Real Estate Investing in Winona, Minnesota

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

2 ZIP codes • Population: 35,151 • Winona County

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Should you buy in Winona, MN? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (71/100)

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Winona, MN?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

6.4% 5yr CAGR

3.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $301,654
Avg Monthly Rent $1,022
ZIP Codes 2

Investing in Winona Real Estate

Winona (Minnesota) spans 2 ZIPs and roughly a sizable population. decisively the fundamentals here skew distressed, with soft rents, soft appreciation, and structural headwinds worth respecting.

Investors considering Winona, MN should understand what the ★★★☆☆ rating represents — a market with material structural headwinds, not a temporary rough patch.

Rents in Winona at $1,022/mo have struggled to keep pace with cost increases, and vacancy has risen in pockets — a dynamic that compresses realized returns well below headline cap rates.

Population dynamics in Winona haven't been supportive. a harder case for combined with thin income growth, the demographic backdrop complicates any purely financial underwriting.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Winona, MN

Winona is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

Real numbers from people who own or manage rentals in Winona, MN. Anonymous, moderated, never written by AI.

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Avg Home Value
$301,654
Avg Monthly Rent
$1,022
1% Rule
✗ Below
Landlord Friendly (MN)

📉 Market Crash Risk Index

Based on Winona, MN metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
30%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Winona, MN metro
0
Days to pending
7.4%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

🎓 Colleges & Universities in Winona

3 Colleges 11,909 Students 1,419 Off-Campus Renters
B
Winona State University
4-Year Public · 6,058 students
📍 ~315 students rent off-campus
C
Saint Mary's University of Minnesota
4-Year Private · 3,831 students
C
Minnesota State College Southeast
2-Year Public · 2,020 students
📍 ~1,104 students rent off-campus

Investor Insight: With 1,419 students living off-campus, Winona has substantial rental demand from the college population — typically stable, lease-renewing tenants.

ZIP Codes in Winona, MN

Screen every ZIP in Winona

Filter Winona’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Winona, MN

What kind of tenants rent in Winona, MN?

Winona, MN offers a stable renter base at the $1,022/mo rent level. Tenant turnover is reasonable for well-managed properties.

What is the investability score for Winona, MN?

Yes - Winona, MN a 3.0/5 investability score. With $302K home prices against $1,022/mo monthly rent, the market delivers a reasonable entry point for new investors.

Do landlords face vacancy issues in Winona, MN?

Expect elevated vacancy in Winona, MN. Rents at $1,022/mo are absorbed by the tenant base without meaningful lag.

Is Winona, MN a friendly market for rental owners?

Winona, MN falls under MN landlord-tenant law, which is balanced. That backdrop makes day-to-day property management reasonable.

What is the median home value in Winona, MN?

Expect median prices around $302K in Winona, MN. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.

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