Housing Report for Winchester

Winchester recorded a median home value in 2005 of $207,100, published by the American Community Survey. This median is less than the State of Virginia 2005 median home value of $212,300 and greater than median owner-occupied dwelling value of $167,500 across the nation during that year.

In the State of Virginia, Winchester places 2 of the 9 metro areas by percent in growth of new residential structures. The metropolitan area places 66 of 361, comparing the percentage change in residential real estate in other US MSAs.

In Winchester, the census reported 50,459 homes in 2005. The metro area has experienced a medium-high growth level in the number housing units, adding a total of 4,460 housing units since the year 2001, or 9.7 percent.

Winchester has a relatively high proportion of residential real estate that is high priced. During the year 2005, the American Community Survey reported that 5.4 percent of the areas residential property was valued over $500k.

It can be understood that there is a fair amount of housing that is affordable in Winchester, Virginia. In 2005, 26.3 percent of owner-occupied dwellings were valued under $125k.



Data Source: U.S. Census Bureau