Winchester, TN—37398
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Winchester, TN
Home Price Trends — Winchester, TN
As of Oct '25, the median home price in Winchester, TN is $352,000, with a year-over-year change of 3.0%. This indicates that home prices in Winchester, TN are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $352,000 | 3.0% |
| Single Family | $352,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $229,000 | 3.2% |
3 Bed | $352,000 | 3.8% |
4 Bed | $587,000 | 0.9% |
| 5 Bed | $817,000 | 2.9% |
% of Housing Stock
Rental Trends — Winchester, TN
As of July '25, Rentcast reports the average rent in Winchester, TN is $1,510, with a year-over-year rent change of -15.6%. Per bedroom, the median rent as of July '25 in Winchester, TN is 1-bedrooms: $950, 2-bedrooms: $1,230, 3-bedrooms: $1,740, 4-bedrooms: $2,500. The most common rental property sizes in Winchester, TN are 2-bedroom and 3-bedroom, accounting for 50.3% and 25.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,380 | $1,510 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $950 | $950 |
| 2 Bed Rent | $1,200 | $1,230 |
| 3 Bed Rent | $1,600 | $1,740 |
| 4 Bed Rent | $2,500 | $2,500 |
% of Rental Stock
Property Listings — Winchester, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Winchester, TN is 75. This is a increase of 20.0% 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 | $496,000 | -2.0% |
Listing Count | 181 | 7.0% |
| Listings as % of Homes | 1.3% | 7.0% |
Days on Market | 75 | 20.0% |
Demographics — Winchester, TN
As of the latest ACS Survey released in 2023, Winchester, TN has a population of 15,700, which has increased by 7.6% over the past 5 years. Winchester, TN is a moderately popular place for families, as children make up 19.9% of the population. The area has a poorly educated workforce, with 24.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,700 | 7.6% |
% Under 18 | 19.9% | -11.2% |
% Seniors | 21.8% | 9.0% |
% WFH | 9.6% | 500.0% |
% w/ College Degree | 24.6% | 0.8% |
As of the latest ACS Survey released in 2023, Winchester, TN is a predominantly white area, with 81.0% of the population identifying as white. The white population has shrunk by 7.1% in the last 5 years. The second most common race or ethnicity in Winchester, TN is hispanic, making up 7.4% of the population. Foreign-born residents account for 4.3% of the population in Winchester, TN, and this percentage has increased by 104.8% 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 | 81.0% | -7.1% |
% Black | 7.3% | 14.1% |
% Hispanic | 7.4% | 111.4% |
% Asian | 1.1% | 120.0% |
% Foreign Born | 4.3% | 104.8% |
Mortgage and Risk — Winchester, TN
According to HUD data as of 2023, there were 353 mortgage originations in Winchester, TN, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Winchester, TN. Investor activity is low, as 5.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 353 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 5.0% |
% Second Loans | 9.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Winchester, TN
Winchester, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 251 |
Total Units Section 8 | 96 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$240 | $950 | $710 |
| 2 Bedroom | -$270 | $1,200 | $930 |
| 3 Bedroom | -$380 | $1,600 | $1,220 |
| 4 Bedroom | -$1,020 | $2,500 | $1,480 |
Affordability — Winchester, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $352,000 |
| Median Household Income | $63,500 |