The Most Affordable Neighborhoods in Winchester, MS by Home Value

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 $96,363, lower than the Mississippi average of $183,008.

The average cost of rent is $762/mo in Winchester, primarily driven by the current value of real estate in the Winchester area. In Winchester, 14.43% of households rent, and 65.64% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Winchester is $2,962 per month. Households that rent pay about 25.74% of their income on rent here. Winchester’s most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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