Total monthly cost of ownership
Cost to Own a Home in Winona, Minnesota
A $194,000 home here costs
$1,651per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $71,000 a year.
A standard mortgage calculator would have told you $1,058. The real number is $593 higher every month, 56% more than the payment most buyers budget for.
Compare Winona County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Winona against Winona County and Minnesota
| Measure | Winona | Winona County |
|---|---|---|
| Median home value | $193,500 | $222,900 |
| Median property tax | $1,876 | $2,099 |
| Effective tax rate | 0.970% | 0.942% |
| Median gross rent | $839 | $866 |
| Population | 25,998 | 49,705 |
The weather behind that power bill
Winona sits in Winona County, which averages a high of 85.4°F in its hottest month and a low of 10.5°F in its coldest, with 35.23" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 942 cooling and 6,788 heating degree days, which is what sets the $122 electricity line above.
See the full climate breakdown for Winona County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Winona County
Full Winona County cost breakdown · Every county in Minnesota
Talk to someone who works this market
These are Winona averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Winona every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Winona I already own here and may sell
Common questions
How much does it cost to own a home in Winona?
A $194,000 home in Winona, Minnesota costs approximately $1,651 per month with 20% down at 7.24%. That is $1,058 principal and interest, $157 property tax, $84 homeowners insurance, $190 utilities and $162 set aside for maintenance.
What is the property tax rate in Winona?
Winona has an effective property tax rate of 0.970%, based on a median home value of $193,500 and median real estate taxes of $1,876. That is higher than the Winona County average of 0.942%.
What is the average home price in Winona?
The median owner-occupied home value in Winona, Minnesota is $193,500, against $222,900 across Winona County.
Is it cheaper to rent or buy in Winona?
Median gross rent in Winona is $839 a month, against $1,651 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Winona?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Winona, Minnesota at today's rate takes a household income of roughly $71,000 a year. That covers the full $1,651 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Winona, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Minnesota.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.