HousingHandbookReference data

U.S. ZIP Code · VA22603

Frederick County · Winchester, VA-WV

Typical home value

$430,853[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+3.1%
5-year / yr
+5.3%
10-year / yr
+6.0%

Relative price

vs U.S.
+51.7%
vs metro
+47.5%
vs state
+31.2%
ZIP 22603 location in VA
Location of ZIP 22603 in VA

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 22603 is worth $430,853 — 47.5% above the Winchester, VA-WV median. Over the past year, values have risen 3.1%. The effective property tax rate is 0.5%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.5%[3]
Typical annual tax
$2,091[3]

#Climate risk

FEMA National Risk Index ratings for Frederick County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Relatively Low
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
Relatively Moderate
Heat wave
Relatively Low
Hurricane
Relatively Low
Tornado
Relatively Low
Earthquake
Relatively Low
Winter weather
Relatively Moderate

#Who lives here

Population
17,133[3]
Median household income
$75,104[3]

#Migration

Household moves in and out of Frederick County over a year, from IRS tax-return data.

Net migration
+590[5]
Moved in
3,561
Moved out
2,971

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
8
Elementary
4
Middle
1
High
2
  • Millbrook High

    High · Grades 9–12 · Frederick County Public Schools

    1,573 students

  • James Wood High

    High · Grades 9–12 · Frederick County Public Schools

    1,463 students

  • Frederick County Middle

    Middle · Grades 6–8 · Frederick County Public Schools

    751 students

  • Redbud Run Elementary

    Elementary · Grades PK–5 · Frederick County Public Schools

    596 students

  • Gainesboro Elementary

    Elementary · Grades PK–5 · Frederick County Public Schools

    489 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$2,179
Loan principal$344,683
Down payment$86,171
Total interest paid$439,624

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$2,714
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
20th percentile[1]
Rental yield
[2]
Property tax
65th percentile[3]

Frequently asked

How much is a home worth in ZIP code 22603?
The typical home in 22603 is worth $430,853, based on the Zillow Home Value Index.
Are home values rising in 22603?
Home values in 22603 are up 3.1% over the past year, and up 5.3% a year over five years.
What is the property tax rate in 22603?
The effective property tax rate in 22603 is 0.5% — roughly $2,091 a year on a typical home.
Who lives in 22603?
ZIP code 22603 has a population of 17,133 and a median household income of $75,104.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Lake Holiday CDP, VA

    Typical home
    $432,515
    Gross yield
  • VA

    Typical home
    $425,056
    Gross yield
  • Gore CDP, VA

    Typical home
    $438,525
    Gross yield
  • Shawneeland CDP, VA

    Typical home
    $420,953
    Gross yield
    5.9%
  • Middletown, VA

    Typical home
    $450,071
    Gross yield
  • Stephens City, VA

    Typical home
    $406,968
    Gross yield
    6.6%

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