Winona’s housing landscape is experiencing notable shifts, reflecting broader trends in the real estate market. For residents and potential homebuyers, understanding these changes is crucial for making informed decisions.
Current Housing Market Trends
As of April 2026, the median listing price for homes in Winona stands at $248,950, marking a 9.43% increase from the previous year. The median sold price has risen by 11.46% to $262,500. Homes are selling more quickly, with the median days on the market decreasing by 12.90% to 27 days. This indicates a competitive market with strong buyer interest.
Rental Market Dynamics
The rental sector has also seen significant changes. The median rent in Winona is now $1,380 per month, reflecting a 26.95% year-over-year increase. This surge underscores a growing demand for rental properties, potentially driven by factors such as population growth and limited housing inventory.
Affordable Housing Initiatives
To address housing affordability, local organizations are actively developing new projects. Habitat for Humanity Winona County is leading the South Fork Development in St. Charles, comprising 11 units, including single-family homes and twin homes. These residences are designed for families earning between 30% and 75% of the Area Median Income (AMI). Additionally, a single-family home at 1050 E 9th Street in Winona is underway, targeting families within the 30% to 80% AMI range.
Public Housing Availability
The Winona Housing & Redevelopment Authority manages several public housing developments, including Schaffner Homes and Maplewood Townhomes. Both properties have open waitlists for eligible applicants, offering accessible housing options for residents in need.
Conclusion
Winona’s housing market is dynamic, with rising prices and increased demand in both the buying and rental sectors. However, ongoing development projects and public housing initiatives aim to provide affordable options for the community. Staying informed about these trends and opportunities is essential for residents navigating the local housing landscape.