some housing in Winchester built between 2000 and later ( 12.55%).
Real estate appreciation rates in Winchester's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.38% during the period.
Over the last year, Winchester appreciation rates have trailed the rest of the nation. In the last twelve months, Winchester's appreciation rate has been 4.81%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Winchester were at 1.29%, which equates to an annual appreciation rate of 5.25%.
Relative to Virginia, our data show that Winchester's latest annual appreciation rate is lower than 70% of the other cities and towns in Virginia.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Winchester differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Winchester - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Winchester real estate investment or home purchase decisions.
$497,142
for Virginia
for nation
11,217
$1,864 / per month