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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 $214,237, lower than the Kentucky average of $219,615.
The average cost of rent is $946/mo in Winchester, primarily driven by the current value of real estate in the Winchester area. In Winchester, 30.83% of households rent, and 35.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Winchester is $5,565 per month. Households that rent pay about 16.99% of their income on rent here. Winchester’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Forest Grove, KY: higher priced homes
- Hootentown, KY: equally priced homes
- Bon Haven, KY: higher priced homes
- Clintonville, KY: higher priced homes
- Pilot View, KY: higher priced homes
- Hunt, KY: higher priced homes
- Ruckerville, KY: equally priced homes
- Bloomingdale, KY: higher priced homes
- Boonesboro, KY: higher priced homes
- Grassy Lick, KY: higher priced homes
Cities with Similar Populations
- Ballston Spa, NY: higher priced homes
- Summerfield, FL: higher priced homes
- Summerlin South, NV: higher priced homes
- Sun City Center, FL: higher priced homes
- Cayey, PR: less expensive homes
- Buenaventura Lakes, FL: higher priced homes
- Suisun City, CA: higher priced homes
- Big Spring, TX: less expensive homes
- Bethany, OR: higher priced homes
- Beltsville, MD: higher priced homes
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