Winchester city, Virginia Housing Market
In Winchester city, Virginia, the median home value is $343,000, with a median monthly rent of $1,315. This places Winchester city at #452 nationally out of 3134 counties by median home value, and #43 within Virginia.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,205
- Establishments: 1,416
- BLS QCEW, 2025
Housing Supply
- Single-family: 64
- Multi-family: 4
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 12,064 (avg $80,718)
- Outflow: 11,170 (avg $82,236)
- IRS Statistics of Income
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| Metric | Winchester city | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $343,000 | $295,807 | $227,706 |
| Median Gross Rent | $1,315 | $1,169 | $968 |
| Owner Occupancy Rate | 43.6% | 70.8% | 73.3% |
| Price/Rent Ratio | 21.7 | 20.3 | 18.7 |
Market Analysis
The median home value in Winchester city is 16.0% above the Virginia state average and 50.6% above the U.S. national average. The median rent of $1,315/month is 12.5% above the state average.
With a price-to-rent ratio of 21.7, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Winchester city has an owner-occupancy rate of 43.6%, compared to 70.8% in Virginia and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Delta County | Colorado | $343,200 | $1,121 |
| Bryan County | Georgia | $343,200 | $1,618 |
| Greene County | Virginia | $343,300 | $1,309 |
| Cecil County | Maryland | $343,400 | $1,377 |
| Door County | Wisconsin | $342,600 | $1,086 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Greene County | $343,300 | $1,309 | 83.4% |
| Northumberland County | $346,800 | $1,038 | 86.1% |
| Suffolk city | $347,400 | $1,563 | 70.7% |
| Warren County | $348,400 | $1,199 | 75.9% |
| Middlesex County | $352,200 | $1,059 | 87.4% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).