Winchester First-Time Homebuyer Report for October

Winchester is younger than the rest of Indiana, with a median age of 40. It's much less affluent than average as well, with a median income of $33,648 per household. With a median age of 64 years, homes in Winchester tend to be older than most. The top school in the city is Lee L Driver Middle School.

Price Range

Homes in Winchester are generally less expensive than others in the state with a median home value of $70,300 and an average list price of $85,841. Despite an improvement in sales numbers this week to reach one homes over the last 30 days, the Winchester market still shows a confirmed trend downward overall.

Typical Dwelling

A three-bedroom detached home valued around $21,553 is considered a typical dwelling in Winchester. If a buyer was looking for a similar home, they would need good credit and a $4,311 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $97 and the property tax rate is $9.26 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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