WINCHESTER HOUSING MARKET INFORMATION With a population of 10,236, 5,001 total housing units (homes and apartments), and a median house value of $290,298, Winchester real estate values are some of the lowest in Connecticut, although compared to real estate around the nation, Winchester homes are still considered rather expensive. Single-family detached homes are the single most common housing type in Winchester, accounting for 57.12% of the town's housing units. Other types of housing that are prevalent in Winchester include duplexes, homes converted to apartments or other small apartment buildings ( 21.48%), large apartment complexes or high rise apartments ( 17.69%), and a few row houses and other attached homes ( 3.65%). The most prevalent building size and type in Winchester are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 64.76% owning and 35.24% renting. The housing in Winchester was primarily built before 1939 ( 39.54%), making the housing stock in Winchester some of the oldest overall in America, although there is a range of ages of homes in Winchester. The next most important housing age is between 1940-1969 ( 29.08%), followed by between 1970-1999 ( 22.77%). There's also some housing in Winchester built between 2000 and later ( 8.61%). Vacant housing appears to be an issue in Winchester. Fully 11.38% of the housing stock is classified as vacant. Left unchecked, vacant Winchester homes and apartments can be a drag on the real estate market, holding Winchester real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor. WINCHESTER HOME APPRECIATION RATES Winchester's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Winchester during the period has been just 5.89%, which is lower than 70% of US communities. Appreciation rates are so strong in Winchester that despite a nationwide downturn in the housing market, Winchester real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Winchester appreciation rates continue to be some of the highest in America, at 9.34%, which is higher than appreciation rates in 73.30% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Winchester. Winchester appreciation rates in the latest quarter were at -0.40%, which equates to an annual appreciation rate of -1.59%. Notably, Winchester's appreciation rate in the latest quarter is one of the lowest in America. Relative to Connecticut, our data show that Winchester's latest annual appreciation rate is lower than 70% of the other cities and towns in Connecticut.