Winchester City, Virginia home prices
Typical home $351,816 · +1.4% in a year · property tax 0.76%
The typical home in Winchester City is worth $351,816, 15% less than the Virginia typical home ($412,252). Values changed +1.4% in the past year and +24.4% over five years. Homeowners here pay a median 0.76% of their home's value in property tax each year ($2,658 on the typical home), versus 0.71% statewide.
Mortgage on the typical Winchester City home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $70,363 | $281,453 | $1,893 | $0 | $397 | $2,291 | $98,200 |
| 10% down | $35,182 | $316,635 | $2,130 | $132 | $397 | $2,659 | $114,000 |
| 5% down | $17,591 | $334,225 | $2,248 | $139 | $397 | $2,785 | $119,400 |
| 3.5% down (FHA) | $12,314 | $345,444 | $2,324 | $156 | $397 | $2,877 | $123,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.76% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Virginia · part of the Winchester metro area.
Virginia counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Bedford County | $351,809 | +4.2% | 0.43% |
| King William County | $352,179 | +3.0% | 0.55% |
| Lexington City | $354,128 | +2.4% | 0.81% |
| Mathews County | $349,114 | +1.5% | 0.43% |
| Prince George County | $356,119 | +3.8% | 0.74% |
| Caroline County | $359,075 | +3.6% | 0.52% |
| Rockingham County | $361,245 | +2.1% | 0.53% |
| Nelson County | $362,239 | +3.0% | 0.5% |
| Shenandoah County | $340,191 | +2.4% | 0.52% |
| Franklin County | $363,796 | +3.9% | 0.5% |
Frequently asked questions
What is the average home price in Winchester City, VA?
The typical home value in Winchester City is $351,816 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Winchester City?
About $98,200 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Winchester City?
The median effective rate is 0.76% of home value a year (Census ACS 2024 5-year estimates).