Winchester, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Winchester, CT Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Winchester Housing Market Information

With 10,829 people, 4,897 houses or apartments, and a median cost of homes of $161,765, 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 56.82% 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 ( 24.61%), large apartment complexes or high rise apartments ( 13.36%), and a few row houses and other attached homes ( 3.33%).

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 59.58% owning and 40.42% renting.

The housing in Winchester was primarily built before 1939 ( 39.25%), 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 ( 27.02%), followed by between 1970-1999 ( 26.78%). There's also some housing in Winchester built between 2000 and later ( 6.96%).

Vacant housing appears to be an issue in Winchester. Fully 15.89% 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 27.01% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Winchester home appreciation rates at -3.59%, which equates to an annual appreciation rate of -13.62%.

Over the last year, Winchester appreciation rates have trailed the rest of the nation. In the last twelve months, Winchester's appreciation rate has been -1.78%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Winchester were at -3.59%, which equates to an annual appreciation rate of -13.62%.

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 lower than 70% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$161,765

Winchester, CT HOME PRICES

Value Range
> $918,000 1.1
$688,001 - $918,000 1.6
$459,001 - $688,000 3.3
$367,001 - $459,000 1.3
$275,001 - $367,000 8.8
$184,001 - $275,000 20.9
$92,001 - $184,000 58.0
$46,001 - $92,000 3.5
$0 - $46,000 1.5

Very Low for CT
Average for Nation

Value Relative to Nation Value Relative to State
44.8904254072425 97.0414201183432

Number Of Homes And Apartments:
4,897

Winchester Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
19.24% 1.03% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,089 / per month

Homeownership Rate

Homeownership
Owners 59.58
Renters 40.42
Vacant 15.89

Housing Market Details

 

Age of Homes

AGE OF Winchester HOMES
2000 or Newer 7.0
1970 - 1999 26.8
1940 - 1969 27.0
1939 or Older 39.2

Types of Homes

TYPE OF Winchester HOMES
Single-Family 56.8
Townhomes 3.3
Small Apt. Buildings 24.6
Apt. Complexes 13.4
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF Winchester HOMES
No Bedroom 1.86
1 Bedroom 9.43
2 Bedrooms 32.31
3 Bedrooms 38.70
4 Bedrooms 11.59
5 or more bedrooms 6.11

Popular Neighborhoods in Winchester

Zip Codes in Winchester, CT