Housing in 47394 Winchester, IN has proven to be a sound investment as the median value is $122,700 which is lower than the US house median value of $338,100. In addition, the 1 year house appreciation rate in 47394 Winchester is 13.04%, much higher than the national average of 8.27%. This suggests that values of housing in 47394 Winchester have been growing at an above-average rate compared to other communities around the country.
The median home cost in Winchester (zip 47394) is $122,700. Home appreciation the last 10 years has been 73.6%. Home Appreciation in Winchester (zip 47394) is up 15.1%.
Average Age of Homes
- The median age of Winchester (zip 47394) real estate is 66 years old
The Rental Market in Winchester (zip 47394)
- Renters make up 27.5% of the Winchester (zip 47394) population
- 2.3% of houses and apartments in Winchester (zip 47394), 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.