CALCMONEY // HOME AFFORDABILITY // MA // WINCHESTER
How much house can you afford in Winchester? Based on local median home prices, current MA mortgage rates, and Winchester property tax data.
$1,150,000
$7,527/mo
$322,604/yr
$631,816
Monthly housing costs of $7,527 represent 44.1% of Winchester's median gross monthly income ($17,083/mo). At 44.1%, median-income buyers in Winchester are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $1,150,000 |
| Down Payment (20%) | $230,000 |
| Loan Amount | $920,000 |
| Monthly PI Payment | $6,090 |
| Monthly Property Tax | $958 |
| Monthly Insurance Est. | $479 |
| Total Monthly PITI | $7,527 |
| Housing Cost % of Income | 44.1% |
| Required Income (28% rule) | $322,604/yr |
| Max Affordable Home | $631,816 |
$40,250
$9,570/mo
Winchester Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $1,150,000 | Winchester city median |
| Down Payment (20%) | $230,000 | Conventional loan |
| Monthly PITI | $7,527 | 6.95% rate, 30yr fixed |
| Required Income (28% rule) | $322,604 | Annual gross |
| Max Affordable Home | $631,816 | Based on median income |
| FHA Down (3.5%) | $40,250 | Minimum FHA |
| Housing Cost % of Income | 44.1% | Median income: $205,000/yr |
| Property Tax Rate | 1% | $11,500/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Winchester is $1,150,000, with a local 30-year mortgage rate of 6.95%. A buyer putting 20% down carries a loan of $920,000, generating a monthly P&I payment of $6,090. Adding property taxes ($958/mo) and homeowners insurance ($479/mo) brings total monthly PITI to $7,527.
Winchester's property tax rate of 1% is near the national average, adding a standard increment to monthly housing costs. On the Winchester median home, that is $958/month, or $11,500 per year.
Massachusetts levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Winchester should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Winchester's median income of $205,000/year can afford up to $4,783/month in total housing costs. Based on Winchester's mortgage rate of 6.95% and property tax rate of 1%, that translates to a maximum affordable home price of approximately $631,816 with 20% down on a 30-year loan.
To afford the median Winchester home priced at $1,150,000, you need an annual gross income of approximately $322,604. Total monthly housing costs (principal and interest of $6,090, property taxes of $958, and insurance of $479) come to $7,527/month, which equals 28% of the required income.
At the median home price of $1,150,000 and median household income of $205,000, the total monthly housing cost of $7,527 represents 44.1% of gross monthly income. This is well above the standard 28% threshold, making Winchester a challenging market for buyers at median income.
A conventional 20% down payment on the median Winchester home of $1,150,000 is $230,000. An FHA loan requires just 3.5% down — $40,250 — but adds mortgage insurance of roughly $786/month, bringing total FHA payments to $9,570/month.
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