Mortgage payment estimates, closing cost breakdowns, and homebuying data for Winona, Minnesota.
Median Home Price
$215K
Population
26K
Avg Monthly Rent
$920
Property Tax Rate
1.12% *
* Property tax shown is the Minnesota state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Winona.
Winona vs Minnesota Median
The median home price in Winona is $215,000, which is 36% below the Minnesota state median of $335,000.
Mortgage Calculator — Winona, MN
Pre-filled with Winona median home price and Minnesota tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $215K home using Minnesota's 1.12% tax rate and $2,100/yr insurance.
5% Down
$1,786/mo
Down: $10,750
Loan: $204K
P&I: $1,291
Tax: $201
Insurance: $175
PMI: $119
10% Down
$1,712/mo
Down: $21,500
Loan: $194K
P&I: $1,223
Tax: $201
Insurance: $175
PMI: $113
20% Down (No PMI)
$1,463/mo
Down: $43,000
Loan: $172K
P&I: $1,087
Tax: $201
Insurance: $175
Income needed (28% rule): $63K/year with 20% down, $73K/year with 10% down.
Rent vs Buy in Winona
Rent
$920/mo
vs
Buy (10% down)
$1,712/mo
Price-to-rent ratio: 19.5 — A ratio between 15-20 means the rent vs buy decision in Winona depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
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.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Winona.