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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 $95,869, lower than the Illinois average of $300,242.
The average cost of rent is $750/mo in Winchester, primarily driven by the current value of real estate in the Winchester area. In Winchester, 26.99% of households rent, and 55.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Winchester is $5,179 per month. Households that rent pay about 14.47% of their income on rent here. Winchester’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Riggston, IL: equally priced homes
- Alsey, IL: higher priced homes
- Glasgow, IL: equally priced homes
- Oxville, IL: higher priced homes
- Exeter, IL: higher priced homes
- Lynnville, IL: higher priced homes
- Merritt, IL: less expensive homes
- Barrow, IL: higher priced homes
- Montezuma, IL: higher priced homes
- Bluffs, IL: less expensive homes
Cities with Similar Populations
- Avella, PA: higher priced homes
- Cherry Valley, MA: higher priced homes
- Ronda, NC: higher priced homes
- Muenster, TX: higher priced homes
- Olton, TX: equally priced homes
- Onancock, VA: higher priced homes
- Owen, WI: higher priced homes
- Parker City, IN: higher priced homes
- Pedricktown, NJ: higher priced homes
- Port Royal, PA: higher priced homes
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