Market Overview
Home Prices in Winona Lake, IN
The median home value in Winona Lake, IN is $309,665 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.8% compared to a year ago and up 2.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Winona Lake are priced24% below average. Winona Lake is part of the Warsaw, IN metro area.
Over the past five years, Winona Lake home values have risen by approximately27.3%, reflecting strong long-term appreciation in this market.
Price History
Winona Lake Home Price Trend
City Comparison
Winona Lake vs. National Median
At $309,665, homes in Winona Lake cost 24% below the national median of $410,000. This makes Winona Lake a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Winona Lake?
20% Down Payment
$61,933
on $309,665
Monthly P&I
$1,615/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,051/mo
incl. taxes & insurance
Income Needed
$82,040
gross annual (30% rule)
10% Down Option
$30,967
+ PMI applies
Loan Amount (20% dn)
$247,732
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Winona Lake, IN?
The median home value in Winona Lake is $309,665 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.8% year-over-year.
How much have home prices changed in Winona Lake?
Over the past year, home values in Winona Lake have increased by 4.8%. Over five years, prices have risen approximately 27.3%.
How much do I need to earn to buy a home in Winona Lake?
To comfortably afford the median home price of $309,665 with a 20% down payment ($61,933) at today's rates (6.8%), you'd need a gross annual income of approximately $82,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Winona Lake compare to the national average home price?
The national median home value is approximately $410,000. At $309,665, homes in Winona Lake are 24% below the national average.
What metro area is Winona Lake part of?
Winona Lake is part of the Warsaw, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.