Winona’s housing market is experiencing notable changes, with shifts in home values, rental rates, and ongoing development projects shaping the local landscape.
Home Values and Market Trends
As of April 2026, the average home value in Winona stands at $256,640, reflecting a 3.5% increase over the past year. Homes are typically going pending in around 11 days, indicating a brisk market. The median sale price is $214,000, with a median list price of $261,667. Approximately 32.6% of sales are closing above the list price, while 56.8% are below, suggesting a competitive environment for buyers and sellers alike.
Rental Market Dynamics
The rental market has also seen significant activity. The average rent in Winona is $1,243 per month, marking a 19.8% increase year-over-year. This rise underscores a strong demand for rental properties, though the average rent remains below the national average of $1,930.
Affordable Housing Initiatives
To address housing affordability, the Winona Housing & Redevelopment Authority (HRA) offers various programs. These include public housing complexes like Belleview East, Maplewood Townhomes, Valley View Tower, and Schaffner Homes, providing options for low-income families, the elderly, and individuals with disabilities. The HRA’s mission is to ensure safe, decent, and affordable housing opportunities as an integral part of the community.
Development Projects
Several development projects are underway to meet the growing housing needs. Habitat for Humanity Winona County is leading initiatives such as the South Fork Development in St. Charles, comprising 11 units for families with 30–75% of the area median income. Additionally, a single-family home project at 1050 E 9th Street in Winona is planned, targeting families within the 30%–80% income bracket.
These developments aim to provide quality housing options and contribute to the overall growth and sustainability of the Winona community.