City · 9,799 residents · Franklin County, Tennessee
Winchester, Tennessee
In Winchester, a typical home is worth $216,900 and typical rent is $974 a month. Compared with all of Franklin County, typical rent is 9% higher, the typical home value is 8% lower, and the share of households that own their home is 8 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $281,377 to $359,561.
Typical rent
$1,612a month
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Winchester is in Franklin 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 Franklin County. See the county
What this place has that others do not, from public data, most unusual first.
1
Winchester has the 6th smallest share of rent-burdened renters of the 101 cities in Tennessee with more than 5,000 people (33%).
2
Nearby, in Fayetteville, the typical rent is $779: 20% less than in Winchester ($974).
3
Nearby, in McMinnville, the typical home value is $182,200: 16% less than in Winchester ($216,900).
4
70% of households in Winchester own their home, against 77% in Franklin County.
Sources: U.S. Census Bureau (Average 2020–2024).
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
Franklin County
Tennessee
United States
Kind of home: Winchester and its comparisons
Measure
Winchester
Franklin County
Tennessee
United States
Detached house
79%
83%
68%
61%
Attached house
Unreliable estimate
1%
4%
6%
Building of 2 to 4
12%
6%
6%
8%
Apartments (5 or more)
Unreliable estimate
Unreliable estimate
14%
19%
Mobile home
Unreliable estimate
8%
8%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
Detached houses are the majority in Winchester (79%), but less so than in Franklin County (83%).
Year built
Before 19601960–19791980–19992000–20092010 or later
Winchester
Franklin County
Tennessee
United States
Year built: Winchester and its comparisons
Measure
Winchester
Franklin County
Tennessee
United States
Before 1960
27%
20%
18%
26%
1960–1979
20%
22%
23%
24%
1980–1999
25%
32%
29%
25%
2000–2009
16%
13%
16%
14%
2010 or later
13%
13%
15%
11%
In Winchester, half of the homes were built before 1983; in Franklin County, before 1985.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K12%
$100K–$200K34%
$200K–$300K18%
$300K–$500K24%
$500K–$750K8%
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Winchester and its comparisons
Measure
Winchester
Under $100K
12%
$100K–$200K
34%
$200K–$300K
18%
$300K–$500K
24%
$500K–$750K
8%
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
The FHA loan limit for Franklin County is $541,287, and about 89% of owner-occupied homes in Winchester are worth less than that.
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99939%
$1,000–$1,49946%
$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
39%
$1,000–$1,499
46%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable estimate
With a mortgage
$1,282 a month
Franklin County: $1,352 a month
Without a mortgage
$494 a month
Franklin County: $476 a month
Owners with a mortgage
46%
Franklin County: 52%
In Winchester, 46% of owners have a mortgage, and their typical cost is $1,282 a month, against $1,352 in Franklin County. Without one it drops to $494.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Winchester+48%
Franklin County+70%
Tennessee+72%
United States+53%
Typical rent
Winchester+53%
Franklin County+32%
Tennessee+37%
United States+33%
Typical household income
Winchester+24%
Franklin County+23%
Tennessee+31%
United States+29%
Change since 2015–2019: Winchester and its comparisons
Measure
Winchester
Franklin County
Tennessee
United States
Typical home value
+48%
+70%
+72%
+53%
Typical rent
+53%
+32%
+37%
+33%
Typical household income
+24%
+23%
+31%
+29%
Homes in Winchester gained value more slowly than in Franklin County: 48% since 2015–2019, against 70%.
The typical rent in Winchester rose 53% over the same time; in Franklin County, it rose 32%.
The typical household income in Winchester rose 24%: less than home values (+48%) and rent (+53%).
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Winchester and its comparisons
Measure
Winchester
Franklin County
Tennessee
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
6.1%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.9%
0.9%
More than one person per room
Unreliable estimate
1.5%
2.2%
3.4%
People per household
2.25
2.38
2.45
2.53
Drive alone
85%
81%
76%
69%
Carpool
Unreliable estimate
7%
8%
9%
Public transit
Unreliable estimate
Unreliable estimate
0%
3%
Walk or bike
Unreliable estimate
3%
1%
3%
Work from home
11%
8%
13%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
Unreliable estimate
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
On average, a household in Winchester has 2.25 people, fewer than in Franklin County (2.38).
To get to work, 85% of workers in Winchester drive alone; in Franklin County, 81%.
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 $216,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 33% of the typical household income in Winchester, which is $62,782 a year. For that payment to be 28% of income, a household would need to earn about $73,767 a year.
The calculator's FHA and conventional loan limits are those of all of Franklin 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 $7,592 (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
$1,721
at 7.18% · 30 years
Loan amount
$212,971
Total interest
$306,415
Paid off in
November 2056
Includes $3,663 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,465 a month
Tight
$1,465 to $1,883 a month
Your payment · 33%
Hard
more than $1,883 a month
Compared with the typical household income in Winchester ($62,782 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,443
Property tax
$92
Home insurance
$90
FHA mortgage insurance (MIP)
$96
You need at least $7,592 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 $1,721; principal and interest $1,443.
The city and its county
Winchester and Franklin County
Winchester is in Franklin County, Tennessee. 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 Franklin County, Tennessee, with Winchester marked. Around it, the neighboring counties.
Winchester
Franklin County
Other cities with a page
Winchester's own numbers
Typical home value
$216,900
Typical monthly rent
$974
Typical yearly household income
$62,782
Households that own their home
70%
Effective property tax rate
0.51%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Franklin County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,060
Price change over 5 years (FHFA)
+75%
Homes in a high flood-risk zone
1.7%
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 Franklin County.
