Winston-Salem, NC—27104
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Winston-Salem, NC
As of Oct '25, the median home price in Winston-Salem, NC is $363,000, with a year-over-year change of 1.4%. This indicates that home prices in Winston-Salem, NC are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $363,000 | 1.4% |
| Single Family | $397,000 | 2.3% |
| Condos | $165,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $136,000 | 1.5% |
2 Bed | $194,000 | 1.6% |
3 Bed | $322,000 | 0.9% |
4 Bed | $563,000 | 3.7% |
| 5 Bed | $835,000 | 2.7% |
% of Housing Stock
Rental Trends — Winston-Salem, NC
As of July '25, Rentcast reports the average rent in Winston-Salem, NC is $1,550, with a year-over-year rent change of -3.7%. Per bedroom, the median rent as of July '25 in Winston-Salem, NC is 1-bedrooms: $1,010, 2-bedrooms: $1,410, 3-bedrooms: $1,800, 4-bedrooms: $2,850. The most common rental property sizes in Winston-Salem, NC are 2-bedroom and 1-bedroom, accounting for 50.9% and 34.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,550 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $984 | $1,010 |
| 2 Bed Rent | $1,400 | $1,410 |
| 3 Bed Rent | $1,700 | $1,800 |
| 4 Bed Rent | $2,860 | $2,850 |
% of Rental Stock
Property Listings — Winston-Salem, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Winston-Salem, NC is 53. This is a increase of 2.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $414,000 | 25.0% |
Listing Count | 123 | 11.0% |
| Listings as % of Homes | 0.5% | 11.0% |
Days on Market | 53 | 2.0% |
Demographics — Winston-Salem, NC
As of the latest ACS Survey released in 2023, Winston-Salem, NC has a population of 31,200, which has increased by 11.8% over the past 5 years. Winston-Salem, NC is a moderately popular place for families, as children make up 21.5% of the population. The area has a highly educated workforce, with 58.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,200 | 11.8% |
% Under 18 | 21.5% | 10.8% |
% Seniors | 19.2% | -5.9% |
% WFH | 15.0% | 183.0% |
% w/ College Degree | 58.2% | 7.2% |
As of the latest ACS Survey released in 2023, Winston-Salem, NC is a predominantly white area, with 71.2% of the population identifying as white. The white population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Winston-Salem, NC is black, making up 13.1% of the population. Foreign-born residents account for 9.6% of the population in Winston-Salem, NC, and this percentage has increased by 45.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 71.2% | -3.8% |
% Black | 13.1% | -6.4% |
% Hispanic | 8.7% | 50.0% |
% Asian | 3.5% | -10.3% |
% Foreign Born | 9.6% | 45.5% |
Mortgage and Risk — Winston-Salem, NC
According to HUD data as of 2023, there were 641 mortgage originations in Winston-Salem, NC, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Winston-Salem, NC. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 641 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Winston-Salem, NC
As of 2024, the percent of homes in Winston-Salem, NC under the Section 8 program is 4.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Winston-Salem, NC, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 229 |
Total Units Section 8 | 225 |
% Rentals under Section 8 | 4.0% |
% Occupied Section 8 | 88.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $166 | $984 | $1,150 |
| 2 Bedroom | -$50 | $1,400 | $1,350 |
| 3 Bedroom | $70 | $1,700 | $1,770 |
| 4 Bedroom | -$780 | $2,860 | $2,080 |
Affordability — Winston-Salem, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $363,000 |
| Median Household Income | $77,100 |