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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Winona, MN Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Winona, MN Housing Market Trends

With a population of 25,842, 10,902 total housing units (homes and apartments), and a median house value of $237,085, house prices in Winona are solidly below the national average.

Single-family detached homes are the single most common housing type in Winona, accounting for 57.29% of the city's housing units. Other types of housing that are prevalent in Winona include large apartment complexes or high rise apartments ( 22.82%), duplexes, homes converted to apartments or other small apartment buildings ( 15.88%), and a few row houses and other attached homes ( 3.77%).

People in Winona primarily live in small (one, two or no bedroom) single-family detached homes. Winona has a mixture of owner-occupied and renter-occupied housing.

The housing in Winona was primarily built before 1939 ( 36.63%), making the housing stock in Winona some of the oldest overall in America, although there is a range of ages of homes in Winona. The next most important housing age is between 1970-1999 ( 26.79%), followed by between 1940-1969 ( 26.42%). There's also some housing in Winona built between 2000 and later ( 10.16%).

Winona Home Appreciation Rates

Winona's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Winona during the period has been just 5.25%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Winona's appreciation rate, at 5.70%, has been at or slightly above the national average. In the latest quarter, Winona's appreciation rate has been 4.64%, which annualizes to a rate of 19.89%.

Importantly, NeighborhoodScout’s exclusive research found that Winona's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Minnesota, our data show that Winona's latest annual appreciation rate is higher than 80% of the other cities and towns in Minnesota.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Winona differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Winona - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Winona real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$237,085

Winona, MN Home Prices
> $1,344,000
$1,008,001 - $1,344,000
$672,001 - $1,008,000
$538,001 - $672,000
$403,001 - $538,000
$269,001 - $403,000
$135,001 - $269,000
$67,001 - $135,000
$0 - $67,000
1.0%
1.0%
0.6%
0.6%
1.8%
1.8%
4.1%
4.1%
5.2%
5.2%
30.3%
30.3%
46.5%
46.5%
7.9%
7.9%
2.6%
2.6%
0% 100.0%
% of Homes
Low

for Minnesota

Average

for nation

Number of Homes And Apartments:

10,902

Winona Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,308 / per month

Homeownership Rate

Owners
Renters
50.6%
50.6%
49.4%
49.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.6%
5.6%
94.4%
94.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.2%
10.2%
26.8%
26.8%
26.4%
26.4%
36.6%
36.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
57.3%
57.3%
3.8%
3.8%
15.9%
15.9%
22.8%
22.8%
0.2%
0.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
5.3%
5.3%
17.0%
17.0%
28.0%
28.0%
30.0%
30.0%
15.9%
15.9%
3.7%
3.7%
0% 100.0%
% of Homes