Winchester, Virginia 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 48% above the Virginia median$379,058
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Median rent 17% below the Virginia median$1,315
Housing Market Overview
| Metric | Winchester | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $379,058 | $256,082 | $248,835 |
| Price Trend (Annual %) | 37.5% | 3.5% | 7.5% |
| Median Gross Rent | $1,315 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Winchester is about 48% higher than in Virginia. Rent is about 17% lower than the Virginia 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 37.5% and 4.4% a year respectively. Home prices are changing faster.
Median rent in Winchester rose about 40.5% between 2015 and 2024, from $936 to $1,315. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 5.9 yearly household incomes in Winchester.
Buying the median-priced home in Winchester costs roughly 24.0 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 Virginia is about 13.5.
| Metric | Winchester | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $379,058 | $256,082 | $248,835 |
| Median Household Income | $64,631 | $93,527 | $80,455 |
| Price-to-Income Ratio | 5.9 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Winchester rose about 137.9%, while median household income rose about 44.7% 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 | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 40.0% | 61.5% | 58.5% |
| Rental Rate | 51.7% | 29.8% | 31.2% |
| Vacancy Rate | 8.4% | 8.7% | 10.2% |
| Median Tenure (years) | 11.0 | 15.0 | 15.0 |
| Median Year Moved In | 2015 | 2011 | 2011 |
Winchester has a homeownership rate of 40.0%, lower than the Virginia average of 61.5%. Its housing vacancy rate is 8.4%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Winchester | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.32 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1967 | 1982 | 1978 |
| Median Number of Rooms | 5.3 | 6.0 | 5.5 |
The typical housing unit in Winchester was built around 1967. On average, 2.3 people live in a home with about 5.3 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Winchester, Virginia.
What is the median home price in Winchester, Virginia?
The median home price in Winchester, Virginia is $379,058, higher than the Virginia average of $256,082.
What is the average home price in Winchester, Virginia?
The typical home price in Winchester, Virginia, reported as the median sale price, is $379,058. 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, Virginia?
The median gross rent in Winchester, Virginia is $1,315 per month, lower than the Virginia average of $1,579.
What was the median gross rent in Winchester in 2020?
In 2020, the median gross rent in Winchester, Virginia was $1,095 per month.
What is the price-to-rent ratio in Winchester, Virginia?
The price-to-rent ratio in Winchester, Virginia is about 24.0, meaning it would take roughly 24.0 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, Virginia?
Both home prices and rent are rising in Winchester, up about 37.5% and 4.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Winchester, Virginia?
40.0% of households in Winchester, Virginia own their home, lower than the Virginia average of 61.5%.
What is the vacancy rate in Winchester, Virginia?
The housing vacancy rate in Winchester, Virginia is 8.4%, lower than the Virginia average of 8.7%.
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