Winchester, MA Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Winchester, MA Housing Market Trends

With 22,799 people, 7,884 houses or apartments, and a median cost of homes of $1,141,063, Winchester house prices are not only among the most expensive in Massachusetts, Winchester real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Winchester, accounting for 72.50% of the town's housing units. Other types of housing that are prevalent in Winchester include large apartment complexes or high rise apartments ( 10.14%), row houses and other attached homes ( 8.57%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.46%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Winchester. Owner-occupied housing accounts for 85.29% of Winchester's homes, and 64.20% have either three or four bedrooms, which is average sized relative to America.

The housing in Winchester was primarily built before 1939 ( 37.86%), 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 ( 35.25%), followed by between 1970-1999 ( 18.13%). There's also some housing in Winchester built between 2000 and later ( 8.76%).

Winchester Home Appreciation Rates

In the last 10 years, Winchester has experienced some of the highest home appreciation rates of any community in the nation. Winchester real estate appreciated 55.42% over the last ten years, which is an average annual home appreciation rate of 4.51%, putting Winchester in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Winchester definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 5.12%, 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 2.10%, which equates to an annual appreciation rate of 8.67%.

Relative to Massachusetts, our data show that Winchester's latest annual appreciation rate is lower than 60% of the other cities and towns in Massachusetts.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Winchester differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Winchester - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Winchester real estate investment or home purchase decisions.

Average Home Values

 
info

Median Home Value:
$1,141,063

Winchester, MA HOME PRICES

> $1,154,000
43.3%
43.3%
$865,001 - $1,154,000
27.5%
27.5%
$577,001 - $865,000
18.0%
18.0%
$462,001 - $577,000
5.2%
5.2%
$346,001 - $462,000
2.3%
2.3%
$231,001 - $346,000
1.5%
1.5%
$116,001 - $231,000
1.7%
1.7%
$58,001 - $116,000
0.3%
0.3%
$0 - $58,000
0.3%
0.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for MA

Value Relative To Nation

Number Of Homes And Apartments:
7,884

Winchester Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
118.16% 3.78%
10
9
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$3,146 / per month

Homeownership Rate

Owners
85.3%
85.3%
Renters
14.7%
14.7%
Vacant
3.0%
3.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
8.8%
8.8%
1970 - 1999
18.1%
18.1%
1940 - 1969
35.2%
35.2%
1939 or Older
37.9%
37.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
72.5%
72.5%
Townhomes
8.6%
8.6%
Small Apt. Buildings
8.5%
8.5%
Apt. Complexes
10.1%
10.1%
Mobile Homes
0.3%
0.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.5%
1.5%
1 Bedroom
4.4%
4.4%
2 Bedrooms
14.9%
14.9%
3 Bedrooms
33.9%
33.9%
4 Bedrooms
30.3%
30.3%
5 or more bedrooms
14.9%
14.9%
0.0% 100.0%
% OF HOMES