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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 $246,845, lower than the Tennessee average of $315,131.
The average cost of rent is $878/mo in Winchester, primarily driven by the current value of real estate in the Winchester area. In Winchester, 24.04% of households rent, and 48.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Winchester is $5,446 per month. Households that rent pay about 16.12% of their income on rent here. Winchester’s most expensive areas are in the northwestern 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
- Decherd, TN: less expensive homes
- Estill Springs, TN: equally priced homes
- Winchester Springs, TN: higher priced homes
- Cowan, TN: less expensive homes
- Belvidere, TN: equally priced homes
- Capitol Hill, TN: less expensive homes
- Lexie Crossroads, TN: equally priced homes
- Center Grove, TN: higher priced homes
- Gum Creek, TN: equally priced homes
- Ridgeville, TN: higher priced homes
Cities with Similar Populations
- Martin, TN: less expensive homes
- River Ridge, LA: higher priced homes
- Ripley, TN: less expensive homes
- Rifle, CO: higher priced homes
- Ridgeland, SC: higher priced homes
- Millbury, MA: higher priced homes
- Middleton, ID: higher priced homes
- Middle Valley, TN: higher priced homes
- Mercerville, NJ: higher priced homes
- Mendota, CA: higher priced homes
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