Winona Lake, IN 46590 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Winona Lake, IN—46590

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$292,000

3.4% YoY Growth

Household Income

$97,800

54.9% YoY Growth

Days on Market

36.0% Shorter YoY

Home Price Forecast

2.0%

Median Rent

$1,480

76.5% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$3,980

375.5% YoY Growth

3-Bed Rent

$1,480

43.1% YoY Growth

Home Price Trends — Winona Lake, IN

As of Dec '25, the median home price in Winona Lake, IN is $292,000, with a year-over-year change of 3.4%. This indicates that home prices in Winona Lake, IN are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$292,000	3.4%
Single Family	$288,000	3.2%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Winona Lake, IN

As of July '25, Rentcast reports the average rent in Winona Lake, IN is $2,100, with a year-over-year rent change of 76.5%. Per bedroom, the median rent as of July '25 in Winona Lake, IN is studios: $835, 2-bedrooms: $3,980, 3-bedrooms: $1,480. The most common rental property sizes in Winona Lake, IN are 2-bedroom and 4-bedroom, accounting for 29.7% and 24.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,480	$2,100
Studio Rent	$835	$835
1 Bed Rent	N/A	N/A
2 Bed Rent	$3,980	$3,980
3 Bed Rent	$1,480	$1,480
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

2.0%

1 Bedroom

20.0%

2 Bedrooms

29.7%

3 Bedrooms

20.0%

4 Bedrooms

24.4%

5+ Bedrooms

3.7%

Property Listings — Winona Lake, IN

As of Dec '25, Realtor.com reports that the median days on market for a home in Winona Lake, IN is 65. This is a decrease of -22.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 57.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$429,000	9.0%
Listing Count	7	-40.0%
Listings as % of Homes	0.1%	-40.0%
Days on Market	45	-36.0%

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Demographics — Winona Lake, IN

As of the latest ACS Survey released in 2023, Winona Lake, IN has a population of 5,070, which has increased by 3.1% over the past 5 years. Winona Lake, IN is a moderately popular place for families, as children make up 15.6% of the population. The area has a highly educated workforce, with 50.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	5,070	3.1%
% Under 18	15.6%	-23.5%
% Seniors	10.1%	-12.9%
% WFH	6.9%	-5.5%
% w/ College Degree	50.8%	10.0%

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As of the latest ACS Survey released in 2023, Winona Lake, IN is a predominantly white area, with 78.8% of the population identifying as white. The white population has shrunk by 7.8% in the last 5 years. The second most common race or ethnicity in Winona Lake, IN is hispanic, making up 13.9% of the population. Foreign-born residents account for 6.6% of the population in Winona Lake, IN, and this percentage has increased by 6.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	78.8%	-7.8%
% Black	1.0%	0.0%
% Hispanic	13.9%	61.6%
% Asian	0.4%	-60.0%
% Foreign Born	6.6%	6.5%

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Mortgage and Risk — Winona Lake, IN

According to HUD data as of 2023, there were 100 mortgage originations in Winona Lake, IN, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Winona Lake, IN. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	100
% Conventional Loans	91.0%
% Government Loans	9.0%
% Investor Loans	1.0%
% Second Loans	4.0%
% Cash Out Refinance	14.0%

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Rentals and Section 8 — Winona Lake, IN

Winona Lake, IN lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	21
Total Units Section 8	21
% Rentals under Section 8	N/A
% Occupied Section 8	80.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$970
2 Bedroom	-$2,780	$3,980	$1,200
3 Bedroom	$0	$1,480	$1,480
4 Bedroom	N/A	N/A	$1,680

Winona Lake, IN—46590

Key Metrics at a Glance

Home Price Trends — Winona Lake, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Winona Lake, IN

% of Rental Stock

Property Listings — Winona Lake, IN

Demographics — Winona Lake, IN

Race and Ethnicity

Mortgage and Risk — Winona Lake, IN

Mortgages

Rentals and Section 8 — Winona Lake, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Winona Lake, IN

Home Price to Income Ratio

Winona Lake, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Warsaw, IN

Warsaw, IN

Pierceton, IN

Leesburg, IN

Claypool, IN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.7
Median Home Price	$292,000
Median Household Income	$97,800

Winona Lake, IN—46590

Key Metrics at a Glance

Home Price Trends — Winona Lake, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Winona Lake, IN

% of Rental Stock

Property Listings — Winona Lake, IN

Demographics — Winona Lake, IN

Race and Ethnicity

Mortgage and Risk — Winona Lake, IN

Mortgages

Rentals and Section 8 — Winona Lake, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Winona Lake, IN

Home Price to Income Ratio

Winona Lake, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Warsaw, IN

Warsaw, IN

Pierceton, IN

Leesburg, IN

Claypool, IN

Frequently Asked Questions

What is the average home price in Winona Lake, IN 46590?

How have home prices in Winona Lake, IN 46590 changed over the past year?

What is the home price projection for Winona Lake, IN 46590?

What are the demographics of Winona Lake, IN 46590?

How long does it take homes to sell in Winona Lake, IN 46590?

What is the average rent price in Winona Lake, IN 46590?