The story of this market
The typical home in ZIP 65588 sells for about $155,500, or $766 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 180 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $258 a month.
ZIP 65588 — Winona
The housing market in ZIP 65588 is characterized by high affordability and low turnover, with a median home value significantly below the national average. The area maintains a stable, aging population with a strong preference for homeownership. Market activity remains quiet, driven by local economic conditions rather than speculative investment.
This ZIP is best suited for retirees and long-term residents seeking an affordable, rural lifestyle in the Ozarks, as the area has a significantly higher median age and lower cost of living compared to national averages.
Median prices moved up 2.5% year over year.
Homes spend a median of 180 days on market with 4.0 months of supply — a slower-moving market.
15% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.2% · poverty 13.3% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 65588, Shannon County MO
The area is served by the Winona R-III School District, which provides local public education for the community.
The region experiences approximately 50.5 inches of annual precipitation with low to no average snowfall, and is generally considered a low-risk area for major natural disasters.
The local economy is primarily driven by manufacturing, retail trade, and healthcare sectors, with limited large-scale infrastructure development reported.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Missouri) — Occupancy Law Property Tax Proration: Allows for the assessment and taxation of newly constructed residential property starting the first month following occupancy, and pro rata removal from tax rolls for improvements destroyed by natural disaster. State (Missouri) — Residential Property Tax Assessment: Residential property is assessed at 19% of its true market value. The formula is: (Market Value * 0.19) * Local Tax Rate = Annual Tax Liability.
The mean commute time is approximately 180 minutes, reflecting the rural nature of the area and the distance to major employment hubs.
The area offers access to outdoor recreation within the Ozark region, including proximity to national forest lands and local parks suitable for hiking and nature observation.
The rental market is characterized by very low median rents and limited inventory, with a high owner-occupancy rate of 84.2%.
The economy is anchored by manufacturing, retail, and healthcare, with a significant portion of the population receiving Social Security benefits.
Transportation is primarily reliant on personal vehicles due to the rural geography and lack of public transit infrastructure.
No major large-scale commercial or residential developments are currently reported for this ZIP.
The Shannon County Assessor manages property valuations for tax purposes.
Parcels are subject to local school district taxes and county-level assessments.
Property insurance premiums are generally stable, reflecting the low-hazard environment of the rural Ozarks.
Data retrieved from US5.com and Census Bureau ZCTA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
Provides extensive river access and outdoor recreation nearby.
Local community green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.