Market Overview
Home Prices in Winona, MN
The median home value in Winona, MN is $264,050 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.3% compared to a year ago and up 4.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Winona are priced36% below average. Winona is part of the Winona, MN metro area.
Over the past five years, Winona home values have risen by approximately31.5%, reflecting strong long-term appreciation in this market.
Price History
Winona Home Price Trend
City Comparison
Winona vs. National Median
At $264,050, homes in Winona cost 36% below the national median of $410,000. This makes Winona a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Winona?
20% Down Payment
$52,810
on $264,050
Monthly P&I
$1,377/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,749/mo
incl. taxes & insurance
Income Needed
$69,960
gross annual (30% rule)
10% Down Option
$26,405
+ PMI applies
Loan Amount (20% dn)
$211,240
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, MN?
The median home value in Winona is $264,050 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.3% year-over-year.
How much have home prices changed in Winona?
Over the past year, home values in Winona have increased by 3.3%. Over five years, prices have risen approximately 31.5%.
How much do I need to earn to buy a home in Winona?
To comfortably afford the median home price of $264,050 with a 20% down payment ($52,810) at today's rates (6.8%), you'd need a gross annual income of approximately $69,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Winona compare to the national average home price?
The national median home value is approximately $410,000. At $264,050, homes in Winona are 36% below the national average.
What metro area is Winona part of?
Winona is part of the Winona, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.