Housing Market Overview
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 Map: Nearby Counties
Housing Market Overview
| Metric | Winona County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $77,499 | $243,729 | $242,182 |
| Price Trend (Annual %) | -4.0% | 7.9% | 8.2% |
| Median Gross Rent | $865 | $1,234 | $1,342 |
| Rent Trend (Annual %) | 4.7% | 5.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Winona County is about 68% lower than in Minnesota. Rent is about 30% lower than the Minnesota average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Winona County: home prices fell about 4.0% a year while rent rose about 4.7% a year. That is an unusual pattern worth watching.
Median rent in Winona County rose about 42.2% between 2015 and 2023, from $608 to $865. Over the same span, rent in Minnesota rose about 45.7%.
Affordability
On average, housing unit costs 1.1 yearly household incomes in Winona County.
Buying the median-priced home in Winona County costs roughly 7.5 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 County. The price-to-rent ratio in Minnesota is about 16.5.
| Metric | Winona County | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $77,499 | $243,729 | $242,182 |
| Median Household Income | $69,387 | $88,383 | $78,145 |
| Price-to-Income Ratio | 1.1 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Winona County fell about 31.9%, while median household income rose about 61.1% between 2009 and 2023 — 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 County | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.1% | 65.6% | 58.2% |
| Rental Rate | 29.1% | 25.0% | 31.3% |
| Vacancy Rate | 6.8% | 9.4% | 10.6% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Winona County has a homeownership rate of 64.1%, lower than the Minnesota average of 65.6%. Its housing vacancy rate is 6.8%, compared with 9.4% in Minnesota.
Housing Stock
| Metric | Winona County | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.28 people | 2.44 people | 2.54 people |
| Median Structure Built Year | 1978 | 1976 | 1978 |
| Median Number of Rooms | 5.9 | 6.1 | 5.5 |
The typical housing unit in Winona County was built around 1978. On average, 2.3 people live in a home with about 5.9 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Winona County, Minnesota.
What is the median home price in Winona County, Minnesota?
The median home price in Winona County, Minnesota is $77,499, lower than the Minnesota average of $243,729.
What is the average home price in Winona County, Minnesota?
The typical home price in %s, reported as the median sale price, is %s. 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 County, Minnesota?
The median gross rent in Winona County, Minnesota is $865 per month, lower than the Minnesota average of $1,234.
What was the median gross rent in Winona County in 2020?
In 2020, the median gross rent in Winona County, Minnesota was $693 per month.
What is the price-to-rent ratio in Winona County, Minnesota?
The price-to-rent ratio in Winona County, Minnesota is about 7.5, meaning it would take roughly 7.5 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 County.
Are home prices or rent rising faster in Winona County, Minnesota?
Home prices and rent are moving in opposite directions in Winona County: home prices fell about 4.0% a year while rent rose about 4.7% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Winona County, Minnesota?
64.1% of households in Winona County, Minnesota own their home, lower than the Minnesota average of 65.6%.
What is the vacancy rate in Winona County, Minnesota?
The housing vacancy rate in Winona County, Minnesota is 6.8%, lower than the Minnesota average of 9.4%.