38967, Winona, MS

Home equity is the difference between what a homeowner owes on their home and what the home is worth. In Winona, MS, home equity averaged $128,000 in 2016. This means that homeowners had more than 12% of their homes' value left over after paying off their mortgages and other debts.

Winona's median home price was $137,500 in 2016. This means that half of all homes in Winona were valued at more than $137,500, while the other half were valued at less than this amount. Over the past year or so, Winona's median home price has increased by about 5%.

While there are many factors that can affect a house's value (location, size, condition), it is generally agreed that housing prices are strongly correlated with levels of economic activity and inflation. In Winona, MS, unemployment has been relatively low for the past few years (around 3%), while food prices have been on the rise (about 10%). As a result of these trends combined with historically low interest rates (currently around 2%), it seems likely that housing prices will continue to increase in Winona over the next few years.