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ZIP Code · MN

ZIP 55987

Part of Winona, MN
Pop. 34,072·Winona County·118th most expensive ZIP in Minnesota
Median rent (all units)
$1,182/mo
Year-over-Year
+10.7%
Month-over-Month
-4.1%
vs US Median
-$769
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 55987 · $1,182
More affordable than 92% of US ZIP codes · National median $1,951/mo
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Medians by bedroom

Rent by unit size

Studio
$790
1 BR
$860
2 BR
$1,060
3 BR
$1,330
4 BR+
$1,530
Research median
$1,060/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: June 22, 2026

Annual cost
$14,184/yr
At $1,182/mo median
Location
CityWinona
StateMN
CountyWinona County
Demographics

Who lives here

ZIP 55987 (Winona, MN) is majority owner-occupied, skews toward younger working-age adults, has a median income below the national average, 35.7% of residents hold a bachelor's degree or higher.

Population
34,072
Median income
$61,624
Median age
34.7
Renters
36.1%
Age distribution
14.7%
35.6%
19.1%
19.3%
Under 1814.7%
18–3435.6%
35–5419.1%
55–6411.3%
65+19.3%
Gender
48.8%
51.2%
Male48.8%
Female51.2%
Race & ethnicity
89.1%
White89.1%
Black2.8%
Hispanic3.9%
Asian1.8%
Other2.5%
Education (25+)
26.1%
33%
35.7%
No HS diploma5.1%
HS diploma26.1%
Some college33%
Bachelor's+35.7%
Housing tenure
63.9%
36.1%
Owner63.9%
Renter36.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 55987 in Winona, MN has changed in 5 years

Income
$53,496 → $61,624
up 15.2%
Population
34,133 → 34,072
down 0.2%
Renter share
35.9% → 36.1%
+0.2 pts
Bachelor's+
33.6% → 35.7%
+2.1 pts
Median age
33.1 → 34.7
+1.6 yrs

Census figures show median household income at $61,624 today, compared with $53,496 five years earlier. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 33.6% to 35.7%.

Community

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Local insights

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About renting in ZIP 55987

Last updated: June 22, 2026

ZIP code 55987 covers Winona, MN. The median rent here is $1,182/mo as of June 2026. A 1-bedroom rents for a median of $860/mo. A 2-bedroom rents for a median of $1,060/mo.

At 23% of local median household income ($61,624/yr), ZIP 55987 ranks as affordable compared to the national benchmark of 30%. Rents have increased 10.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 55987?

As of June 22, 2026, the median monthly rent in ZIP 55987 (Winona, MN) is $1,182. This is based on aggregated data from public sources and community submissions.

How does ZIP 55987 rent compare to the US average?

ZIP 55987's median rent of $1,182/mo is $769 (39%) below the US national median of $1,951/mo.

How does ZIP 55987 compare to other ZIPs in Minnesota?

ZIP 55987 is among the more affordable ZIP codes in Minnesota, ranking #118 out of 122 ZIPs at $1,182/mo.

How much income do you need to rent in ZIP 55987?

To keep rent at or below 30% of gross income, you would need to earn at least $47,000/year (~$23/hour full-time) to afford the median rent of $1,182/mo in ZIP 55987. The local median household income is $61,624/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 55987?

Rent in ZIP 55987 has increased 10.7% over the past year as of June 22, 2026, putting upward pressure on renter budgets.

Is ZIP 55987 an affordable place to rent?

ZIP 55987 is considered very affordable for renters. At $1,182/mo, rent takes approximately 23% of the local median household income ($61,624/yr). The standard benchmark is 30%. ZIP 55987 falls comfortably within that range.

What percentage of ZIP 55987 residents rent vs. own?

According to Census data, approximately 36.1% of ZIP 55987 households are renters, while 63.9% are owner-occupied. ZIP 55987 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 55987 compare to the rest of Winona?

ZIP 55987 sits right at the Winona citywide median of $1,182/mo.

When was rent data for ZIP 55987 last updated?

Rent data for ZIP 55987 reflects June 22, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,182/mo, rent takes ~23% of ZIP 55987's median household income ($61,624/yr). The standard benchmark is 30%.

ZIP 55987 23%Benchmark 30%
State income tax5.35–9.85%
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Schools nearby

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