Rent to Own Homes in Winchester
Although Europeans explored the Shenandoah valley as early as 1606,... Read More
Although Europeans explored the Shenandoah valley as early as 1606, the area was not settled until about 1729. It seems that Quakers were the first to establish a community there. By 1738 it was known as Frederick Town. However, in 1752 it was officially renamed Winchester after the English hometown of Colonel James Wood, who built his home there, laid out the town, and served in the County Court for nearly 20 years.The below results are primarily rent to own homes in :
Although Europeans explored the Shenandoah valley as early as 1606,... Read More
Although Europeans explored the Shenandoah valley as early as 1606, the area was not settled until about 1729. It seems that Quakers were the first to establish a community there. By 1738 it was known as Frederick Town. However, in 1752 it was officially renamed Winchester after the English hometown of Colonel James Wood, who built his home there, laid out the town, and served in the County Court for nearly 20 years.The below results are primarily rent to own homes in :
The city played an important role in both the American Revolution and the Civil War, where no less than five major battles were fought within the city limits. Today there are remains of several Civil War-era forts, and Winchester is an important historical resource for Civil War buffs. There are 13 structures within the city that are individually listed on the National Register of Historic Places, and the Winchester Historic District includes 1,116 contributing buildings built between 1750 and 1930.
Buying a Home in Winchester?
The median home cost in Winchester is $227,500, which is 22 percent above the national average. Current listings range from $39,900 to $875,000. About 53 percent of the residential real estate is owner occupied, and the overall cost of living is ten percent higher than the national average.
Approximately 46 percent of Winchester’s residents are married, and the median age of the population is 36. The median household income is $44,700. The violent crime rate is significantly lower than the national average; the rating is just 19 (out of 100), compared to the United States average of 31.1.
Winchester Public Schools serves the city, and is comprised of four elementary schools, an intermediate school, middle school, and high school. Several private schools are available as well.
Popular Neighborhoods in Winchester?
Twelve constituent neighborhoods make up the city of Winchester. The northernmost neighborhood in the Winchester area, reaching all the way to the West Virginia border, is the Welltown/Green Spring neighborhood. The residential real estate is primarily medium- to large-sized single-family homes and mobile homes, most is owner occupied, and many residences were built after 1970. It’s rated in the top 12 percent of family-friendly neighborhoods in the state. The median home cost is $351,800.
Near the center of town is the S Braddock/W Boscawen St. neighborhood. The residences are mainly small- to medium-sized single-family homes and apartment complexes. A mixture of renters and owners live here. The median home cost in this upper-middle income neighborhood is $389,500.
Buying vs. Rent to Own Homes
You may already be considering a move to Winchester because of its quality housing and scenic beauty. But buying a home, because of pre-qualification and the necessary down payment, is out of reach for some. Many are taking advantage of rent-to-own arrangements. The tenant agrees to live in the home for a specified period, and all the while a portion of each month’s rent is set aside toward a down payment. That amount gradually accrues, and then the tenant has the option to buy. It is a simple and convenient way to become a homeowner.
Summary
Along with its proximity to Washington, D.C., Winchester is close to Baltimore and just 135 miles from the state capital of Richmond. The area is steeped in history stretching back to before the Revolutionary War. Add to that a mild climate and family-friendly neighborhoods, and Winchester is a good place to settle and call home.
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