Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$384,629+1.4% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 27% have cut their price
Income needed to buy, per year$83,379About 1.0× the local median income ($84,876): affordable for a typical household
Days on market50 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, VA-WV is worth $384,629, up 1.4% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $357,860, so the area is 7.5% overvalued. It is a buyer's market: homes take about 50 days to sell, listings are up 32% from a year ago, 27% of listings have had a price cut. Zillow expects prices to rise about 2.3% over the next year. A household needs about $83,379 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 $84,876. Typical rent is $1,825 a month, or $1,954 for a house. In the latest IRS figures, 1,603 more people moved in than out.
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
$384,629
Change in 1 year
+1.4%
Overvalued %
+7.5%
Show 7 more
Fair home value
$357,860
Change in 5 years
+22.2%
Zillow forecast, next 12 months
+2.3%
Home value to income
4.5×
Monthly mortgage payment (20% down)
$2,084
Income needed to afford it
$83,379
Property tax rate
0.48%
Rent and investing
Typical rent
$1,825
Typical rent for houses
$1,954
Price-to-rent ratio
17.6×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,505
Gross rental yield
5.70%
Cap rate (estimate)
3.70%
Market activity
Listings vs a year ago
+32.4%
Days on market
50
Listings with a price cut
26.9%
Show 3 more
Homes for sale
605
Pending sales per 100 listings
32
Asking price per sq ft
$213
People and jobs
Median household income
$84,876
Population change (1 year)
+1.5%
Unemployment rate
5.3%
Show 4 more
Population
152,332
Income adjusted for cost of living
$87,954
Net moves in (IRS)
+1,603
Cost of living (US = 100)
96.5
Schools, risk and environment
School rating (1 to 10)
5.0
FEMA hazard risk score (0 to 100)
38.5
Unhealthy air days a year
0
Show 4 more
Flood risk score
55.2
Wildfire risk score
47.6
Walkability (1 to 20)
6.3
Road, rail and air noise
55 dB
Questions people ask
Is Winchester, VA-WV overvalued?
Home prices in Winchester, VA-WV are slightly above what local incomes have historically supported: fair value is about $357,860, so the area is 7.5% overvalued.
Is Winchester, VA-WV a buyer's or seller's market?
Winchester, VA-WV is a buyer's market: homes take about 50 days to sell, listings are up 32% from a year ago, 27% of listings have had a price cut.
Are home prices going down in Winchester, VA-WV?
Home values in Winchester, VA-WV 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, VA-WV?
A household needs about $83,379 a year to afford the typical home in Winchester, VA-WV at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $84,876.