Winchester, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Winchester, IN 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 a population of 4,769, 2,076 total housing units (homes and apartments), and a median house value of $79,844, house prices in Winchester are some of the most affordable in Indiana as well as the nation.

Single-family detached homes are the single most common housing type in Winchester, accounting for 70.04% of the city's housing units. Other types of housing that are prevalent in Winchester include large apartment complexes or high rise apartments ( 10.97%), duplexes, homes converted to apartments or other small apartment buildings ( 10.92%), and a few row houses and other attached homes ( 4.50%).

People in Winchester primarily live in small (one, two or no bedroom) single-family detached homes. Winchester has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Winchester's housing was primarily built during this period, from the '40s through the '60s. A full 36.42% of the city's housing hails from this era. Other housing ages represented in Winchester include homes built before 1939 ( 32.95%) and housing constructed between 1970-1999 ( 21.71%). There's also some housing in Winchester built between 2000 and later ( 8.92%).

Winchester Home Appreciation Rates

Real estate appreciation rates in Winchester's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.51% during the period.

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 1.72%, 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 -1.14%, which equates to an annual appreciation rate of -4.49%.

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

Relative to Indiana, our data show that Winchester's latest annual appreciation rate is lower than 70% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$79,844

Winchester, IN HOME PRICES

Value Range
> $1,067,000 0.0
$800,001 - $1,067,000 0.0
$533,001 - $800,000 0.0
$427,001 - $533,000 0.6
$320,001 - $427,000 0.9
$214,001 - $320,000 4.6
$106,001 - $214,000 18.6
$53,001 - $106,000 48.9
$0 - $53,000 26.4

Very Low for IN
Very Low for Nation

Value Relative to Nation Value Relative to State
90.6363529825384 91.1764705882353

Number Of Homes And Apartments:
2,076

Winchester Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
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
1.18% 0.07% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$730 / per month

Homeownership Rate

Homeownership
Owners 61.56
Renters 38.44
Vacant 7.45

Housing Market Details

 

Age of Homes

AGE OF Winchester HOMES
2000 or Newer 8.9
1970 - 1999 21.7
1940 - 1969 36.4
1939 or Older 32.9

Types of Homes

TYPE OF Winchester HOMES
Single-Family 70.0
Townhomes 4.5
Small Apt. Buildings 10.9
Apt. Complexes 11.0
Mobile Homes 3.1
Other 0.4

Home Size

SIZE OF Winchester HOMES
No Bedroom 0.67
1 Bedroom 9.94
2 Bedrooms 39.90
3 Bedrooms 34.60
4 Bedrooms 10.79
5 or more bedrooms 4.10

Popular Neighborhoods in Winchester

Zip Codes in Winchester, IN