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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, CT 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 Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Winchester, CT Housing Market Trends

With 10,240 people, 4,814 houses or apartments, and a median cost of homes of $289,080, Winchester real estate values are some of the lowest in Connecticut, although compared to real estate around the nation, Winchester homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Winchester, accounting for 57.35% of the town's housing units. Other types of housing that are prevalent in Winchester include duplexes, homes converted to apartments or other small apartment buildings ( 20.84%), large apartment complexes or high rise apartments ( 18.38%), and a few row houses and other attached homes ( 3.43%).

The most prevalent building size and type in Winchester are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.86% owning and 37.14% renting.

The housing in Winchester was primarily built before 1939 ( 35.84%), 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 ( 30.75%), followed by between 1970-1999 ( 25.24%). There's also some housing in Winchester built between 2000 and later ( 8.17%).

Vacant housing appears to be an issue in Winchester. Fully 11.62% of the housing stock is classified as vacant. Left unchecked, vacant Winchester homes and apartments can be a drag on the real estate market, holding Winchester real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Winchester Home Appreciation Rates

Winchester's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Winchester during the period has been just 5.54%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Winchester's appreciation rate, at 5.31%, has been at or slightly above the national average. In the latest quarter, Winchester's appreciation rate has been -0.51%, which annualizes to a rate of -2.02%.

Notably, Winchester's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Connecticut, our data show that Winchester's latest annual appreciation rate is lower than 80% of the other cities and towns in Connecticut.

Average Home Values

Median Home Value

$289,080

Winchester, CT Home Prices
> $1,489,000
$1,117,001 - $1,489,000
$745,001 - $1,117,000
$596,001 - $745,000
$447,001 - $596,000
$298,001 - $447,000
$149,001 - $298,000
$74,001 - $149,000
$0 - $74,000
1.4%
1.4%
2.0%
2.0%
4.3%
4.3%
2.8%
2.8%
17.1%
17.1%
31.1%
31.1%
31.6%
31.6%
4.1%
4.1%
5.7%
5.7%
0% 100.0%
% of Homes
Very Low

for Connecticut

Average

for nation

Number of Homes And Apartments:

4,814

Winchester Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,721 / per month

Homeownership Rate

Owners
Renters
62.9%
62.9%
37.1%
37.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
11.6%
11.6%
88.4%
88.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
8.2%
8.2%
25.2%
25.2%
30.8%
30.8%
35.8%
35.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
57.4%
57.4%
3.4%
3.4%
20.8%
20.8%
18.4%
18.4%
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
3.7%
3.7%
14.0%
14.0%
27.6%
27.6%
33.5%
33.5%
15.7%
15.7%
5.4%
5.4%
0% 100.0%
% of Homes

Popular Neighborhoods in Winchester

Zip Codes in Winchester, CT