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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (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 a population of 22,640, 8,149 total housing units (homes and apartments), and a median house value of $1,351,690, 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 70.25% of the town's housing units. Other types of housing that are prevalent in Winchester include large apartment complexes or high rise apartments ( 12.95%), duplexes, homes converted to apartments or other small apartment buildings ( 8.87%), and a few row houses and other attached homes ( 7.93%).

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 81.17% of Winchester's homes, and 63.55% have either three or four bedrooms, which is average sized relative to America.

The housing in Winchester was primarily built before 1939 ( 36.40%), 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 ( 35.70%), followed by between 1970-1999 ( 18.44%). There's also some housing in Winchester built between 2000 and later ( 9.46%).

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 6.03% 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 6.22%, which is higher than appreciation rates in 74.75% 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 3.73%, which equates to an annual appreciation rate of 15.77%.

Relative to Massachusetts, our data show that Winchester's latest annual appreciation rate is higher than 80% 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

Median Home Value

$1,351,690

Winchester, MA Home Prices
> $1,313,000
$985,001 - $1,313,000
$657,001 - $985,000
$526,001 - $657,000
$394,001 - $526,000
$263,001 - $394,000
$131,001 - $263,000
$66,001 - $131,000
$0 - $66,000
48.8%
48.8%
24.7%
24.7%
15.8%
15.8%
3.5%
3.5%
1.8%
1.8%
1.2%
1.2%
2.7%
2.7%
0.5%
0.5%
1.0%
1.0%
0% 100.0%
% of Homes
Very High

for Massachusetts

Very High

for nation

Number of Homes And Apartments:

8,149

Winchester Appreciation Rates

Rent & Ownership

Average Market Rent:

$4,108 / per month

Homeownership Rate

Owners
Renters
Vacant
81.2%
81.2%
18.8%
18.8%
1.8%
1.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
9.5%
9.5%
18.4%
18.4%
35.7%
35.7%
36.4%
36.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
70.2%
70.2%
7.9%
7.9%
8.9%
8.9%
13.0%
13.0%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.5%
1.5%
7.0%
7.0%
12.2%
12.2%
34.4%
34.4%
29.1%
29.1%
15.7%
15.7%
0% 100.0%
% of Homes