Winchester, Nevada 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 30% below the Nevada median$250,924
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Median rent 24% below the Nevada median$1,220
Housing Market Overview
| Metric | Winchester | Nevada Avg | US Average |
|---|---|---|---|
| Median Home Price | $250,924 | $357,758 | $248,835 |
| Price Trend (Annual %) | 38.5% | 9.4% | 7.5% |
| Median Gross Rent | $1,220 | $1,597 | $1,407 |
| Rent Trend (Annual %) | 5.7% | 6.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Winchester is about 30% lower than in Nevada. Rent is about 24% lower than the Nevada 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 38.5% and 5.7% a year respectively. Home prices are changing faster.
Median rent in Winchester rose about 53.4% between 2015 and 2024, from $795 to $1,220. Over the same span, rent in Nevada rose about 64.3%.
Affordability
On average, housing unit costs 4.9 yearly household incomes in Winchester.
Buying the median-priced home in Winchester costs roughly 17.1 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Winchester. The price-to-rent ratio in Nevada is about 18.7.
| Metric | Winchester | Nevada Avg | US Average |
|---|---|---|---|
| Median Home Price | $250,924 | $357,758 | $248,835 |
| Median Household Income | $50,917 | $78,637 | $80,455 |
| Price-to-Income Ratio | 4.9 | 4.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Winchester rose about 406.5%, while median household income rose about 22.7% 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 | Nevada Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 26.3% | 54.4% | 58.5% |
| Rental Rate | 53.3% | 36.3% | 31.2% |
| Vacancy Rate | 20.4% | 9.3% | 10.2% |
| Median Tenure (years) | 9.0 | 12.0 | 15.0 |
| Median Year Moved In | 2017 | 2014 | 2011 |
Winchester has a homeownership rate of 26.3%, lower than the Nevada average of 54.4%. Its housing vacancy rate is 20.4%, compared with 9.3% in Nevada.
Housing Stock
| Metric | Winchester | Nevada Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.52 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 1979 | 1993 | 1978 |
| Median Number of Rooms | 3.9 | 5.3 | 5.5 |
The typical housing unit in Winchester was built around 1979. On average, 2.5 people live in a home with about 3.9 rooms, staying for about 9.0 years on average.
Winchester, NV Housing Compared With Nearby Cities
Winchester, NV is the smallest of the 5 cities compared here, 36,180 residents against a local median of 188,904. Where Winchester, NV breaks from the cities next to it is homeownership, sitting 35% below the local median of 50.6% at 33.0%. That is the weaker end of the local range on this measure.
Median home price tells the same story from another angle: $250,924 against a local median of $308,393, 19% below it. The cities themselves spread 16.7% on homeownership, so Winchester, NV sits at one end of an already wide local range rather than apart from it. Winchester, NV has the 5th highest homeownership of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Winchester, NV | 36,180 | $250,924 #5/5 | $1,220 #5/5 | 33.0% #5/5 |
| Paradise, NV | 186,450 | $316,809 | $1,367 | 41.1% |
| Sunrise Manor, NV | 191,359 | $288,848 | $1,397 | 50.8% |
| Whitney, NV | 38,569 | $299,977 | $1,540 | 57.9% |
| Spring Valley, NV | 217,800 | $378,472 | $1,740 | 50.3% |
Frequently Asked Questions
Common questions about the housing market in Winchester, Nevada.
What is the median home price in Winchester, Nevada?
The median home price in Winchester, Nevada is $250,924, lower than the Nevada average of $357,758.
What is the average home price in Winchester, Nevada?
The typical home price in Winchester, Nevada, reported as the median sale price, is $250,924. 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, Nevada?
The median gross rent in Winchester, Nevada is $1,220 per month, lower than the Nevada average of $1,597.
What was the median gross rent in Winchester in 2020?
In 2020, the median gross rent in Winchester, Nevada was $917 per month.
What is the price-to-rent ratio in Winchester, Nevada?
The price-to-rent ratio in Winchester, Nevada is about 17.1, meaning it would take roughly 17.1 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Winchester.
Are home prices or rent rising faster in Winchester, Nevada?
Both home prices and rent are rising in Winchester, up about 38.5% and 5.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Winchester, Nevada?
26.3% of households in Winchester, Nevada own their home, lower than the Nevada average of 54.4%.
What is the vacancy rate in Winchester, Nevada?
The housing vacancy rate in Winchester, Nevada is 20.4%, higher than the Nevada average of 9.3%.
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