In Winchester, a typical home is worth $97,600 and typical rent is $756 a month. Compared with all of Randolph County, the typical home value is 14% lower, typical household income is 14% lower, and the share of households that own their home is 7 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $118,066 to $159,319.
Typical rent
$950a month
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Winchester is in Randolph County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Randolph County. See the county
What this place has that others do not, from public data, most unusual first.
1
According to Zillow, in the 12 months to September 2026 the typical home value in Winchester rose 11.3%; in Indiana, it rose 2.9%.
2
Winchester has the 7th lowest typical rent of the 132 cities in Indiana with more than 5,000 people ($756).
3
Winchester has the 9th lowest typical home value of the 134 cities in Indiana with more than 5,000 people ($97,600).
4
70% of households in Winchester own their home, against 77% in Randolph County.
Sources: Zillow (September 2026 data); U.S. Census Bureau (Average 2020–2024). Zillow data
The homes here
Housing in Winchester
What homes there are in Winchester, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Winchester
Randolph County
Indiana
United States
Kind of home: Winchester and its comparisons
Measure
Winchester
Randolph County
Indiana
United States
Detached house
69%
80%
73%
61%
Attached house
Unreliable estimate
1%
4%
6%
Building of 2 to 4
15%
6%
6%
8%
Apartments (5 or more)
Unreliable estimate
4%
13%
19%
Mobile home
Unreliable estimate
8%
4%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Winchester, 7 in 10 homes are single-family detached houses; in Randolph County, 8.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Winchester
Randolph County
Indiana
United States
Year built: Winchester and its comparisons
Measure
Winchester
Randolph County
Indiana
United States
Before 1960
52%
52%
31%
26%
1960–1979
30%
24%
24%
24%
1980–1999
8%
13%
23%
25%
2000–2009
Unreliable estimate
7%
12%
14%
2010 or later
Unreliable estimate
4%
10%
11%
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100K55%
$100K–$200K34%
$200K–$300KUnreliable
$300K–$500KUnreliable
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Winchester and its comparisons
Measure
Winchester
Under $100K
55%
$100K–$200K
34%
$200K–$300K
Unreliable estimate
$300K–$500K
Unreliable estimate
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99963%
$1,000–$1,49921%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Winchester and its comparisons
Measure
Winchester
Under $500
Unreliable estimate
$500–$999
63%
$1,000–$1,499
21%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$1,005 a month
Randolph County: $1,092 a month
Without a mortgage
$437 a month
Randolph County: $462 a month
Owners with a mortgage
64%
Randolph County: 55%
Owning costs less in Winchester: with a mortgage, the typical cost is $1,005 a month; in Randolph County, $1,092. Without one, $437.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Winchester+39%
Randolph County+40%
Indiana+54%
United States+53%
Typical rent
WinchesterNo clear change
Randolph CountyNo clear change
Indiana+29%
United States+33%
Typical household income
WinchesterNo clear change
Randolph County+27%
Indiana+28%
United States+29%
Change since 2015–2019: Winchester and its comparisons
Measure
Winchester
Randolph County
Indiana
United States
Typical home value
+39%
+40%
+54%
+53%
Typical rent
No clear change
No clear change
+29%
+33%
Typical household income
No clear change
+27%
+28%
+29%
The typical home value in Winchester rose 39% since 2015–2019, about the same as in Randolph County (40%).
Rent in Winchester moved so little since 2015–2019 that the Census cannot say whether it rose or fell.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Winchester and its comparisons
Measure
Winchester
Randolph County
Indiana
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
5.6%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.8%
0.9%
More than one person per room
Unreliable estimate
2.9%
1.8%
3.4%
People per household
2.38
2.32
2.46
2.53
Drive alone
65%
79%
76%
69%
Carpool
19%
10%
9%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
4%
2%
3%
Work from home
9%
6%
11%
15%
Other means
Unreliable estimate
2%
1%
2%
Typical commute
Unreliable estimate
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
A household in Winchester has 2.38 people on average, about the same as in Randolph County (2.32).
Carpooling is common in Winchester: 19% of workers get to work that way, against 10% in Randolph County.
Do the math
What would you pay each month for a home in Winchester?
A typical home is within reach of the typical income
We start with a typical home in Winchester, worth $97,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 18% of the typical household income in Winchester, which is $52,439 a year.
The calculator's FHA and conventional loan limits are those of all of Randolph County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Winchester. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $3,416 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$807
at 7.18% · 30 years
Loan amount
$95,832
Total interest
$137,880
Paid off in
November 2056
Includes $1,648 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,224 a month
Your payment · 18%
Tight
$1,224 to $1,573 a month
Hard
more than $1,573 a month
Compared with the typical household income in Winchester ($52,439 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$649
Property tax
$74
Home insurance
$41
FHA mortgage insurance (MIP)
$43
You need at least $3,416 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $807; principal and interest $649.
The city and its county
Winchester and Randolph County
Winchester is in Randolph County, Indiana. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Winchester
Map of Randolph County, Indiana, with Winchester marked. Around it, the neighboring counties.
Winchester
Randolph County
Winchester's own numbers
Typical home value
$97,600
Typical monthly rent
$756
Typical yearly household income
$52,439
Households that own their home
70%
Effective property tax rate
0.91%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Randolph County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,014
Price change over 5 years (FHFA)
+65%
Homes in a high flood-risk zone
2.5%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Randolph County.
