Winchester, VA—22601
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 $345,000, with a year-over-year change of 2.7%. This indicates that home prices in Winchester, VA are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $345,000 | 2.7% |
| Single Family | $346,000 | 3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $216,000 | 5.9% |
2 Bed | $263,000 | 1.9% |
3 Bed | $334,000 | 3.1% |
4 Bed | $505,000 | 3.3% |
| 5 Bed | $644,000 | 2.7% |
% of Housing Stock
Rental Trends — Winchester, VA
As of July '25, Rentcast reports the average rent in Winchester, VA is $1,740, with a year-over-year rent change of 6.7%. Per bedroom, the median rent as of July '25 in Winchester, VA is studios: $1,230, 1-bedrooms: $1,350, 2-bedrooms: $1,610, 3-bedrooms: $1,990, 4-bedrooms: $2,610. The most common rental property sizes in Winchester, VA are 2-bedroom and 3-bedroom, accounting for 43.5% and 28.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,740 |
| Studio Rent | $1,100 | $1,230 |
| 1 Bed Rent | $1,200 | $1,350 |
| 2 Bed Rent | $1,500 | $1,610 |
| 3 Bed Rent | $2,000 | $1,990 |
| 4 Bed Rent | $2,600 | $2,610 |
% 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 35. This is a decrease of -3.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $450,000 | 10.0% |
Listing Count | 111 | 4.0% |
| Listings as % of Homes | 0.5% | 4.0% |
Days on Market | 35 | -3.0% |
Demographics — Winchester, VA
As of the latest ACS Survey released in 2023, Winchester, VA has a population of 29,400, which has increased by 2.2% over the past 5 years. Winchester, VA is a moderately popular place for families, as children make up 21.7% of the population. The area has a moderately educated workforce, with 31.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,400 | 2.2% |
% Under 18 | 21.7% | -4.8% |
% Seniors | 17.2% | 12.4% |
% WFH | 12.8% | 58.0% |
% w/ College Degree | 31.1% | -8.5% |
As of the latest ACS Survey released in 2023, Winchester, VA is a predominantly white area, with 62.9% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Winchester, VA is hispanic, making up 19.2% of the population. Foreign-born residents account for 12.4% of the population in Winchester, VA, and this percentage has decreased by 1.6% 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 | 62.9% | -4.6% |
% Black | 10.2% | 0.0% |
% Hispanic | 19.2% | 7.9% |
% Asian | 2.3% | 35.3% |
% Foreign Born | 12.4% | -1.6% |
Mortgage and Risk — Winchester, VA
According to HUD data as of 2023, there were 359 mortgage originations in Winchester, VA, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 35.0% 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 | 359 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Winchester, VA
As of 2024, the percent of homes in Winchester, VA under the Section 8 program is 4.3%. 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. In Winchester, VA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 260 |
Total Units Section 8 | 260 |
% Rentals under Section 8 | 4.3% |
% Occupied Section 8 | 88.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $1,200 | $1,320 |
| 2 Bedroom | $150 | $1,500 | $1,650 |
| 3 Bedroom | $50 | $2,000 | $2,050 |
| 4 Bedroom | $170 | $2,600 | $2,770 |
Affordability — Winchester, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $345,000 |
| Median Household Income | $66,500 |