Winona, Minnesota Housing Market Prices
Winona Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 68% below the Minnesota median$75,721
-
Median rent 29% below the Minnesota median$905
Housing Market Overview
| Metric | Winona | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $75,721 | $236,718 | $248,835 |
| Price Trend (Annual %) | -1.0% | 6.6% | 7.5% |
| Median Gross Rent | $905 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 4.9% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Winona is about 68% lower than in Minnesota. Rent is about 29% lower than the Minnesota average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Winona: home prices fell about 1.0% a year while rent rose about 4.9% a year. That is an unusual pattern worth watching.
Median rent in Winona rose about 56.0% between 2015 and 2024, from $580 to $905. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Winona.
Buying the median-priced home in Winona costs roughly 7.0 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Winona. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Winona | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $75,721 | $236,718 | $248,835 |
| Median Household Income | $55,926 | $89,852 | $80,455 |
| Price-to-Income Ratio | 1.4 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Winona fell about 21.7%, while median household income rose about 59.9% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Winona | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.8% | 65.5% | 58.5% |
| Rental Rate | 39.8% | 25.2% | 31.2% |
| Vacancy Rate | 7.4% | 9.3% | 10.2% |
| Median Tenure (years) | 10.0 | 15.0 | 15.0 |
| Median Year Moved In | 2016 | 2011 | 2011 |
Winona has a homeownership rate of 52.8%, lower than the Minnesota average of 65.5%. Its housing vacancy rate is 7.4%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Winona | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.14 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1963 | 1976 | 1978 |
| Median Number of Rooms | 5.5 | 6.1 | 5.5 |
The typical housing unit in Winona was built around 1963. On average, 2.1 people live in a home with about 5.5 rooms, staying for about 10.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Winona, Minnesota.
What is the median home price in Winona, Minnesota?
The median home price in Winona, Minnesota is $75,721, lower than the Minnesota average of $236,718.
What is the average home price in Winona, Minnesota?
The typical home price in Winona, Minnesota, reported as the median sale price, is $75,721. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Winona, Minnesota?
The median gross rent in Winona, Minnesota is $905 per month, lower than the Minnesota average of $1,280.
What was the median gross rent in Winona in 2020?
In 2020, the median gross rent in Winona, Minnesota was $661 per month.
What is the price-to-rent ratio in Winona, Minnesota?
The price-to-rent ratio in Winona, Minnesota is about 7.0, meaning it would take roughly 7.0 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Winona.
Are home prices or rent rising faster in Winona, Minnesota?
Home prices and rent are moving in opposite directions in Winona: home prices fell about 1.0% a year while rent rose about 4.9% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Winona, Minnesota?
52.8% of households in Winona, Minnesota own their home, lower than the Minnesota average of 65.5%.
What is the vacancy rate in Winona, Minnesota?
The housing vacancy rate in Winona, Minnesota is 7.4%, lower than the Minnesota average of 9.3%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →