Winchester, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Winchester Neighborhoods Since 2000




Winchester, IN Real Estate Data


Winchester Housing Market Information

With 4,769 people, 2,036 houses or apartments, and a median cost of homes of $83,237, 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 68.80% of the city's housing units. Other types of housing that are prevalent in Winchester include duplexes, homes converted to apartments or other small apartment buildings ( 11.91%), large apartment complexes or high rise apartments ( 11.05%), and a few row houses and other attached homes ( 4.12%).

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 37.73% of the city's housing hails from this era. Other housing ages represented in Winchester include homes built before 1939 ( 31.97%) and housing constructed between 1970-1999 ( 19.70%). There's also some housing in Winchester built between 2000 and later ( 10.60%).

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 0.08% during the period.

Appreciation rates are so strong in Winchester that despite a nationwide downturn in the housing market, Winchester real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Winchester appreciation rates continue to be some of the highest in America, at 7.45%, which is higher than appreciation rates in 88.24% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Winchester. Winchester appreciation rates in the latest quarter were at 2.34%, which equates to an annual appreciation rate of 9.71%.

Relative to Indiana, our data show that Winchester's latest annual appreciation rate is higher than 90% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$83,237

Winchester, IN HOME PRICES

Value Range
> $1,126,000 0.0
$845,001 - $1,126,000 0.0
$563,001 - $845,000 0.0
$450,001 - $563,000 0.6
$338,001 - $450,000 1.4
$225,001 - $338,000 3.1
$112,001 - $225,000 18.3
$56,001 - $112,000 51.4
$0 - $56,000 25.3

Very Low for IN
Very Low for Nation

Value Relative to Nation Value Relative to State
89.4419394507232 94.5701357466063

Number Of Homes And Apartments:
2,036

Rent & Ownership

 

Average Market Rent:
$849 / per month

Homeownership Rate

Homeownership
Owners 62.89
Renters 37.11
Vacant 7.79

Housing Market Details

 

Age of Homes

AGE OF Winchester HOMES
2000 or Newer 10.6
1970 - 1999 19.7
1940 - 1969 37.7
1939 or Older 32.0

Types of Homes

TYPE OF Winchester HOMES
Single-Family 68.8
Townhomes 4.1
Small Apt. Buildings 11.9
Apt. Complexes 11.1
Mobile Homes 3.6
Other 0.5

Home Size

SIZE OF Winchester HOMES
No Bedroom 0.59
1 Bedroom 10.69
2 Bedrooms 38.72
3 Bedrooms 33.92
4 Bedrooms 9.42
5 or more bedrooms 6.66

Winchester Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
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
6.79% 0.39% 2 1
* 10 is highest

Popular Neighborhoods in Winchester

Zip Codes in Winchester, IN