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These days, finding an affordable place to live in the Winona Lake area can be challenging. Home prices in Winona Lake are now at a median cost of $253,247, higher than the Indiana average of $232,932.
The average cost of rent is $1,069/mo in Winona Lake, primarily driven by the current value of real estate in the Winona Lake area. In Winona Lake, 34.59% of households rent, and 26.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Winona Lake is $8,059 per month. Households that rent pay about 13.27% of their income on rent here. Winona Lake’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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- Bagdad, FL: equally priced homes
- Alexandria, AL: less expensive homes
- Auburn, PA: equally priced homes
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