Winchester, VA

Population: 27,216
Average annual home appreciation rate: -0.26%
Total of homes for sale in this market: 608
Median home price: $236,964
Median Rent: $973 per room
Home price range: 32.42% of homes are between $106,001 – $211,000
Median sales price: $209,500
Number of homes: 24
Median foreclosure sales price: $138,757
Foreclosure discount: $70,743 ( 33.8% )
Most common home type: 53.37% of homes are single family detached
Number of vacant homes: 12.51%
Number of renters: 53.21%
Number of owner occupied: 46.79%
Number people living below poverty level: 20.14%
Unemployment rate: 4.90%
Is this area perfect for real estate deals going on right now? Winchester has been a performer for the past decade… but in the past year, it has seen a shift from more home owners to more renters. The appreciation rate has gone down along with home prices which could indicate a great time to invest in buy and hold properties based on the higher demand of rental properties.

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