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Winchester, Indiana Demographics & Population 2026

Very AffordableHome value to income ratio of 1.9x is exceptionally low

During the 2020–2024 ACS period, Winchester, Indiana had a total population of 5,284, the 126th largest city in Indiana, with a median household income of $52,439, which is 27% lower than the state average. The poverty rate is 18.3%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Winchester Quick Facts

Population 5,284
Median Household Income $52,439
Median Home Value $97,600
Poverty Rate 18.3%
Unemployment Rate 5.0%
Median Age 35.4 years
Homeownership Rate 70.4%
Affordability Ratio 1.9x
Bachelor's Degree or Higher 12.1%
High School Graduation Rate 90.8%
Diversity Index 10/100
Population 5,284 126th of 967
Median Income $52,439 bottom 30%
Poverty Rate 18.3% 47% higher than national
Median Home Value $97,600 bottom 20%

How Winchester Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population4,9125,284+7.6%
Median household income$60,833$52,439-13.8%
Median home value$97,000$97,600+0.6%

How Winchester Compares

Economy & Housing

Household Income Distribution

Under $25K 18.0%
$25K-$50K 27.4%
$50K-$100K 36.6%
$100K+ 18.0%
Detailed income brackets
Under $10K
4.7%
$10K-$15K
4.0%
$15K-$20K
2.6%
$20K-$25K
6.8%
$25K-$30K
4.3%
$30K-$35K
6.4%
$35K-$40K
7.2%
$40K-$45K
5.0%
$45K-$50K
4.5%
$50K-$60K
9.5%
$60K-$75K
14.0%
$75K-$100K
13.1%
$100K-$125K
9.6%
$125K-$150K
4.2%
$150K-$200K
2.6%
$200K+
1.6%

Employment

5.0% Unemployment Rate State: 4.3%|National: 5.2%
54.4% Labor Force Participation

Housing Overview

Owner 70.4%
Renter 29.6%
Affordability Index Very Affordable
1.9x home value to income ratio
Median gross rent $756/mo 17.3% of median household income annually

People & Demographics

Diversity Index

10out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 41 | National average: 61

Education

Winchester Rankings in Indiana

#126 Population of 967
#611 Median Income of 796
#577 Education of 966
#662 Home Value of 818

Other Cities in Randolph County

CityPopulationMedian IncomePovertyHome Value
Union City 3,569 $39,360 31.2% $79,300
Farmland 1,276 $41,206 22.4% $99,200
Parker City 1,211 $58,558 18.8% $94,200
Lynn 943 $38,438 14.1% $83,900
Ridgeville 569 $38,750 13.2% $47,600
Saratoga 249 $53,125 11.7% $65,800
Losantville 238 $54,107 12.2% $92,500
Modoc 180 $64,167 10.6% $65,000

Cities Similar to Winchester

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Lawrenceburg5,179$51,250$227,60021.8%13.5%
Monticello5,496$52,798$149,60012.4%11.1%
Tipton5,280$59,828$161,70022.1%17.7%
Westville5,279$60,794$139,3007.9%11.4%
Linton5,260$45,440$86,00015.1%17.3%

Population Overview

Winchester is a small city located in Indiana, within Randolph County. The total population is 5,284. It ranks as the 126th most populous out of 967 Census-designated places in Indiana.

Age Demographics

The median age in Winchester is 35.4 years. This is 7% lower than the state median of 38.1 years.

Economy, Income & Housing

The median household income in Winchester is $52,439. This is 27% lower than the state median of $71,957. It is also 35% lower than the national median of $80,734. The poverty rate stands at 18.3%. This is 48% higher than the state poverty rate of 12.3%. The unemployment rate is 5.0%. This is 16% higher than the state rate of 4.3%. The median home value is $97,600. Housing costs are 55% lower than the state median of $218,200. With a home-value-to-income ratio of just 1.9x, Winchester is one of the most affordable housing markets in the area. 70.4% of occupied housing units are owner-occupied.

Race & Ethnicity

Winchester has a predominantly White (non-Hispanic) population, comprising 94.8% of all residents. Hispanic or Latino residents account for 2.3%. The Black or African American population (0.4%) is well below the state average of 9.1%. The Hispanic or Latino population (2.3%) is well below the state average of 8.6%.

Education

12.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 59% lower than the state rate of 29.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 90.8%.

Data Sources & Methodology

All demographic data for Winchester, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Winchester, Indiana?

Winchester, Indiana has a population of 5,284 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Winchester, IN?

The median household income in Winchester is $52,439, which is 35% lower than the national median of $80,734.

What is the poverty rate in Winchester, IN?

The poverty rate in Winchester is 18.3%. This means approximately 932 residents live below the federal poverty line.

What is the racial makeup of Winchester, Indiana?

Winchester's population is 94.8% White, 0.4% Black, 2.3% Hispanic/Latino, and 1.6% Asian.

What is the median home value in Winchester, IN?

The median home value in Winchester is $97,600. The home-value-to-income ratio is 1.9x.

How educated is Winchester, Indiana?

12.1% of adults (25+) in Winchester hold a bachelor's degree or higher, and 2.8% hold a graduate or professional degree.