Winston-Salem, NC—27107
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 $236,000, with a year-over-year change of -0.7%. This indicates that home prices in Winston-Salem, NC are flat. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $236,000 | -0.7% |
| Single Family | $238,000 | 0.0% |
| Condos | $119,000 | -6.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $100,000 | -3.8% |
2 Bed | $122,000 | -4.7% |
3 Bed | $249,000 | 0.0% |
4 Bed | $314,000 | -0.3% |
| 5 Bed | $377,000 | 0.0% |
% of Housing Stock
Rental Trends — Winston-Salem, NC
As of July '25, Rentcast reports the average rent in Winston-Salem, NC is $1,450, with a year-over-year rent change of -2.7%. Per bedroom, the median rent as of July '25 in Winston-Salem, NC is 1-bedrooms: $768, 2-bedrooms: $1,060, 3-bedrooms: $1,680, 4-bedrooms: $1,780. The most common rental property sizes in Winston-Salem, NC are 2-bedroom and 3-bedroom, accounting for 37.6% and 32.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,450 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $768 |
| 2 Bed Rent | $995 | $1,060 |
| 3 Bed Rent | $1,700 | $1,680 |
| 4 Bed Rent | $1,700 | $1,780 |
% 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 60. This is a increase of 33.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $308,000 | 10.0% |
Listing Count | 173 | 38.0% |
| Listings as % of Homes | 0.5% | 38.0% |
Days on Market | 60 | 33.0% |
Demographics — Winston-Salem, NC
As of the latest ACS Survey released in 2023, Winston-Salem, NC has a population of 51,300, which has increased by 7.8% over the past 5 years. Winston-Salem, NC is a popular place for families, as children make up 26.6% of the population. The area has a poorly educated workforce, with 23.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 51,300 | 7.8% |
% Under 18 | 26.6% | -8.6% |
% Seniors | 14.5% | 15.1% |
% WFH | 8.6% | 145.7% |
% w/ College Degree | 23.0% | 15.0% |
As of the latest ACS Survey released in 2023, Winston-Salem, NC is a predominantly white area, with 43.7% of the population identifying as white. The white population has shrunk by 9.0% in the last 5 years. The second most common race or ethnicity in Winston-Salem, NC is black, making up 29.1% of the population. Foreign-born residents account for 11.2% of the population in Winston-Salem, NC, and this percentage has increased by 5.7% 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 | 43.7% | -9.0% |
% Black | 29.1% | 1.4% |
% Hispanic | 23.0% | 5.5% |
% Asian | 1.1% | 83.3% |
% Foreign Born | 11.2% | 5.7% |
Mortgage and Risk — Winston-Salem, NC
According to HUD data as of 2023, there were 914 mortgage originations in Winston-Salem, NC, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Winston-Salem, NC. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 914 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
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 15.0%. 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. 1-bedroom and 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 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,007 |
Total Units Section 8 | 917 |
% Rentals under Section 8 | 15.0% |
% Occupied Section 8 | 78.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $750 | $900 |
| 2 Bedroom | $55 | $995 | $1,050 |
| 3 Bedroom | -$320 | $1,700 | $1,380 |
| 4 Bedroom | -$50 | $1,700 | $1,650 |
Affordability — Winston-Salem, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $236,000 |
| Median Household Income | $59,900 |