Winchester, MA Real Estate Trends
Winchester real estate offers life in an affluent community full of amenities, excellent schools, low crime rates, and a housing market that has historically remained stable. Housing prices in this area are projected to continue to climb slowly, making Winchester homes an investment that you can feel good about.
Winchester is home to mostly families, many of the adults being commuters. Being an affluent town, the cost of living, average house price, and Winchester rentals are all significantly higher than the rest of Massachusetts. Employment rates and graduation rates in the town of Winchester are extremely admirable as are the ratings of local schools and as such, the median income is approximately $128,200 so the high cost of living is acceptable to most Winchester residents.
The median age of Winchester home owners is about 43, with approximately 75% of them being married and half having children under the age of 18. The amount of violent crime in this town is very low, more than 85% lower than the state average.
Housing and Rentals
There are a variety of sizes and styles when it comes to Winchester homes for sale. Potential buyers will find that Winchester real estate offers mostly single family homes with a plethora of historically significant and custom properties to suit the needs of any size family. The average size single family home is currently valued at approximately $690,000 and there are condos and townhouses that are priced at nearly the same amount. Compared to 2010, there is a price increase of about $200,000 which warrants prospecting a large profit should a homeowner decide to sell in the future.
Winchester apartments, much like Winchester homes for sale, are priced significantly higher than the rest of Massachusetts. The median Winchester rental price is approximately $1400 a month. However, it should be recognized that the buildings and apartment complexes of Winchester offer luxury living and many amenities that the average apartment does not have.
Life in Winchester, MA
Choosing to invest in Winchester real estate is a choice to live in an upstanding community. You will also have many different choices in the style and size of the home that you decide to purchase or the property you rent. Winchester is a town with people, events and history that you can truly enjoy. Along with the affluent architecture and distinguished look of Winchester homes for sale, this town has been recognized as a Green Community by the Massachusetts Department of Energy resources. Explore Winchester today and see it all for yourself!