October's First-Time Homebuyer Report for Winchester

Winchester is a small city in Virginia with a median income of $43,257 per household. Besides being less affluent than average, its population is much older than others with a median age of 35 years. The Winchester market is almost exclusively made up of detached homes, currently accounting for 90% overall. Heading the list of top schools in the city is John Handley High School.

Culture

According to Foursquare, Jim Barnett Park Playground & Minigolf and Body Renew Fitness are the most popular outdoor attractions in Winchester. For arts and entertainment, you'll find Carmike Cinemas Apple Blossom 12 and Patsy Cline Historic House. And finally, Cracker Barrel Old Country Store, Buffalo Wild Wings, and Chili's Grill & Bar are frequently visited spots to eat.

Price Range

The median value of homes in Winchester is $183,500, making the area almost identical to others in Virginia. At the same time, the average list price of available homes is presently $311,972. The Winchester market looked active this week as sales climbed 6.7% to hit 32 homes sold over the last 30 days.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Winchester:

$319K   $224K   $129K  

Typical Dwelling

The typical dwelling in Winchester is a three-bedroom detached home worth about $214,429. To purchase a similar home, a buyer with good credit and a $42,886 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,251 monthly payment. The property tax rate is $6.17 per $1,000 of taxable assessed value.

Get started right now by checking out Winchester homes for sale or reviewing Winchester real estate trends.


Data reported through 10/13/2016

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