Location: Winona County, MN | Metro: Winona County, MN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
U.S. Census Bureau data (2024)
36.1% of residents in Winona, MN (ZIP 55987) are renters, indicating a significant portion of the population relies on rental housing. The $1,060 Fair Market Rent (FMR) set for the metro area in fiscal year 2026 reflects the government's benchmark for rental costs, which is notably lower than the $1,246 market rent (ZORI) observed in the area. This difference suggests that landlords can potentially charge above the FMR without significantly deterring tenants. With a median home value of $248,615, property values in Winona are relatively stable, providing a solid foundation for investment. The median income of $61,624 supports the local economy and indicates that many residents can afford the higher rents. A 16-day Days on Market (DOM) average signals that properties are typically rented quickly, reducing idle periods and increasing cash flow efficiency. The 0.1% price-cut share reveals that very few landlords need to reduce their asking prices to attract tenants, further underscoring the demand for rental properties. In conclusion, the data paints a picture of a robust rental market in Winona, MN, where landlords can confidently set rents above the FMR and expect quick tenancy. The Section 8 verdict: Winona, MN is a strong candidate for Section 8 investments, with high tenant demand and low competition.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.