Winchester, Massachusetts Housing Market Prices
Winchester Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 153% above the Massachusetts median$1,250,000
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Median rent 29% above the Massachusetts median$2,278
Housing Market Overview
| Metric | Winchester | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,250,000 | $494,523 | $248,835 |
| Price Trend (Annual %) | 11.8% | 6.6% | 7.5% |
| Median Gross Rent | $2,278 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 4.9% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Winchester is about 153% higher than in Massachusetts. Rent is about 29% higher than the Massachusetts average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Winchester, up about 11.8% and 4.9% a year respectively. Home prices are changing faster.
Median rent in Winchester rose about 45.6% between 2015 and 2024, from $1,564 to $2,278. Over the same span, rent in Massachusetts rose about 59.8%.
Affordability
On average, housing unit costs 6.1 yearly household incomes in Winchester.
Buying the median-priced home in Winchester costs roughly 45.7 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Winchester. The price-to-rent ratio in Massachusetts is about 23.4.
| Metric | Winchester | Massachusetts Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,250,000 | $494,523 | $248,835 |
| Median Household Income | $205,856 | $104,336 | $80,455 |
| Price-to-Income Ratio | 6.1 | 4.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Winchester rose about 128.9%, while median household income rose about 123.5% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Winchester | Massachusetts Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 79.9% | 57.5% | 58.5% |
| Rental Rate | 17.9% | 34.4% | 31.2% |
| Vacancy Rate | 2.1% | 8.1% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Winchester has a homeownership rate of 79.9%, higher than the Massachusetts average of 57.5%. Its housing vacancy rate is 2.1%, compared with 8.1% in Massachusetts.
Housing Stock
| Metric | Winchester | Massachusetts Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.76 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1953 | 1963 | 1978 |
| Median Number of Rooms | 7.4 | 5.5 | 5.5 |
The typical housing unit in Winchester was built around 1953. On average, 2.8 people live in a home with about 7.4 rooms, staying for about 16.0 years on average.
Winchester, MA Housing Compared With Nearby Cities
How Winchester, MA compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Winchester, MA | 23,377 | $1,250,000 #2/3 | $2,278 #2/3 | 81.7% #1/3 |
| Arlington, MA | 46,270 | $1,743,589 | $2,082 | 61.6% |
| Medford, MA | 59,237 | $483,160 | $2,507 | 54.0% |
Frequently Asked Questions
Common questions about the housing market in Winchester, Massachusetts.
What is the median home price in Winchester, Massachusetts?
The median home price in Winchester, Massachusetts is $1,250,000, higher than the Massachusetts average of $494,523.
What is the average home price in Winchester, Massachusetts?
The typical home price in Winchester, Massachusetts, reported as the median sale price, is $1,250,000. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Winchester, Massachusetts?
The median gross rent in Winchester, Massachusetts is $2,278 per month, higher than the Massachusetts average of $1,761.
What was the median gross rent in Winchester in 2020?
In 2020, the median gross rent in Winchester, Massachusetts was $2,068 per month.
What is the price-to-rent ratio in Winchester, Massachusetts?
The price-to-rent ratio in Winchester, Massachusetts is about 45.7, meaning it would take roughly 45.7 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Winchester.
Are home prices or rent rising faster in Winchester, Massachusetts?
Both home prices and rent are rising in Winchester, up about 11.8% and 4.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Winchester, Massachusetts?
79.9% of households in Winchester, Massachusetts own their home, higher than the Massachusetts average of 57.5%.
What is the vacancy rate in Winchester, Massachusetts?
The housing vacancy rate in Winchester, Massachusetts is 2.1%, lower than the Massachusetts average of 8.1%.
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