Español

Este sitio también está en español. Leer en español

City · 5,080 residents · Kosciusko County, Indiana

Winona Lake , Indiana

In Winona Lake, a typical home is worth $274,500 and typical rent is $1,132 a month. Compared with all of Kosciusko County, the typical home value is 27% higher, typical household income is 9% higher, and the share of households that own their home is 15 points lower.

WhatsApp

  • Typical home value

    $274,500

    27% above the county

    26% above Indiana

    • Winona Lake
    • Kosciusko
    • Indiana

  • Typical rent

    $1,132a month

    9% above the county

    7% above Indiana

    • Winona Lake
    • Kosciusko
    • Indiana

  • Typical household income

    $82,188a year

    9% above the county

    14% above Indiana

    • Winona Lake
    • Kosciusko
    • Indiana

  • Households that own their home

    62%

    15 points below the county

    9 points below Indiana

    • Winona Lake
    • Kosciusko
    • Indiana

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$307,080
5.3% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Winona Lake is in Kosciusko County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Kosciusko County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Winona Lake apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Rochester, the typical home value is $137,400: 50% less than in Winona Lake ($274,500).

  2. 62% of households in Winona Lake own their home, against 77% in Kosciusko County.

  3. Nearby, in Nappanee, the typical rent is $856: 24% less than in Winona Lake ($1,132).

  4. The typical home in Winona Lake is worth $274,500, 27% more than in Kosciusko County as a whole ($216,000).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Winona Lake

What homes there are in Winona Lake, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is the most common home in Winona Lake: 73% of homes, near the figure in Kosciusko County (76%).

Year built

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,476 a month

Kosciusko County: $1,316 a month

Without a mortgage

$681 a month

Kosciusko County: $484 a month

Owners with a mortgage

71%

Kosciusko County: 62%

Owning costs more in Winona Lake: with a mortgage, the typical cost is $1,476 a month; in Kosciusko County, $1,316. Without one, $681.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Winona Lake rose 61%; in Kosciusko County, it rose 44%.

Since 2015–2019, the typical rent in Winona Lake rose 26%, less than in Kosciusko County (32%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureWinona LakeKosciusko CountyIndianaUnited States
Rental vacancy Unreliable estimate6.2%5.6%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimate2.0%1.8%3.4%
People per household 2.302.472.462.53
Drive alone 75%76%76%69%
Carpool Unreliable estimate11%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike 11%4%2%3%
Work from home 9%9%11%15%
Other means Unreliable estimate1%1%2%
Typical commute 10 to 19 minutes10 to 19 minutes20 to 29 minutes20 to 29 minutes

On average, a household in Winona Lake has 2.30 people, fewer than in Kosciusko County (2.47).

Many here get to work on foot or by bike: 11%, more than in Kosciusko County (4%).

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Winona Lake?

A typical home is tight for the typical income

We start with a typical home in Winona Lake, worth $274,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 32% of the typical household income in Winona Lake, which is $82,188 a year. For that payment to be 28% of income, a household would need to earn about $94,631 a year.

The calculator's FHA and conventional loan limits are those of all of Kosciusko County.

Your numbers

Local data
$

Starts at the typical home value in Winona Lake. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $9,608 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,208

at 7.18% · 30 years

Loan amount
$269,528
Total interest
$387,787
Paid off in
November 2056

Includes $4,636 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,918 a month

  • Tight

    $1,918 to $2,466 a month

    Your payment · 32%

  • Hard

    more than $2,466 a month

Compared with the typical household income in Winona Lake ($82,188 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,208
Principal & interest$1,826
Property tax$146
Home insurance$114
FHA mortgage insurance (MIP)$121

You need at least $9,608 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Winona Lake and Kosciusko County

Winona Lake is in Kosciusko County, Indiana. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Winona Lake's own numbers

Typical home value
$274,500
Typical monthly rent
$1,132
Typical yearly household income
$82,188
Households that own their home
62%
Effective property tax rate
0.64%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Kosciusko County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,162
Price change over 5 years (FHFA)
+52%
Homes in a high flood-risk zone
5%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Kosciusko County.

Everything about Kosciusko County

Buying

Buying a home in Winona Lake

A typical home in Winona Lake is worth $274,500: 27% above the county and 26% above Indiana. With the typical household income in Winona Lake ($82,188 a year), a typical home costs 3.3 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Winona Lake 3.3 years
  • Kosciusko 2.9 years
  • Indiana 3.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Kosciusko County

According to FHFA’s house price index, home prices in Kosciusko County rose 90% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Kosciusko County.

Period County Indiana U.S.
Last year (2025) +4.6% +4.3% +2.9%
5 years (2020–2025) +52% +53% +47%
10 years (2015–2025) +90% +95% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Winona Lake next to Kosciusko County, Indiana and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Winona Lake $274,500
  • Kosciusko $216,000
  • Indiana $218,200
  • United States $332,700
Typical monthly rent
  • Winona Lake $1,132
  • Kosciusko $1,043
  • Indiana $1,062
  • United States $1,413
Typical yearly household income
  • Winona Lake $82,188
  • Kosciusko $75,317
  • Indiana $71,957
  • United States $80,734
See the full table
Winona Lake next to Kosciusko County and Indiana
Measure Winona Lake Kosciusko County Indiana U.S.
Typical home value $274,500 $216,000 $218,200 $332,700
Typical monthly rent $1,132 $1,043 $1,062 $1,413
Typical yearly household income $82,188 $75,317 $71,957 $80,734
Households that own their home 62% 77% 71% 65%
Typical yearly property tax $1,763 $1,303 $1,614 $3,119
Effective property tax rate 0.64% 0.6% 0.74% 0.94%
Renters with high rent for their income 52% 46% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Kosciusko County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Winona Lake

