Market Overview
Home Prices in Winchester, TN
The median home value in Winchester, TN is $367,625 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.4% compared to a year ago and up 3.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Winchester are priced10% below average. Winchester is part of the Tullahoma-Manchester, TN metro area.
Over the past five years, Winchester home values have risen by approximately35.5%, reflecting strong long-term appreciation in this market.
Price History
Winchester Home Price Trend
City Comparison
Winchester vs. National Median
At $367,625, homes in Winchester cost 10% below the national median of $410,000. This makes Winchester a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Winchester?
20% Down Payment
$73,525
on $367,625
Monthly P&I
$1,917/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,435/mo
incl. taxes & insurance
Income Needed
$97,400
gross annual (30% rule)
10% Down Option
$36,763
+ PMI applies
Loan Amount (20% dn)
$294,100
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Winchester, TN?
The median home value in Winchester is $367,625 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.4% year-over-year.
How much have home prices changed in Winchester?
Over the past year, home values in Winchester have increased by 2.4%. Over five years, prices have risen approximately 35.5%.
How much do I need to earn to buy a home in Winchester?
To comfortably afford the median home price of $367,625 with a 20% down payment ($73,525) at today's rates (6.8%), you'd need a gross annual income of approximately $97,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Winchester compare to the national average home price?
The national median home value is approximately $410,000. At $367,625, homes in Winchester are 10% below the national average.
What metro area is Winchester part of?
Winchester is part of the Tullahoma-Manchester, TN metropolitan area. Home prices and market conditions can vary across the broader metro region.