Winchester, KY—40391
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Winchester, KY
As of Oct '25, the median home price in Winchester, KY is $258,000, with a year-over-year change of 4.7%. This indicates that home prices in Winchester, KY are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $258,000 | 4.7% |
| Single Family | $258,000 | 4.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $166,000 | 6.4% |
3 Bed | $252,000 | 5.0% |
4 Bed | $330,000 | 4.4% |
| 5 Bed | $439,000 | 4.3% |
% of Housing Stock
Rental Trends — Winchester, KY
As of July '25, Rentcast reports the average rent in Winchester, KY is $1,300, with a year-over-year rent change of 26.2%. Per bedroom, the median rent as of July '25 in Winchester, KY is studios: $1,250, 1-bedrooms: $870, 2-bedrooms: $1,250, 3-bedrooms: $1,450. The most common rental property sizes in Winchester, KY are 2-bedroom and 3-bedroom, accounting for 44.3% and 27.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,300 |
| Studio Rent | $750 | $1,250 |
| 1 Bed Rent | $840 | $870 |
| 2 Bed Rent | $1,250 | $1,250 |
| 3 Bed Rent | $1,500 | $1,450 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Winchester, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Winchester, KY is 61. This is a increase of 33.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | 18.0% |
Listing Count | 165 | 51.0% |
| Listings as % of Homes | 0.7% | 51.0% |
Days on Market | 61 | 33.0% |
Demographics — Winchester, KY
As of the latest ACS Survey released in 2023, Winchester, KY has a population of 36,700, which has increased by 3.5% over the past 5 years. Winchester, KY is a moderately popular place for families, as children make up 22.6% of the population. The area has a poorly educated workforce, with 22.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,700 | 3.5% |
% Under 18 | 22.6% | 0.0% |
% Seniors | 18.1% | 5.8% |
% WFH | 10.3% | 194.3% |
% w/ College Degree | 22.0% | 10.6% |
As of the latest ACS Survey released in 2023, Winchester, KY is a predominantly white area, with 88.2% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Winchester, KY is black, making up 4.3% of the population. Foreign-born residents account for 1.8% of the population in Winchester, KY, and this percentage has decreased by 14.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 88.2% | -2.2% |
% Black | 4.3% | -8.5% |
% Hispanic | 4.1% | 41.4% |
% Asian | 0.8% | 33.3% |
% Foreign Born | 1.8% | -14.3% |
Mortgage and Risk — Winchester, KY
According to HUD data as of 2023, there were 694 mortgage originations in Winchester, KY, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Winchester, KY. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 694 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Winchester, KY
Winchester, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1,299 |
Total Units Section 8 | 889 |
% Rentals under Section 8 | 20.8% |
% Occupied Section 8 | 74.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $840 | $890 |
| 2 Bedroom | -$190 | $1,250 | $1,060 |
| 3 Bedroom | -$60 | $1,500 | $1,440 |
| 4 Bedroom | N/A | N/A | $1,630 |
Affordability — Winchester, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $258,000 |
| Median Household Income | $67,900 |