Winston-Salem, NC—27105
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 $170,000, with a year-over-year change of -5.5%. This indicates that home prices in Winston-Salem, NC are decreasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $170,000 | -5.5% |
| Single Family | $170,000 | -5.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $99,000 | -6.6% |
2 Bed | $115,000 | -7.3% |
3 Bed | $189,000 | -4.1% |
4 Bed | $224,000 | -1.3% |
| 5 Bed | $218,000 | -4.4% |
% of Housing Stock
Rental Trends — Winston-Salem, NC
As of July '25, Rentcast reports the average rent in Winston-Salem, NC is $1,260, with a year-over-year rent change of -3.8%. Per bedroom, the median rent as of July '25 in Winston-Salem, NC is 1-bedrooms: $931, 2-bedrooms: $942, 3-bedrooms: $1,460, 4-bedrooms: $1,770. The most common rental property sizes in Winston-Salem, NC are 2-bedroom and 3-bedroom, accounting for 45.7% and 30.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,260 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $915 | $931 |
| 2 Bed Rent | $895 | $942 |
| 3 Bed Rent | $1,500 | $1,460 |
| 4 Bed Rent | $1,720 | $1,770 |
% 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 52. This is a increase of 19.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $245,000 | 21.0% |
Listing Count | 115 | -1.0% |
| Listings as % of Homes | 0.5% | -1.0% |
Days on Market | 52 | 19.0% |
Demographics — Winston-Salem, NC
As of the latest ACS Survey released in 2023, Winston-Salem, NC has a population of 41,300, which has increased by 1.8% over the past 5 years. Winston-Salem, NC is a popular place for families, as children make up 28.3% of the population. The area has a poorly educated workforce, with 18.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 41,300 | 1.8% |
% Under 18 | 28.3% | 8.0% |
% Seniors | 15.2% | 9.4% |
% WFH | 6.7% | 63.4% |
% w/ College Degree | 18.2% | 27.3% |
As of the latest ACS Survey released in 2023, Winston-Salem, NC is a predominantly black area, with 56.8% of the population identifying as black. The black population has shrunk by 7.6% in the last 5 years. The second most common race or ethnicity in Winston-Salem, NC is hispanic, making up 21.2% of the population. Foreign-born residents account for 9.9% of the population in Winston-Salem, NC, and this percentage has increased by 13.8% 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 | 18.5% | -5.6% |
% Black | 56.8% | -7.6% |
% Hispanic | 21.2% | 36.8% |
% Asian | 0.3% | 0.0% |
% Foreign Born | 9.9% | 13.8% |
Mortgage and Risk — Winston-Salem, NC
According to HUD data as of 2023, there were 664 mortgage originations in Winston-Salem, NC, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 40.0% 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. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 664 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
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 25.4%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-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 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 2,243 |
Total Units Section 8 | 1,671 |
% Rentals under Section 8 | 25.4% |
% Occupied Section 8 | 70.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$55 | $915 | $860 |
| 2 Bedroom | $115 | $895 | $1,010 |
| 3 Bedroom | -$170 | $1,500 | $1,330 |
| 4 Bedroom | -$160 | $1,720 | $1,560 |
Affordability — Winston-Salem, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $170,000 |
| Median Household Income | $41,600 |