For a typical $274,500 home in Winona Lake, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Winona Lake's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,208a month

    Least cash to close
    Down payment
    $9,608
    Cash to close
    $17,843
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $121

  • Conventional, 5% down $2,158a month

    Down payment
    $13,725
    Cash to close
    $21,960
    Rate
    7.18%
    Mortgage insurance
    PMI · $130

  • Conventional, 20% down, no PMI $1,748a month

    Down payment
    $54,900
    Cash to close
    $63,135
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,002a month

    Down payment
    $41,175
    Cash to close
    $49,410
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Winona Lake and for Kosciusko County.

Property tax

Effective rate in Winona Lake

0.64%of the home’s value each year

$1,763 a year for the typical owner in Winona Lake.

  • Winona Lake 0.64%
  • Kosciusko 0.6%
  • Indiana 0.74%

What Indiana publishes Homestead standard deduction: the amount drops each year (Indiana Department of Local Government Finance (DLGF), Form HC10)

Exemptions and deadlines in Indiana

Flood risk in Kosciusko County

FEMA does not publish these numbers by city: they are for all of Kosciusko County.

Homes in the high-risk zone
5%
1,953
Of those, with NFIP insurance
21%
County Indiana U.S.
Homes in the high-risk zone 5% 2.3% 3.5%
Of those, with NFIP insurance 21% 17% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Winona Lake

Typical rent in Winona Lake is $1,132 a month: 9% above the county. In Winona Lake, 52% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Kosciusko County, by unit size. To pay the 2-bedroom one ($1,162 a month) without spending more than 30% of your income, you would need to earn $22.35 an hour working full time.

HUD fair market rent for all of Kosciusko County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $882 $16.96 $35,280
1 bedroom $888 $17.08 $35,520
2 bedrooms $1,162 $22.35 $46,480
3 bedrooms $1,410 $27.12 $56,400
4 bedrooms $1,527 $29.37 $61,080

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Winona Lake

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Winona Lake is in ZIP code 46590.

For 2 bedrooms it is $1,230: $68 more than the fair market rent for Kosciusko County ($1,162).

  • 46590 $1,230$1,490

A ZIP code counts for Winona Lake when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Winona Lake

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Kosciusko County. The nearest ones are below; many serve by phone or online.

A young woman and a young man point to a line in their notes beside a laptop in a library.

HUD counseling is free or low-cost

Assistance programs in Winona Lake

No down payment, repair or rent-help program on our list is for Winona Lake or Kosciusko County. The ones below are statewide in Indiana: they work in Winona Lake the same as in the rest of the state.

Which programs do I qualify for? All programs in Indiana

  • Next Home

    Statewide in Indiana

    Indiana state agency program with down payment assistance of 2.5% or 3.5% of the price, alongside a 30-year FHA or conventional mortgage. Offered by Indiana Housing and Community Development Authority (IHCDA).

    Type not stated

    See the program Official page

  • First Step

    Statewide in Indiana

    Indiana state agency 30-year FHA or conventional mortgage for first-time buyers (or homes in designated areas), with down payment assistance as a second mortgage with no interest or payments, repaid when the first mortgage ends. Offered by Indiana Housing and Community Development Authority (IHCDA).

    Deferred

    See the program Official page

Housing counselors near Winona Lake

The HUD-approved agencies closest to the center of Winona Lake, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Lacasa of Goshen, Inc.

    202 N Cottage Ave, Goshen · 26 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    574-533-4450x72

  • Lacasa of Goshen Inc - Branch Office

    516 S Main St, Elkhart · 33 miles away · Spanish

    • Budget and financial counseling
    • Budget and credit workshops
    • and 3 more
    (574) 533-4450

  • The Affordable Housing Corporation of Marion, Indiana

    812 S Washington St, Marion · 47 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 8 more
    (765) 662-1574

All counseling agencies in Indiana

Help in Spanish near Winona Lake

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Winona Lake

In HUD’s record, no housing authority with an office in Kosciusko County is named for Winona Lake or Kosciusko County.

One other authority has an office in Kosciusko County: see the list Source: HUD

Cities

Other cities in Kosciusko County

These cities are also in Kosciusko County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Kosciusko County Housing in Indiana

Nearby cities

The cities closest to Winona Lake, with the typical home value.

Neighboring counties

If Kosciusko County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Winona Lake.

All guides
A mother holds hands with her two daughters on the beach at sunset.

Questions

Housing questions about Winona Lake

Short answers with the numbers for Winona Lake and all of Kosciusko County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Winona Lake?

The typical home value in Winona Lake is $274,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Kosciusko County it is $216,000.

How much does it cost to rent in Winona Lake?

Typical rent in Winona Lake is $1,132 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Kosciusko County is $1,162.

What is the FHA loan limit in Winona Lake?

Winona Lake uses the FHA limit for all of Kosciusko County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Winona Lake?

The typical homeowner in Winona Lake pays $1,763 a year, according to the U.S. Census Bureau. That is 0.64% of the home’s value; in Kosciusko County, the rate is 0.6%.

Where can I find free help to buy or rent in Winona Lake?

We found no HUD-approved counseling agencies with an office in Kosciusko County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).