Winchester, VA—22603
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 $426,000, with a year-over-year change of 2.6%. This indicates that home prices in Winchester, VA are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $426,000 | 2.6% |
| Single Family | $426,000 | 2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $299,000 | 0.7% |
3 Bed | $398,000 | 1.8% |
4 Bed | $598,000 | 3.5% |
| 5 Bed | $724,000 | 3.4% |
% of Housing Stock
Rental Trends — Winchester, VA
As of July '25, Rentcast reports the average rent in Winchester, VA is $1,880, with a year-over-year rent change of -7.4%. Per bedroom, the median rent as of July '25 in Winchester, VA is 1-bedrooms: $1,400, 2-bedrooms: $1,640, 3-bedrooms: $2,050, 4-bedrooms: $2,080. The most common rental property sizes in Winchester, VA are 2-bedroom and 1-bedroom, accounting for 39.7% and 31.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,880 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,400 | $1,400 |
| 2 Bed Rent | $1,550 | $1,640 |
| 3 Bed Rent | $2,000 | $2,050 |
| 4 Bed Rent | $1,950 | $2,080 |
% 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 45. This is a increase of 11.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $559,000 | -1.0% |
Listing Count | 64 | 91.0% |
| Listings as % of Homes | 0.5% | 91.0% |
Days on Market | 45 | 11.0% |
Demographics — Winchester, VA
As of the latest ACS Survey released in 2023, Winchester, VA has a population of 17,700, which has increased by 11.5% over the past 5 years. Winchester, VA is a moderately popular place for families, as children make up 18.1% of the population. The area has a moderately educated workforce, with 27.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,700 | 11.5% |
% Under 18 | 18.1% | -13.8% |
% Seniors | 26.0% | 20.9% |
% WFH | 5.7% | 14.0% |
% w/ College Degree | 27.3% | 24.7% |
As of the latest ACS Survey released in 2023, Winchester, VA is a predominantly white area, with 73.9% of the population identifying as white. The white population has shrunk by 11.3% in the last 5 years. The second most common race or ethnicity in Winchester, VA is hispanic, making up 17.6% of the population. Foreign-born residents account for 11.6% of the population in Winchester, VA, and this percentage has increased by 90.2% 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 | 73.9% | -11.3% |
% Black | 3.6% | 12.5% |
% Hispanic | 17.6% | 54.4% |
% Asian | 1.3% | 85.7% |
% Foreign Born | 11.6% | 90.2% |
Mortgage and Risk — Winchester, VA
According to HUD data as of 2023, there were 244 mortgage originations in Winchester, VA, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Winchester, VA. Investor activity is low, as 0.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 244 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Winchester, VA
As of 2024, the percent of homes in Winchester, VA under the Section 8 program is 1.0%. 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. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Winchester, VA, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 14 |
Total Units Section 8 | 14 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$170 | $1,400 | $1,230 |
| 2 Bedroom | -$10 | $1,550 | $1,540 |
| 3 Bedroom | -$80 | $2,000 | $1,920 |
| 4 Bedroom | $640 | $1,950 | $2,590 |
Affordability — Winchester, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $426,000 |
| Median Household Income | $79,300 |