Mortgage payment estimates, closing cost breakdowns, and homebuying data for Winona, Minnesota.
Pre-filled with Winona median home price and Minnesota tax/insurance rates. Adjust for your property.
Estimated closing costs based on Minnesota rates and fees applied to Winona prices.
The median home price in Winona is $215,000, 36% below the Minnesota state median of $335,000. With a population of 26,232, Winona is a smaller market where home prices tend to be more accessible than in many parts of Minnesota.
Property taxes in Minnesota average 1.12% annually. This moderate property tax rate means a $215,000 home in Winona would carry roughly $201/month in property taxes. Homeowners insurance in Minnesota runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in Winona is $920/month. The price-to-rent ratio in Winona is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Winona offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Minnesota's Minnesota Housing Start Up program.