Winchester, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Winchester, CT Real Estate Data


Winchester Housing Market Information

With a population of 10,829, 4,819 total housing units (homes and apartments), and a median house value of $174,030, Winchester real estate values are some of the lowest in Connecticut, although compared to real estate around the nation, Winchester homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Winchester, accounting for 57.30% of the town's housing units. Other types of housing that are prevalent in Winchester include duplexes, homes converted to apartments or other small apartment buildings ( 25.54%), large apartment complexes or high rise apartments ( 11.48%), and a few row houses and other attached homes ( 3.89%).

The most prevalent building size and type in Winchester are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 59.99% owning and 40.01% renting.

The housing in Winchester was primarily built before 1939 ( 38.62%), making the housing stock in Winchester some of the oldest overall in America, although there is a range of ages of homes in Winchester. The next most important housing age is between 1940-1969 ( 28.37%), followed by between 1970-1999 ( 26.89%). There's also some housing in Winchester built between 2000 and later ( 6.13%).

Vacant housing appears to be an issue in Winchester. Fully 14.87% of the housing stock is classified as vacant. Left unchecked, vacant Winchester homes and apartments can be a drag on the real estate market, holding Winchester real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Winchester Home Appreciation Rates

Homes have actually lost value in Winchester over the last then years, as home values have seen a decline of 23.21% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Winchester home appreciation rates at -0.84%, which equates to an annual appreciation rate of -3.33%.

NeighborhoodScout's data show that during the latest twelve months, Winchester's appreciation rate, at 4.84%, has been at or slightly above the national average. In the latest quarter, Winchester's appreciation rate has been -0.84%, which annualizes to a rate of -3.33%.

Notably, Winchester's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Connecticut, our data show that Winchester's latest annual appreciation rate is higher than 80% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$174,030

Winchester, CT HOME PRICES

Value Range
> $921,000 1.4
$691,001 - $921,000 1.7
$460,001 - $691,000 2.0
$369,001 - $460,000 2.5
$276,001 - $369,000 10.6
$184,001 - $276,000 23.1
$92,001 - $184,000 53.8
$46,001 - $92,000 3.9
$0 - $46,000 1.1

Very Low for CT
Average for Nation

Value Relative to Nation Value Relative to State
41.3245886279792 96.4497041420118

Number Of Homes And Apartments:
4,819

Rent & Ownership

 

Average Market Rent:
$952 / per month

Homeownership Rate

Homeownership
Owners 59.99
Renters 40.01
Vacant 14.87

Housing Market Details

 

Age of Homes

AGE OF Winchester HOMES
2000 or Newer 6.1
1970 - 1999 26.9
1940 - 1969 28.4
1939 or Older 38.6

Types of Homes

TYPE OF Winchester HOMES
Single-Family 57.3
Townhomes 3.9
Small Apt. Buildings 25.5
Apt. Complexes 11.5
Mobile Homes 1.8
Other 0.0

Home Size

SIZE OF Winchester HOMES
No Bedroom 2.35
1 Bedroom 9.73
2 Bedrooms 30.44
3 Bedrooms 38.90
4 Bedrooms 12.88
5 or more bedrooms 5.71

Winchester Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
25.17% 1.33% 3 3
* 10 is highest

Popular Neighborhoods in Winchester

Zip Codes in Winchester, CT