Winona, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Winona, MN Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Winona Housing Market Information

With 27,094 people, 10,350 houses or apartments, and a median cost of homes of $173,999, Winona real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Winona, accounting for 61.97% of the city's housing units. Other types of housing that are prevalent in Winona include large apartment complexes or high rise apartments ( 21.17%), duplexes, homes converted to apartments or other small apartment buildings ( 13.96%), and a few row houses and other attached homes ( 2.62%).

People in Winona primarily live in small (one, two or no bedroom) single-family detached homes. Winona has a mixture of owner-occupied and renter-occupied housing.

The housing in Winona was primarily built before 1939 ( 40.59%), making the housing stock in Winona some of the oldest overall in America, although there is a range of ages of homes in Winona. The next most important housing age is between 1970-1999 ( 27.68%), followed by between 1940-1969 ( 25.24%). There's also some housing in Winona built between 2000 and later ( 6.49%).

Winona Home Appreciation Rates

Real estate appreciation rates in Winona's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.54% during the period.

Over the last year, Winona appreciation rates have trailed the rest of the nation. In the last twelve months, Winona's appreciation rate has been 1.56%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Winona were at -0.47%, which equates to an annual appreciation rate of -1.86%.

Relative to Minnesota, our data show that Winona's latest annual appreciation rate is lower than 90% of the other cities and towns in Minnesota.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Winona differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Winona - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Winona real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$173,999

Winona, MN HOME PRICES

Value Range
> $1,060,000 0.1
$794,001 - $1,060,000 0.3
$530,001 - $794,000 1.6
$424,001 - $530,000 0.5
$318,001 - $424,000 5.2
$212,001 - $318,000 16.3
$106,001 - $212,000 51.1
$53,001 - $106,000 19.9
$0 - $53,000 4.9

Average for MN
Average for Nation

Value Relative to Nation Value Relative to State
40.2671979374194 53.7987679671458

Number Of Homes And Apartments:
10,350

Winona Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
24.72% 1.29% 2 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$753 / per month

Homeownership Rate

Homeownership
Owners 52.21
Renters 47.79
Vacant 9.44

Housing Market Details

 

Age of Homes

AGE OF Winona HOMES
2000 or Newer 6.5
1970 - 1999 27.7
1940 - 1969 25.2
1939 or Older 40.6

Types of Homes

TYPE OF Winona HOMES
Single-Family 62.0
Townhomes 2.6
Small Apt. Buildings 14.0
Apt. Complexes 21.2
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Winona HOMES
No Bedroom 4.25
1 Bedroom 16.90
2 Bedrooms 28.94
3 Bedrooms 28.82
4 Bedrooms 15.92
5 or more bedrooms 5.17