The story of this market
The typical home in ZIP 55987 sells for about $308,000, or $211 per square foot.
Prices are up +2.6% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $899 a month.
ZIP 55987 — Winona
The housing market in ZIP 55987 shows steady growth with a median sale price of $308,000, supported by consistent buyer demand. While inventory remains relatively tight, the market is experiencing moderate year-over-year price appreciation. Local economic stability, driven by education and healthcare, continues to underpin the regional real estate environment.
This ZIP is well-suited for families, students, and professionals seeking a balance of historic charm, outdoor amenities, and a stable, community-focused environment.
Median prices moved up 2.6% year over year.
Homes spend a median of 45 days on market with 3.5 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.6% · poverty 18.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 55987, Winona County MN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Winona area are generally lower than the national average, with property crime being the most frequently reported incident type.
The area is served by Winona Area Public Schools, which generally maintain stable performance ratings and offer a variety of academic and extracurricular programs.
The region faces moderate risks related to seasonal flooding from the Mississippi River and occasional severe weather events, including high winds.
Economic momentum is driven by the education sector, healthcare, and manufacturing, with ongoing efforts to revitalize the historic downtown and riverfront areas.
Property taxes are assessed at the county level based on market value, with rates influenced by local school district levies and municipal service requirements.
Commuting is primarily car-dependent, with residents utilizing local highways to access employment hubs in Winona and surrounding regional centers.
The area offers extensive outdoor recreation including access to the Mississippi River, local parks, hiking trails, and proximity to regional golf courses.
The rental market is characterized by steady demand driven by the local student population and workforce, with moderate vacancy pressure.
The economy is anchored by higher education institutions, regional healthcare providers, and a diverse manufacturing base.
Transportation is primarily facilitated by regional highway corridors, with limited public transit options available within the city limits.
Development efforts are currently focused on enhancing riverfront accessibility and expanding local housing inventory.
The Winona County Assessor's office manages property valuations, conducting regular assessments to ensure equitable tax distribution.
Parcels are subject to standard municipal, county, and school district tax levies, with no major special assessment districts reported.
Property insurance premiums are influenced by regional weather patterns, including flood and wind risk factors.
Data retrieved from data.census.gov for ZCTA 55987.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Provides significant recreational opportunities including boating and fishing.
Offers scenic overlooks and hiking trails overlooking the river valley.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.