Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$351,816+1.4% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 24% have cut their price
Income needed to buy, per year$76,266About 1.2× the local median income ($64,655): a stretch for a typical household
Days on market51 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+2.3%Zillow expects prices to rise slightly
The typical home in Winchester City, VA is worth $351,816, up 1.4% from a year ago. That is well above what local incomes have historically supported: fair value is about $308,740, so the area is 14.0% overvalued. It is a buyer's market: homes take about 51 days to sell, listings are up 57% from a year ago, 24% of listings have had a price cut. Zillow expects prices to rise about 2.3% over the next year. A household needs about $76,266 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $64,655. Typical rent is $1,707 a month, or $1,827 for a house. In the latest IRS figures, 118 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$351,816
Change in 1 year
+1.4%
Overvalued %
+14.0%
Show 7 more
Fair home value
$308,740
Change in 5 years
+24.4%
Zillow forecast, next 12 months
+2.3%
Home value to income
5.4×
Monthly mortgage payment (20% down)
$1,907
Income needed to afford it
$76,266
Property tax rate
0.76%
Rent and investing
Typical rent
$1,707
Typical rent for houses
$1,827
Price-to-rent ratio
17.2×
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HUD Fair Market Rent, 2 bedrooms
$1,505
Gross rental yield
5.82%
Cap rate (estimate)
3.79%
Market activity
Listings vs a year ago
+56.7%
Days on market
51
Listings with a price cut
24.5%
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Homes for sale
94
Pending sales per 100 listings
24
Asking price per sq ft
$220
People and jobs
Median household income
$64,655
Population change (1 year)
+0.7%
Unemployment rate
6.4%
Show 4 more
Population
28,272
Income adjusted for cost of living
$67,000
Net moves in (IRS)
−118
Cost of living (US = 100)
96.5
Schools, risk and environment
School rating (1 to 10)
3.0
FEMA hazard risk score (0 to 100)
16.9
Flood risk score
31.9
Show 3 more
Wildfire risk score
5.2
Walkability (1 to 20)
9.6
Road, rail and air noise
53 dB
Questions people ask
Is Winchester City, VA overvalued?
Home prices in Winchester City, VA are well above what local incomes have historically supported: fair value is about $308,740, so the area is 14.0% overvalued.
Is Winchester City, VA a buyer's or seller's market?
Winchester City, VA is a buyer's market: homes take about 51 days to sell, listings are up 57% from a year ago, 24% of listings have had a price cut.
Are home prices going down in Winchester City, VA?
Home values in Winchester City, VA are up 1.4% over the last year. Zillow's forecast for the next 12 months is +2.3%.
How much do you need to earn to buy a home in Winchester City, VA?
A household needs about $76,266 a year to afford the typical home in Winchester City, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $64,655.