Winona’s housing market is experiencing notable changes, with shifts in home prices, rental rates, and development projects shaping the local landscape.
Home Prices and Sales Trends
Recent data indicates a rise in home values. As of April 2026, the average home value in Winona reached $256,640, marking a 3.5% increase over the past year. Homes are going pending in approximately 11 days, reflecting a competitive market. In March 2026, the median sale price was $249,450, up 5.9% from the previous year, with homes selling after an average of 14 days on the market.
Rental Market Dynamics
The rental sector is also experiencing shifts. The median rent in Winona stands at $1,380 per month, a 26.95% increase year-over-year. This significant rise underscores a strong demand for rental properties, potentially influenced by limited inventory and a growing population.
Development and Housing Initiatives
To address housing needs, the City of Winona’s Housing and Community Development Division is actively involved in several programs aimed at assisting low to moderate-income homeowners and improving the aging housing stock. These initiatives include emergency loan programs and housing rehabilitation loans, all designed to promote decent and affordable housing.
Additionally, the Winona Housing & Redevelopment Authority manages affordable housing options such as Belleview East, Maplewood Townhomes, Valley View Tower, and Schaffner Homes, providing essential services to the community.
Conclusion
Winona’s housing market is characterized by rising home values, increasing rental rates, and proactive development efforts. Prospective buyers and renters should stay informed about these trends to make well-informed decisions in this evolving market.