Winchester, Indiana.
Typical home $159,319 (+11.3% in a year), asking rent $950 .
to buy the typical home at today's mortgage rate — +$494 (+144%) since Jan 2020.
- 1 year
- Up $16,175 +11%
- $143,144$159,319 since Sep 2025
- 5 years
- Up $41,253 +35%
- $118,066$159,319 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Winchester$836
- Indiana$1,350
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in Winchester, IN rose 11.3% over the past year — faster than the nation's +1.2%.
Living in Winchester, Randolph County, Indiana
Winchester is a city of 4,843 people in Randolph County. Half its households earn more than $52,439 a year and half less, against $60,791 across Randolph County; 18% of its people live below the poverty line. 70% of its homes are lived in by their owners and 30% are rented. Unemployment in Randolph County was 3.3% in August 2026, and the county had 0.1% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then restaurants and hotels.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Winchester is the county seat of Randolph County, a small city where most homes are lived in by their owners. Residents are somewhat younger than in many small Midwestern towns, and household incomes run below the county's, with a larger share of people living below the poverty line than most would expect. Few adults hold a four-year degree. Winters are cold, with January the coldest month, and summers are warm, with moderate rain and melted snow through the year.
Work. Many residents work in schools, hospitals and social care, with restaurants, hotels and entertainment, manufacturing and retail close behind. Among the largest workplaces in Winchester are Ardagh Glass Inc Winchester, which makes glass packaging containers, Randolph Central School, the school district, and Wick's Pies, which makes frozen pies. The commute is short, and unemployment in the county has eased a little over the past year even as the number of jobs there has barely changed.
Things to do. Winchester Speedway, a race track, sits in or beside town. Farther afield, a longer drive away, are the Mississinewa River, a river for time outdoors, and Eldora Speedway, another race track. ME's Zoo, also a longer drive away, offers a day out for families.
Report a mistake
- 2,139households
- 12%of adults have a degree
- 18%below the poverty line
- 16 mintypical commute
- 9%work from home
What residents work in
Employed residents by industry, from the Census survey. Randolph County had 7,083 jobs in 2025, 0.1% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 33° and lows near 18°; warmest in July, with highs near 83° and lows near 64°. About 40 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Winchester Airport East weather station, 3 miles away (NOAA).
Largest workplaces in Winchester
- Ardagh Glass Inc WinchesterGlass packaging containers manufacturing436
- Randolph Central School CorpSchool district258FTE
- TOA WinchesterLLCJob stampings, automotive, metal, manufacturing248
- Culy ContractingConstruction management, water and sewer line108
- Inind521 Ascension St Vincent RandolphGeneral medical and surgical hospitals94
- Wick's PiesPies, frozen, manufacturing87
- Ohio Valley GasBlue gas, carbureted, production and distribution42
- Cast Metals TechnologySand castings, aluminum, unfinished, manufacturing31
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 8 workplaces with 20 or more staff, 1,073 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windRelatively high
- TornadoesRelatively high
- HailRelatively moderate
- Inland floodingRelatively moderate
- LightningRelatively moderate
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Winchester’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Randolph County.
Winchester home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Winchester$159,319
- Indiana$257,165
- United States$366,157
Sellers are cutting prices on about 1 in 4 Winchester listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Winchester23.29%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Winchester34
New listings per month
Sellers arriving at the market.
- Winchester11
Zip codes with a Winchester address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Winchester — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.