ZIP Code · MN

ZIP 55987

Part of Winona, MN

Pop. 34,072·Winona County·121st most expensive ZIP in Minnesota

Median rent (all units)

$1,021/mo

Year-over-Year

-11.1%

Month-over-Month

-12.8%

vs US Median

-$927

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 55987 · $1,021

More affordable than 97% of US ZIP codes · National median $1,948/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: September 25, 2026

From the history

What the numbers show

Past year vs. the rest of Minnesota

Rent in ZIP 55987 changed -11.1% over the year to August 2026. Across the 101 Minnesota ZIP codes Zillow tracks, the typical change was +3.5%.

Recent direction

Rent has fallen 4 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($61,624) is $1,541 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,530).

From Zillow's monthly rent index (ZORI) for ZIP 55987. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$12,252/yr

At $1,021/mo median

Location

CityWinona

StateMN

CountyWinona County

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 11.1% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (-11.1% YoY, -12.8% MoM), not inventory.

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

Tips for renters in ZIP 55987

About renting in ZIP 55987

Last updated: September 25, 2026

ZIP code 55987 covers Winona, MN. The median rent here is $1,021/mo as of September 2026. A 1-bedroom rents for a median of $860/mo. A 2-bedroom rents for a median of $1,060/mo.

At 20% of local median household income ($61,624/yr), ZIP 55987 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 11.1% over the past year.

FAQ

Frequently asked questions

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 $41,000/year (about $20/hour full-time) to afford the median rent of $1,021/mo in ZIP 55987. The local median household income is $61,624/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 55987?

Rent in ZIP 55987 has fallen 11.1% over the past year.

How does ZIP 55987 compare to other ZIPs in Minnesota?

ZIP 55987 is one of the more affordable among Minnesota ZIP codes for rent, ranking #121 of 123 at $1,021/mo. Over the year to August 2026, rent in ZIP 55987 changed -11.1%, against a typical +3.5% across the 101 Minnesota ZIP codes Zillow tracks.