Winchester, VA—22602
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Winchester, VA
As of Oct '25, the median home price in Winchester, VA is $412,000, with a year-over-year change of 2.2%. This indicates that home prices in Winchester, VA are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $412,000 | 2.3% |
| Single Family | $414,000 | 2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $230,000 | 1.8% |
2 Bed | $276,000 | -0.4% |
3 Bed | $374,000 | 1.6% |
4 Bed | $529,000 | 2.9% |
| 5 Bed | $628,000 | 2.4% |
% of Housing Stock
Rental Trends — Winchester, VA
As of July '25, Rentcast reports the average rent in Winchester, VA is $2,270, with a year-over-year rent change of 3.2%. Per bedroom, the median rent as of July '25 in Winchester, VA is 2-bedrooms: $1,630, 3-bedrooms: $2,140, 4-bedrooms: $2,720. The most common rental property sizes in Winchester, VA are 3-bedroom and 2-bedroom, accounting for 44.0% and 37.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,270 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,650 | $1,630 |
| 3 Bed Rent | $2,200 | $2,140 |
| 4 Bed Rent | $2,600 | $2,720 |
% of Rental Stock
Property Listings — Winchester, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Winchester, VA is 50. This is a increase of 25.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $489,000 | 7.0% |
Listing Count | 181 | 22.0% |
| Listings as % of Homes | 1.0% | 22.0% |
Days on Market | 50 | 25.0% |
Demographics — Winchester, VA
As of the latest ACS Survey released in 2023, Winchester, VA has a population of 32,200, which has increased by 7.5% over the past 5 years. Winchester, VA is a popular place for families, as children make up 25.3% of the population. The area has a moderately educated workforce, with 31.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,200 | 7.5% |
% Under 18 | 25.3% | 4.5% |
% Seniors | 15.5% | 5.4% |
% WFH | 11.5% | 109.1% |
% w/ College Degree | 31.2% | 5.1% |
As of the latest ACS Survey released in 2023, Winchester, VA is a predominantly white area, with 79.3% of the population identifying as white. The white population has shrunk by 5.1% in the last 5 years. The second most common race or ethnicity in Winchester, VA is hispanic, making up 11.9% of the population. Foreign-born residents account for 8.1% of the population in Winchester, VA, and this percentage has increased by 30.6% 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 | 79.3% | -5.1% |
% Black | 3.2% | -28.9% |
% Hispanic | 11.9% | 58.7% |
% Asian | 1.6% | 6.7% |
% Foreign Born | 8.1% | 30.6% |
Mortgage and Risk — Winchester, VA
According to HUD data as of 2023, there were 746 mortgage originations in Winchester, VA, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Winchester, VA. Investor activity is low, as 4.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 746 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Winchester, VA
Winchester, VA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 52 |
Total Units Section 8 | 41 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,330 |
| 2 Bedroom | $10 | $1,650 | $1,660 |
| 3 Bedroom | -$140 | $2,200 | $2,060 |
| 4 Bedroom | $190 | $2,600 | $2,790 |
Affordability — Winchester, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $412,000 |
| Median Household Income | $99,500 |