Winona, MN Real Estate Market 2026

Investor-grade market analytics for Winona, Minnesota. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.

Median Home Price

$268,486

+4.0% year-over-year

Est. Rental Yield

4.7%

gross annual

12-Month Forecast

-6.1%

base case (Zillow ZHVF)

-6.1% year-over-year

Market Momentum

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Warm
1.4mo supply ยท Score +3/7

Migration: Top 75% nationally

Income Migration

โžก๏ธ Neutral1.00x

In-migrants avg $53,050 AGI vs out-migrants $52,886

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Opportunity Zone Market

1 ZIP codes in Winona are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more โ†’

Winona Market Summary

Winona, MN shows steady growth at 4.0% year-over-year appreciation, reflecting balanced market conditions with moderate demand. Affordability remains favorable with a price-to-income ratio of 3.82x, below the national average of 4.8x. Climate risk remains low (25/100), favorable for long-term investment stability. Rental yield of 4.74% is moderate, offering acceptable cash flow for leveraged investments.

Affordability

Affordability Score88/100
Price-to-Income Ratio3.8x (national avg 4.8x)
Median Household Income$70,198

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case-9.2%
Base Case-6.1%
Bull Case-3.1%

Climate & Natural Hazard Risk

Winona, MN's primary climate exposure is flooding (50/100). The composite climate risk score of 25/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.

Source: FEMA National Risk Index

Get the full Winona dataset

Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.