A typical home in Winchester is worth $97,600: 14% below the county and 55% below Indiana. With the typical household income in Winchester ($52,439 a year), a typical home costs 1.9 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Winchester1.9 years
Randolph1.9 years
Indiana3.0 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Randolph County
According to FHFA’s house price index, home prices in Randolph County rose 96% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Randolph County.
Yearly change in FHFA’s price index in Randolph County, 2016 to 2025
2016: +1.2% +1.2% 2016
2017: +3.2% +3.2% 2017
2018: +4.9% +4.9% 2018
2019: +7.0% +7.0% 2019
2020: +1.3% +1.3% 2020
2021: +7.8% +7.8% 2021
2022: +17.8% +17.8% 2022
2023: +9.5% +9.5% 2023
2024: +10.5% +10.5% 2024
2025: +7.5% +7.5% 2025
Change in FHFA’s price index in Randolph County, Indiana and the United States
Period
County
Indiana
U.S.
Last year (2025)
+7.5%
+4.3%
+2.9%
5 years (2020–2025)
+65%
+53%
+47%
10 years (2015–2025)
+96%
+95%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Winchester next to Randolph County, Indiana and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Winchester$97,600
Randolph$113,400
Indiana$218,200
United States$332,700
Typical monthly rent
Winchester$756
Randolph$723
Indiana$1,062
United States$1,413
Typical yearly household income
Winchester$52,439
Randolph$60,791
Indiana$71,957
United States$80,734
See the full table
Winchester next to Randolph County and Indiana
Measure
Winchester
Randolph County
Indiana
U.S.
Typical home value
$97,600 ▼14% below the county
$113,400
$218,200
$332,700
Typical monthly rent
$756 ▲5% above the county
$723
$1,062
$1,413
Typical yearly household income
$52,439 ▼14% below the county
$60,791
$71,957
$80,734
Households that own their home
70% ▼7 points below the county
77%
71%
65%
Typical yearly property tax
$884
$900
$1,614
$3,119
Effective property tax rate
0.91% ▲0.12 points above the county
0.79%
0.74%
0.94%
Renters with high rent for their income
47% ▼2 points below the county
49%
48%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Randolph County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Winchester
For a typical $97,600 home in Winchester, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Winchester's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$807a month
Least cash to close
Down payment
$3,416
Cash to close
$6,344
Rate
7.18%
Mortgage insurance
FHA MIP · $43
Conventional, 5% down$789a month
Down payment
$4,880
Cash to close
$7,808
Rate
7.18%
Mortgage insurance
PMI · $46
Conventional, 20% down, no PMI$644a month
Down payment
$19,520
Cash to close
$22,448
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$734a month
Down payment
$14,640
Cash to close
$17,568
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Winchester
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$807
$3,416
$95,832
7.18%
FHA MIP · $43
$6,344
580
Conventional, 5% down
$789
$4,880
$92,720
7.18%
PMI · $46
$7,808
620*
Conventional, 20% down, no PMI
$644
$19,520
$78,080
7.18%
None
$22,448
620*
ITIN, 15% down (example)
$734
$14,640
$82,960
8.18%
None
$17,568
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Winchester is $756 a month: 5% above the county. In Winchester, 47% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Randolph County, by unit size. To pay the 2-bedroom one ($1,014 a month) without spending more than 30% of your income, you would need to earn $19.50 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Randolph County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$706
$13.58
$28,240
1 bedroom
$931
$17.90
$37,240
2 bedrooms
$1,014
$19.50
$40,560
3 bedrooms
$1,328
$25.54
$53,120
4 bedrooms
$1,333
$25.63
$53,320
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Winchester
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Winchester is in ZIP code 47394.
For 2 bedrooms it is $1,050: $36 more than the fair market rent for Randolph County ($1,014).
Fair market rent by ZIP code and size in Winchester, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
47394
$730
$960
$1,050
$1,370
$1,380
ZIP code2 bd3 bd
47394 $1,050$1,370
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Winchester when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Randolph County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Winchester or Randolph County. The ones below are statewide in Indiana: they work in Winchester the same as in the rest of the state.
Indiana state agency program with down payment assistance of 2.5% or 3.5% of the price, alongside a 30-year FHA or conventional mortgage.Offered by Indiana Housing and Community Development Authority (IHCDA).
Indiana state agency 30-year FHA or conventional mortgage for first-time buyers (or homes in designated areas), with down payment assistance as a second mortgage with no interest or payments, repaid when the first mortgage ends.Offered by Indiana Housing and Community Development Authority (IHCDA).
No legal help resource on our list is for Winchester or Randolph County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Winchester and all of Randolph County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Winchester?
The typical home value in Winchester is $97,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Randolph County it is $113,400.
How much does it cost to rent in Winchester?
Typical rent in Winchester is $756 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Randolph County is $1,014.
What is the FHA loan limit in Winchester?
Winchester uses the FHA limit for all of Randolph County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Winchester?
The typical homeowner in Winchester pays $884 a year, according to the U.S. Census Bureau. That is 0.91% of the home’s value; in Randolph County, the rate is 0.79%.
Where can I find free help to buy or rent in Winchester?
We found no HUD-approved counseling agencies with an office in Randolph County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
