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City · 19,213 residents · Clark County, Kentucky

Winchester , Kentucky

In Winchester, a typical home is worth $188,300 and typical rent is $916 a month. Compared with all of Clark County, typical household income is 15% lower, the typical home value is 9% lower, and the share of households that own their home is 10 points lower.

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  • Typical home value

    $188,300

    9% below the county

    8% below Kentucky

    • Winchester
    • Clark
    • Kentucky

  • Typical rent

    $916a month

    2% below the county

    5% below Kentucky

    • Winchester
    • Clark
    • Kentucky

  • Typical household income

    $54,378a year

    15% below the county

    15% below Kentucky

    • Winchester
    • Clark
    • Kentucky

  • Households that own their home

    60%

    10 points below the county

    8 points below Kentucky

    • Winchester
    • Clark
    • Kentucky

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$251,145
4.7% more than 12 months ago
Typical rent
$1,431 a month
6.1% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Winchester is in Clark 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 Clark County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Winchester apart

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 4.7%; in Kentucky, it barely changed.

  2. Nearby, in Mount Sterling, the typical rent is $699: 24% less than in Winchester ($916).

  3. The typical household income in Winchester is $54,378, 15% less than in Clark County as a whole ($64,348).

  4. 60% of households in Winchester own their home, against 71% in Clark 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

In Winchester, 7 in 10 homes are single-family detached houses; in Clark County, 7.

Year built

In Winchester, half of the homes were built before 1972; in Clark County, before 1979.

There are fewer big homes in Winchester than in Clark County: 61% have 3 bedrooms or more, against 71%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

At least 98% of owner-occupied homes in Winchester are worth less than $500,000, below the FHA loan limit for Clark County ($541,287).

Monthly rent with utilities

About 89% of rented homes in Winchester cost less than HUD's 2-bedroom fair market rent for Clark County ($1,416).

With a mortgage

$1,292 a month

Clark County: $1,391 a month

Without a mortgage

$496 a month

Clark County: $512 a month

Owners with a mortgage

68%

Clark County: 65%

Owning costs less in Winchester: with a mortgage, the typical cost is $1,292 a month; in Clark County, $1,391. Without one, $496.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Winchester rose 47%; in Clark County, it rose 42%.

Rents in Winchester rose at about the same pace as in Clark County: 31% since 2015–2019, against 29%.

Here income did not keep up with housing: it rose 22%, while home values changed +47% and rent +31%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureWinchesterClark CountyKentuckyUnited States
Rental vacancy Unreliable estimateUnreliable estimate4.6%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.9%0.9%
More than one person per room Unreliable estimateUnreliable estimate2.0%3.4%
People per household 2.202.442.432.53
Drive alone 75%78%77%69%
Carpool 10%8%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimateUnreliable estimate2%3%
Work from home 14%12%10%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute Unreliable estimateUnreliable estimate20 to 29 minutes20 to 29 minutes

Fewer people live in each home here: 2.20 on average, against 2.44 in Clark County.

In Winchester, 75% of workers drive alone to work; in Clark County, 78%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Winchester?

A typical home is tight for the typical income

We start with a typical home in Winchester, worth $188,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 34% of the typical household income in Winchester, which is $54,378 a year. For that payment to be 28% of income, a household would need to earn about $65,453 a year.

The calculator's FHA and conventional loan limits are those of all of Clark County.

Your numbers

Local data
$

Starts at the typical home value in Winchester. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $6,591 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,527

at 7.18% · 30 years

Loan amount
$184,889
Total interest
$266,012
Paid off in
November 2056

Includes $3,180 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,269 a month

  • Tight

    $1,269 to $1,631 a month

    Your payment · 34%

  • Hard

    more than $1,631 a month

Compared with the typical household income in Winchester ($54,378 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,527
Principal & interest$1,253
Property tax$113
Home insurance$79
FHA mortgage insurance (MIP)$83

You need at least $6,591 for the down payment, plus closing costs.

Next step

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.

The city and its county

Winchester and Clark County

Winchester is in Clark County, Kentucky. 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's own numbers

Typical home value
$188,300
Typical monthly rent
$916
Typical yearly household income
$54,378
Households that own their home
60%
Effective property tax rate
0.72%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Clark County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,416
Price change over 5 years (FHFA)
+55%
Homes in a high flood-risk zone
2%

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 Clark County.

Everything about Clark County

Buying

Buying a home in Winchester

A typical home in Winchester is worth $188,300: 9% below the county and 8% below Kentucky. With the typical household income in Winchester ($54,378 a year), a typical home costs 3.5 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.

  • Winchester 3.5 years
  • Clark 3.2 years
  • Kentucky 3.2 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Clark County

According to FHFA’s house price index, home prices in Clark County rose 85% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Clark County.

