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These days, finding an affordable place to live in the Winchester area can be challenging. Home prices in Winchester are now at a median cost of $110,671, lower than the Arkansas average of $207,061.
The average cost of rent is $916/mo in Winchester, primarily driven by the current value of real estate in the Winchester area. In Winchester, 34.80% of households rent, and 70.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Winchester is $3,806 per month. Households that rent pay about 24.06% of their income on rent here. Winchester’s most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Yukon, AR: less expensive homes
- Tillar, AR: less expensive homes
- Pickens, AR: less expensive homes
- Reed, AR: less expensive homes
- Dumas, AR: less expensive homes
- Rohwer, AR: less expensive homes
- McArthur, AR: less expensive homes
- Selma, AR: less expensive homes
- Watson, AR: less expensive homes
- McGehee, AR: less expensive homes
Cities with Similar Populations
- Fines Creek, NC: higher priced homes
- Sprott, AL: equally priced homes
- Spring Garden, MO: equally priced homes
- Sprankle Mills, PA: higher priced homes
- Spragueville, ME: higher priced homes
- Split Rock, PA: higher priced homes
- Spivey, KS: less expensive homes
- Fort Chiswell, VA: higher priced homes
- Forney, OK: higher priced homes
- Florida, OH: higher priced homes
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