Winchester, IN
Population 4,912 · Indiana
About Winchester, IN
Winchester is a small community in Indiana with a population of 4,912 residents. The median household income is $60,833 per year, which is near the national average. The median age in Winchester is 36.1 years.
Housing in Winchester has a median home value of $97,000 and median monthly rent of $727. Of the 2,292 total housing units, the majority are owner-occupied, with 1,365 owner-occupied and 587 renter-occupied units.
The unemployment rate in Winchester is 5.0% and the poverty rate is 13.9%. 10.0% of residents hold a bachelor's degree or higher. The average commute time is 18.7 minutes.
Cost of Living in Winchester, IN
Compared to national averages, Winchester has a median household income of $60,833 (19% below the national median of $75,149). Home values average $97,000, which is 60% below the national median. Monthly rent at $727 is 37% below the US average of $1,163. Within Indiana, Winchester's income is 12% below the state average of $69,330, and home values are 41% below the state median of $163,409.
Why Live in Winchester, IN?
Winchester offers affordable housing with a median home value of $97,000, below the US average of $244,900, and rent that’s lower than the national average at $727/month, and short commute times averaging just 18.7 minutes.
Potential considerations include median household income ($60,833) that falls below the national average. However, Winchester’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Winchester has a population of 4,912 with a median age of 36.1 years. Compare Winchester with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Winchester
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| North Manchester | 4,904 | $63,438 | $135,500 | Compare |
| Clinton | 4,814 | $43,374 | $96,800 | Compare |
| Winona Lake | 5,073 | $97,813 | $242,400 | Compare |
| Fortville | 5,092 | $82,763 | $240,300 | Compare |
| Pendleton | 5,115 | $87,971 | $236,200 | Compare |
| Alexandria | 5,145 | $60,616 | $92,700 | Compare |
| Linton | 5,153 | $41,968 | $86,800 | Compare |
| Lawrenceburg | 5,155 | $52,778 | $191,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Winchester
What is the population of Winchester, IN?
The population of Winchester, IN is 4,912 according to the latest Census data.
What is the median household income in Winchester?
The median household income in Winchester, IN is $60,833 per year.
What is the median home value in Winchester?
The median home value in Winchester, IN is $97,000.
What is the average rent in Winchester?
The median monthly rent in Winchester, IN is $727.
What is the unemployment rate in Winchester?
The unemployment rate in Winchester, IN is 5.0%.