Period County Kentucky U.S.
Last year (2025) +6.5% +3.9% +2.9%
5 years (2020–2025) +55% +50% +47%
10 years (2015–2025) +85% +84% +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 Clark County, Kentucky and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Winchester $188,300
  • Clark $205,800
  • Kentucky $205,600
  • United States $332,700
Typical monthly rent
  • Winchester $916
  • Clark $938
  • Kentucky $967
  • United States $1,413
Typical yearly household income
  • Winchester $54,378
  • Clark $64,348
  • Kentucky $63,726
  • United States $80,734
See the full table
Winchester next to Clark County and Kentucky
Measure Winchester Clark County Kentucky U.S.
Typical home value $188,300 $205,800 $205,600 $332,700
Typical monthly rent $916 $938 $967 $1,413
Typical yearly household income $54,378 $64,348 $63,726 $80,734
Households that own their home 60% 71% 68% 65%
Typical yearly property tax $1,362 $1,451 $1,544 $3,119
Effective property tax rate 0.72% 0.71% 0.75% 0.94%
Renters with high rent for their income 55% 51% 45% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Clark 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 $188,300 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 $1,527a month

    Least cash to close
    Down payment
    $6,591
    Cash to close
    $12,240
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $83

  • Conventional, 5% down $1,493a month

    Down payment
    $9,415
    Cash to close
    $15,064
    Rate
    7.18%
    Mortgage insurance
    PMI · $89

  • Conventional, 20% down, no PMI $1,212a month

    Down payment
    $37,660
    Cash to close
    $43,309
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,386a month

    Down payment
    $28,245
    Cash to close
    $33,894
    Rate
    8.18%
    Mortgage insurance
    None

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.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Winchester and for Clark County.

Property tax

Effective rate in Winchester

0.72%of the home’s value each year

$1,362 a year for the typical owner in Winchester.

  • Winchester 0.72%
  • Clark 0.71%
  • Kentucky 0.75%

What Kentucky publishes Homestead exemption for owners 65 or older or totally disabled (Kentucky Department of Revenue)

Exemptions and deadlines in Kentucky

Flood risk in Clark County

FEMA does not publish these numbers by city: they are for all of Clark County.

Homes in the high-risk zone
2%
297
Of those, with NFIP insurance
27%
County Kentucky U.S.
Homes in the high-risk zone 2% 3.5% 3.5%
Of those, with NFIP insurance 27% 19% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Winchester

Typical rent in Winchester is $916 a month: 2% below the county. In Winchester, 55% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Clark County, by unit size. To pay the 2-bedroom one ($1,416 a month) without spending more than 30% of your income, you would need to earn $27.23 an hour working full time.

HUD fair market rent for all of Clark County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $986 $18.96 $39,440
1 bedroom $1,205 $23.17 $48,200
2 bedrooms $1,416 $27.23 $56,640
3 bedrooms $1,948 $37.46 $77,920
4 bedrooms $2,108 $40.54 $84,320

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 40391.

For 2 bedrooms it is $1,180: $236 less than the fair market rent for Clark County ($1,416).

  • 40391 $1,180$1,620

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 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Winchester

HUD lists 15 buildings with rents for lower incomes in Winchester. These are the largest.

  • Memorial Park 13 Memorial Park, Winchester 40391 200 low-income homes · Run by Housing Authority of Winchester · Average payment: $385 a month · Average wait: 4 months (859) 744-2960
  • Smith Manor & Sequoia Village 204 C G Stephenson Dr, Winchester 40391 200 low-income homes · Run by Housing Authority of Winchester · Average payment: $439 a month · Average wait: 5 months · Homes at several sites (859) 744-2960
  • Westwood Apartments 900 Westwood Dr, Winchester 40391 96 low-income homes · For families (859) 745-2808
  • Beverly P White Towers 4 N Maple St, Winchester 40391 90 low-income homes · For older adults (859) 744-0521
  • Cambridge Square 101 C. G. Stephenson DR, Winchester 40391 62 homes, 61 low-income · For families (859) 744-9655

See all 15 buildings in Clark County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Winchester

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 Clark County. The nearest ones are below; many serve by phone or online.

A young woman and a young man point to a line in their notes beside a laptop in a library.

HUD counseling is free or low-cost

Assistance programs in Winchester

No down payment, repair or rent-help program on our list is for Winchester or Clark County. The ones below are statewide in Kentucky: they work in Winchester the same as in the rest of the state.

Which programs do I qualify for? All programs in Kentucky

  • KHC Down Payment Assistance (DPA)

    Statewide in Kentucky

    Kentucky state corporation loan of up to $12,500 for the down payment and closing costs, repaid over 15 years as a second loan, for buyers who take a KHC mortgage. Offered by Kentucky Housing Corporation (KHC).

    Repayable

    See the program Official page

Housing counselors near Winchester

The HUD-approved agencies closest to the center of Winchester, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Apprisen - Lexington

    3499 Blazer Pkwy, Lexington · 13 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 2 more
    (800) 355-2227

  • Community Ventures Corporation

    1450 N Broadway, Lexington · 16 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (859) 231-0054

  • Reach, Inc.

    733 Red Mile Rd, Lexington · 18 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (859) 455-8057

All counseling agencies in Kentucky

Help in Spanish near Winchester

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Winchester

HUD’s record names them for Winchester or Clark County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

All housing agencies in Kentucky Source: HUD

Cities

Nearby cities

The cities closest to Winchester, with the typical home value.

Everything about Clark County Housing in Kentucky

Neighboring counties

If Clark County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Winchester.

All guides
A family walks a boardwalk trail in the forest; one of them uses a wheelchair.

Questions

Housing questions about Winchester

Short answers with the numbers for Winchester and all of Clark 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 $188,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Clark County it is $205,800.

How much does it cost to rent in Winchester?

Typical rent in Winchester is $916 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Clark County is $1,416.

What is the FHA loan limit in Winchester?

Winchester uses the FHA limit for all of Clark 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 $1,362 a year, according to the U.S. Census Bureau. That is 0.72% of the home’s value; in Clark County, the rate is 0.71%.

Where can I find free help to buy or rent in Winchester?

We found no HUD-approved counseling agencies with an office in Clark County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).