A typical home in Winchester is worth $216,900: 8% below the county and 24% below Tennessee. With the typical household income in Winchester ($62,782 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.
Winchester3.5 years
Franklin3.7 years
Tennessee4.1 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Franklin County
According to FHFA’s house price index, home prices in Franklin County rose 133% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Franklin County.
Yearly change in FHFA’s price index in Franklin County, 2016 to 2025
2016: +6.7% +6.7% 2016
2017: +7.5% +7.5% 2017
2018: +4.6% +4.6% 2018
2019: +5.9% +5.9% 2019
2020: +4.8% +4.8% 2020
2021: +18.3% +18.3% 2021
2022: +21.6% +21.6% 2022
2023: +8.2% +8.2% 2023
2024: +6.6% +6.6% 2024
2025: +5.4% +5.4% 2025
Change in FHFA’s price index in Franklin County, Tennessee and the United States
Period
County
Tennessee
U.S.
Last year (2025)
+5.4%
+2.4%
+2.9%
5 years (2020–2025)
+75%
+60%
+47%
10 years (2015–2025)
+133%
+114%
+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 Franklin County, Tennessee and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Winchester$216,900
Franklin$236,900
Tennessee$286,700
United States$332,700
Typical monthly rent
Winchester$974
Franklin$894
Tennessee$1,189
United States$1,413
Typical yearly household income
Winchester$62,782
Franklin$63,494
Tennessee$69,595
United States$80,734
See the full table
Winchester next to Franklin County and Tennessee
Measure
Winchester
Franklin County
Tennessee
U.S.
Typical home value
$216,900 ▼8% below the county
$236,900
$286,700
$332,700
Typical monthly rent
$974 ▲9% above the county
$894
$1,189
$1,413
Typical yearly household income
$62,782
$63,494
$69,595
$80,734
Households that own their home
70% ▼8 points below the county
77%
67%
65%
Typical yearly property tax
$1,109 ▼11% below the county
$1,246
$1,442
$3,119
Effective property tax rate
0.51% ▼0.02 points below the county
0.53%
0.5%
0.94%
Renters with high rent for their income
33% ▼8 points below the county
40%
49%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Franklin 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 $216,900 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$1,721a month
Least cash to close
Down payment
$7,592
Cash to close
$14,099
Rate
7.18%
Mortgage insurance
FHA MIP · $96
Conventional, 5% down$1,681a month
Down payment
$10,845
Cash to close
$17,352
Rate
7.18%
Mortgage insurance
PMI · $103
Conventional, 20% down, no PMI$1,358a month
Down payment
$43,380
Cash to close
$49,887
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,559a month
Down payment
$32,535
Cash to close
$39,042
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
$1,721
$7,592
$212,971
7.18%
FHA MIP · $96
$14,099
580
Conventional, 5% down
$1,681
$10,845
$206,055
7.18%
PMI · $103
$17,352
620*
Conventional, 20% down, no PMI
$1,358
$43,380
$173,520
7.18%
None
$49,887
620*
ITIN, 15% down (example)
$1,559
$32,535
$184,365
8.18%
None
$39,042
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.
Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Winchester and for Franklin County.
Property tax
Effective rate in Winchester
0.51%of the home’s value each year
$1,109 a year for the typical owner in Winchester.
Winchester0.51%
Franklin0.53%
Tennessee0.5%
What Tennessee publishesProperty tax relief for older, disabled and disabled-veteran homeowners (Tennessee Comptroller of the Treasury, 2026 Property Tax Relief Program brochure)
Typical rent in Winchester is $974 a month: 9% above the county. In Winchester, 33% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Franklin County, by unit size. To pay the 2-bedroom one ($1,060 a month) without spending more than 30% of your income, you would need to earn $20.38 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 Franklin County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$805
$15.48
$32,200
1 bedroom
$810
$15.58
$32,400
2 bedrooms
$1,060
$20.38
$42,400
3 bedrooms
$1,403
$26.98
$56,120
4 bedrooms
$1,772
$34.08
$70,880
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 37398.
For 2 bedrooms it is $1,080: $20 more than the fair market rent for Franklin County ($1,060).
Fair market rent by ZIP code and size in Winchester, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
37398
$820
$830
$1,080
$1,430
$1,800
ZIP code2 bd3 bd
37398 $1,080$1,430
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)
HUD lists 2 buildings with rents for lower incomes in Winchester. These are the largest.
Cumberland Place3901 Cowan Hwy, Winchester 3739875 low-income homes · 2 bd: 52 · 3 bd: 23 · In service since 2011 · For people with disabilities, families(615) 976-8762
Sunny View Apartments205 8th Ave SW, Winchester 3739824 low-income homes · For older adults(931) 967-0344
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 Franklin 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 Franklin County. The ones below are statewide in Tennessee: they work in Winchester the same as in the rest of the state.
Tennessee state agency help with the down payment and closing costs alongside the Great Choice mortgage: $6,000 or $10,000 forgivable over 10 years with no payments, or up to 5% of the price (maximum $15,000) as a 30-year second mortgage.Offered by Tennessee Housing Development Agency (THDA).
No legal help resource on our list is for Winchester or Franklin 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 Franklin 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 $216,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Franklin County it is $236,900.
How much does it cost to rent in Winchester?
Typical rent in Winchester is $974 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Franklin County is $1,060.
What is the FHA loan limit in Winchester?
Winchester uses the FHA limit for all of Franklin 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 $1,109 a year, according to the U.S. Census Bureau. That is 0.51% of the home’s value; in Franklin County, the rate is 0.53%.
Where can I find free help to buy or rent in Winchester?
We found no HUD-approved counseling agencies with an office in Franklin County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
