Total monthly cost of ownership
Cost to Own a Home in Winchester, Virginia
A $326,000 home here costs
$2,463per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,676. The real number is $787 higher every month — 47% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Winchester against Winchester city and Virginia
| Measure | Winchester | Winchester city |
|---|---|---|
| Median home value | $325,900 | $325,900 |
| Median property tax | $2,505 | $2,505 |
| Effective tax rate | 0.769% | 0.769% |
| Median gross rent | $1,298 | $1,298 |
| Population | 27,981 | 27,981 |
The weather behind that power bill
Winchester sits in Winchester city, which averages a high of 85.9°F in its hottest month and a low of 23.8°F in its coldest, with 40.69" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,050 cooling and 4,915 heating degree days, which is what sets the $158 electricity line above.
See the full climate breakdown for Winchester city — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Winchester city
No other places of this size are published in Winchester city.
Full Winchester city cost breakdown · Every county in Virginia
Common questions
How much does it cost to own a home in Winchester?
A $326,000 home in Winchester, Virginia costs approximately $2,463 per month with 20% down at 6.66%. That is $1,676 principal and interest, $209 property tax, $80 homeowners insurance, $226 utilities and $272 set aside for maintenance.
What is the property tax rate in Winchester?
Winchester has an effective property tax rate of 0.769%, based on a median home value of $325,900 and median real estate taxes of $2,505. That is in line with the Winchester city average of 0.769%.
What is the average home price in Winchester?
The median owner-occupied home value in Winchester, Virginia is $325,900, against $325,900 across Winchester city.
Is it cheaper to rent or buy in Winchester?
Median gross rent in Winchester is $1,298 a month, against $2,463 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Winchester — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Virginia.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.