The typical owner-occupied home in Winona is worth about $123,000, 28% below the Mississippi median of $169,800 and 63% below the national median of $332,700. Owners pay a median $1,194 a year in property taxes, about 0.97% of their home's value, higher than the Mississippi rate of 0.72%. The median household earns $31,932 a year, so the median home costs 3.9 times the median income (3.0 times for Mississippi). 62% of occupied homes here are lived in by their owners, and 49% of those owners still have a mortgage.
Winona at a glance
| Winona | Mississippi | U.S. | |
|---|---|---|---|
| Median home value | $123,000 | $169,800 | $332,700 |
| Median property tax paid per year | $1,194 | $1,215 | $3,119 |
| Property tax as a share of value | 0.97% | 0.72% | 0.94% |
| Median household income | $31,932 | $56,447 | $80,734 |
| Homes lived in by their owners | 62% | 70% | 65% |
| Owner homes with a mortgage | 49% | 49% | 61% |
| Median monthly costs, owners with a mortgage | $1,348 | $1,394 | $1,963 |
| Those costs as a share of the owners' income | 22.3% | 19.8% | 21.0% |
| Median rent | $728 | $954 | $1,413 |
| Rent as a share of renters' income | 51.0% | 30.7% | 30.6% |
| Median year homes were built | 1976 | 1986 | 1980 |
| Vacant homes | 26.1% | 14.6% | 10.1% |
| Population | 4,183 | 2,946,779 | 334,922,499 |
What a typical home costs per month in Winona
At this week's average 30-year rate of 7.11%, buying the median Winona home of $123,000 with 20% down costs about $813 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,018, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $34,827 for the 20%-down payment. That payment is 31% of the median Winona household income of $31,932; at that income and 20% down, the 28% guideline points to a home of about $113,000.
The median rent here is $728 a month, so owning the median home costs about $85 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $24,600 |
|---|---|
| Loan amount | $98,400 |
| Principal and interest | $662 |
| Property taxes (0.97% a year) | $99 |
| Homeowners insurance (our estimate, 0.5% a year) | $51 |
| PMI | $0 |
| Total per month | $813 |
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| Down payment | $4,305 |
|---|---|
| Loan amount | $120,772 |
| Principal and interest | $812 |
| Property taxes (0.97% a year) | $99 |
| Homeowners insurance (our estimate, 0.5% a year) | $51 |
| FHA mortgage insurance | $54 |
| Total per month | $1,018 |
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Questions about home buying in Winona
What is the median home value in Winona?
About $123,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Winona?
Homeowners pay a median $1,194 a year, which is about 0.97% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Winona?
For the median home with 20% down at 7.11%, the payment is about $813 a month. Keeping that under 28% of gross income takes about $34,827 a year.
More about Winona
- Mortgage Refinance in Winona
- Debt Relief in Winona
- Home Equity Loans in Winona
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data