Winchester, IL—62694
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Winchester, IL
As of Oct '25, the median home price in Winchester, IL is $96,000, with a year-over-year change of -9.6%. This indicates that home prices in Winchester, IL are decreasing. According to Zillow, the 1-year price projection is -3.3%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $96,000 | -9.6% |
| Single Family | $96,000 | -9.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Winchester, IL
Winchester, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Winchester, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Winchester, IL is 31. This is a decrease of -66.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $126,000 | 59.0% |
Listing Count | 5 | -40.0% |
| Listings as % of Homes | 0.3% | -40.0% |
Days on Market | 31 | -66.0% |
Demographics — Winchester, IL
As of the latest ACS Survey released in 2023, Winchester, IL has a population of 2,940, which has decreased by -3.1% over the past 5 years. Winchester, IL is a moderately popular place for families, as children make up 21.1% of the population. The area has a poorly educated workforce, with 24.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,940 | -3.1% |
% Under 18 | 21.1% | 1.0% |
% Seniors | 20.8% | -1.0% |
% WFH | 8.7% | 93.3% |
% w/ College Degree | 24.5% | 44.1% |
As of the latest ACS Survey released in 2023, Winchester, IL is a predominantly white area, with 97.1% of the population identifying as white. The white population has shrunk by 1.0% in the last 5 years. The second most common race or ethnicity in Winchester, IL is asian, making up 0.5% of the population. Foreign-born residents account for 0.7% of the population in Winchester, IL, and this percentage has increased by 250.0% 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 | 97.1% | -1.0% |
% Black | 0.1% | -66.7% |
% Hispanic | 0.5% | 150.0% |
% Asian | 0.5% | ∞% |
% Foreign Born | 0.7% | 250.0% |
Mortgage and Risk — Winchester, IL
According to HUD data as of 2023, there were 19 mortgage originations in Winchester, IL, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 87.0%, with 63.0% above 90% LTV (very high). This implies large mortgage risk in Winchester, IL. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 19 |
% Conventional Loans | 58.0% |
% Government Loans | 42.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Winchester, IL
Winchester, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 81 |
Total Units Section 8 | 14 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $660 |
| 2 Bedroom | N/A | N/A | $870 |
| 3 Bedroom | N/A | N/A | $1,050 |
| 4 Bedroom | N/A | N/A | $1,160 |
Affordability — Winchester, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.7 |
| Median Home Price | $96,000 |
| Median Household Income | $65,100 |