22603, Winchester, VA

The Winchester, VA 22603 zip code has a population of approximately 36,000 people. The median household income in the zip code is $86,000, and the median home value is $248,000. The average home equity loan amount in the zip code is $146,500.

According to Zillow’s Home Value Index for ZIP Codes within 100 miles of Winchester, VA (ZIP Code 22603), the median home value in this area increased by 7% from January 2017 to January 2018. This was significantly faster than the national average increase of 3%. Additionally, during this time period there were only two months where the Winchester area saw a decrease in home values (-0.5%).

Home prices are generally higher in areas with a high level of education and income. In Winchester, VA there are a number of highly-educated professionals living nearby who can afford to purchase homes at higher prices than those who do not have as many opportunities or resources. Additionally, there are many businesses located in and around Winchester that generate high levels of income which also contributes to increased home values.