Winchester, MA—01890
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Winchester, MA
As of Oct '25, the median home price in Winchester, MA is $1,516,000, with a year-over-year change of 1.4%. This indicates that home prices in Winchester, MA are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,516,000 | 1.4% |
| Single Family | $1,645,000 | 1.5% |
| Condos | $762,000 | 2.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $353,000 | 2.6% |
2 Bed | $774,000 | 2.0% |
3 Bed | $1,290,000 | 1.9% |
4 Bed | $1,681,000 | 1.4% |
| 5 Bed | $2,245,000 | 2.3% |
% of Housing Stock
Rental Trends — Winchester, MA
As of July '25, Rentcast reports the average rent in Winchester, MA is $4,120, with a year-over-year rent change of -8.4%. Per bedroom, the median rent as of July '25 in Winchester, MA is studios: $1,980, 1-bedrooms: $2,900, 2-bedrooms: $3,790, 3-bedrooms: $4,360, 4-bedrooms: $6,510. The most common rental property sizes in Winchester, MA are 1-bedroom and 2-bedroom, accounting for 35.4% and 22.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,600 | $4,120 |
| Studio Rent | $1,700 | $1,980 |
| 1 Bed Rent | $3,220 | $2,900 |
| 2 Bed Rent | $3,300 | $3,790 |
| 3 Bed Rent | $4,000 | $4,360 |
| 4 Bed Rent | $6,800 | $6,510 |
% of Rental Stock
Property Listings — Winchester, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Winchester, MA is 28. This is a increase of 22.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $2,240,000 | 22.0% |
Listing Count | 48 | 16.0% |
| Listings as % of Homes | 0.2% | 16.0% |
Days on Market | 28 | 22.0% |
Demographics — Winchester, MA
As of the latest ACS Survey released in 2023, Winchester, MA has a population of 22,900, which has remained stable by 0.8% over the past 5 years. Winchester, MA is a popular place for families, as children make up 28.3% of the population. The area has a highly educated workforce, with 78.4% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 31.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,900 | 0.8% |
% Under 18 | 28.3% | 1.4% |
% Seniors | 17.7% | 1.1% |
% WFH | 31.6% | 351.4% |
% w/ College Degree | 78.4% | 3.4% |
As of the latest ACS Survey released in 2023, Winchester, MA is a predominantly white area, with 71.7% of the population identifying as white. The white population has shrunk by 12.2% in the last 5 years. The second most common race or ethnicity in Winchester, MA is asian, making up 15.7% of the population. Foreign-born residents account for 20.2% of the population in Winchester, MA, and this percentage has increased by 16.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 71.7% | -12.2% |
% Black | 3.0% | 900.0% |
% Hispanic | 3.2% | 52.4% |
% Asian | 15.7% | 22.7% |
% Foreign Born | 20.2% | 16.8% |
Mortgage and Risk — Winchester, MA
According to HUD data as of 2023, there were 361 mortgage originations in Winchester, MA, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 47.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Winchester, MA. Investor activity is low, as 4.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 361 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Winchester, MA
As of 2024, the percent of homes in Winchester, MA under the Section 8 program is 6.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Winchester, MA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 96 |
Total Units Section 8 | 96 |
% Rentals under Section 8 | 6.1% |
% Occupied Section 8 | 97.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$600 | $3,220 | $2,620 |
| 2 Bedroom | -$200 | $3,300 | $3,100 |
| 3 Bedroom | -$270 | $4,000 | $3,730 |
| 4 Bedroom | -$2,690 | $6,800 | $4,110 |
Affordability — Winchester, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6 |
| Median Home Price | $1,516,000 |
| Median Household Income | $218,000 |