The housing market in Winchester, IL is booming. The median value of a house is $103,100, significantly lower than the US median value of $338,100. Despite this difference in prices, the one year appreciation rate for houses in Winchester, IL is 6.36%, slightly below the US average of 8.27%. This shows that even though prices are more affordable than other parts of the country, they are still going up and people are investing in housing within Winchester.
The median home cost in Winchester is $103,100. Home appreciation the last 10 years has been 37.5%. Home Appreciation in Winchester is up 11.6%.
Average Age of Homes
- The median age of Winchester real estate is 70 years old
The Rental Market in Winchester
- Renters make up 27.2% of the Winchester population
- 0.0% of houses and apartments in Winchester, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.