Winona, MN—55987
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Winona, MN
Home Price Trends — Winona, MN
As of Oct '25, the median home price in Winona, MN is $247,000, with a year-over-year change of 5.1%. This indicates that home prices in Winona, MN are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $247,000 | 5.2% |
| Single Family | $247,000 | 5.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $131,000 | 2.3% |
2 Bed | $188,000 | 4.4% |
3 Bed | $249,000 | 5.5% |
4 Bed | $313,000 | 6.5% |
| 5 Bed | $321,000 | 5.2% |
% of Housing Stock
Rental Trends — Winona, MN
As of July '25, Rentcast reports the average rent in Winona, MN is $1,130, with a year-over-year rent change of 3.7%. Per bedroom, the median rent as of July '25 in Winona, MN is studios: $615, 1-bedrooms: $803, 2-bedrooms: $1,170, 3-bedrooms: $1,540. The most common rental property sizes in Winona, MN are 1-bedroom and 2-bedroom, accounting for 35.7% and 30.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $929 | $1,130 |
| Studio Rent | $615 | $615 |
| 1 Bed Rent | $725 | $803 |
| 2 Bed Rent | $995 | $1,170 |
| 3 Bed Rent | $1,400 | $1,540 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Winona, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Winona, MN is 39. This is a increase of 26.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $286,000 | 18.0% |
Listing Count | 77 | 8.0% |
| Listings as % of Homes | 0.2% | 8.0% |
Days on Market | 39 | 26.0% |
Demographics — Winona, MN
As of the latest ACS Survey released in 2023, Winona, MN has a population of 33,900, which has decreased by -2.9% over the past 5 years. Winona, MN is a less popular place for families, as children make up 14.6% of the population. The area has a moderately educated workforce, with 34.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,900 | -2.9% |
% Under 18 | 14.6% | 0.7% |
% Seniors | 19.2% | 15.0% |
% WFH | 8.6% | 115.0% |
% w/ College Degree | 34.6% | 7.5% |
As of the latest ACS Survey released in 2023, Winona, MN is a predominantly white area, with 88.7% of the population identifying as white. The white population has shrunk by 3.3% in the last 5 years. The second most common race or ethnicity in Winona, MN is hispanic, making up 3.9% of the population. Foreign-born residents account for 2.8% of the population in Winona, MN, and this percentage has decreased by 9.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 88.7% | -3.3% |
% Black | 2.5% | 47.1% |
% Hispanic | 3.9% | 77.3% |
% Asian | 2.1% | -16.0% |
% Foreign Born | 2.8% | -9.7% |
Mortgage and Risk — Winona, MN
According to HUD data as of 2023, there were 634 mortgage originations in Winona, MN, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Winona, MN. Investor activity is low, as 4.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 634 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Winona, MN
Winona, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 749 |
Total Units Section 8 | 447 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 88.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $55 | $725 | $780 |
| 2 Bedroom | -$45 | $995 | $950 |
| 3 Bedroom | -$200 | $1,400 | $1,200 |
| 4 Bedroom | N/A | N/A | $1,310 |
Affordability — Winona, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $247,000 |
| Median Household Income | $62,200 |