Winona housing market

Neutral marketWinona, MN metro areaData through Sep 2026
Typical home value
$283K
▲ 3.9% 1 yr
Typical rent
$1,093/mo
▲ 7.1% 1 yr
12-month forecast
+4.5%
#34 of 546 metros
Gross rent yield
4.6%
#459 of 546 · U.S. 6.3%
Days to pending
30 days
1 yr
Listings with a price cut
25%
▼ −3.2 pts 1 yr

Key takeaways

  • 1The typical home is worth $282,829, up 3.9% in a year and up 31% over five years.
  • 2Zillow forecasts home values rising 4.5% over the next 12 months (U.S.: +1.1%).
  • 3Typical rent is $1,093/mo (+7.1% YoY), a 4.6% gross yield, below the U.S. 6.3%.
  • 4At 7.32% with 20% down, the typical home costs $1,554/mo in principal and interest, $461 more than renting.
  • 5Homes go under contract in 30 days; 25% of listings have had a price cut.
Market temperature
Neutral market
Buyer'sNeutralSeller's

Zillow Market Heat Index: 53/100, #105 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.

Home values and rent

Typical home value
Latest $283K
$171K$205K$240K$275K2016201920222025
Typical monthly rent
Latest $1,093
$843$940$1,038$1,13520222023202420252026

How fast homes are selling

Days to go under contract
Latest 30
253238452026
Share of listings with a price cut
Latest 25.4%
12.6%18.1%23.5%29.0%20182020202220242026
Homes for sale vs new listings
Latest 139
For saleNew listings
3210116923820182020202220242026
Share of homes sold above list price
Latest 42.9%
31.2%38.4%45.7%52.9%2026

Source: Zillow Research (ZHVI, ZORI and market activity data).

How Winona compares

MeasureWinonaUnited StatesRank of 546
Home value, 1-yr change+3.9%+1.2%#126
Home value, 5-yr change+31.4%+19.7%
12-month forecast+4.5%+1.1%#34
Rent, 1-yr change+7.1%+2.7%#48
Gross rent yield4.6%6.3%#459
Price-to-rent ratio21.615.8
Mortgage P&I on typical home$1,554$2,012
Days to pending3056

Run the numbers

Other Minnesota metros

Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.