Winston-Salem, NC—27101
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 $221,000, with a year-over-year change of -1.9%. This indicates that home prices in Winston-Salem, NC are decreasing. 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 | $221,000 | -1.9% |
| Single Family | $213,000 | -1.4% |
| Condos | $298,000 | -1.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $212,000 | -3.2% |
2 Bed | $172,000 | -1.7% |
3 Bed | $223,000 | -1.3% |
4 Bed | $306,000 | -1.6% |
| 5 Bed | $420,000 | 0.2% |
% of Housing Stock
Rental Trends — Winston-Salem, NC
As of July '25, Rentcast reports the average rent in Winston-Salem, NC is $1,370, with a year-over-year rent change of 1.5%. Per bedroom, the median rent as of July '25 in Winston-Salem, NC is studios: $1,190, 1-bedrooms: $1,170, 2-bedrooms: $1,340, 3-bedrooms: $1,840, 4-bedrooms: $2,080. The most common rental property sizes in Winston-Salem, NC are 1-bedroom and 2-bedroom, accounting for 42.2% and 38.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,370 |
| Studio Rent | $1,370 | $1,190 |
| 1 Bed Rent | $1,200 | $1,170 |
| 2 Bed Rent | $1,200 | $1,340 |
| 3 Bed Rent | $1,650 | $1,840 |
| 4 Bed Rent | $2,140 | $2,080 |
% 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 49. 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 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 | $305,000 | 14.0% |
Listing Count | 82 | 28.0% |
| Listings as % of Homes | 0.3% | 28.0% |
Days on Market | 49 | 19.0% |
Demographics — Winston-Salem, NC
As of the latest ACS Survey released in 2023, Winston-Salem, NC has a population of 21,900, which has increased by 11.2% over the past 5 years. Winston-Salem, NC is a moderately popular place for families, as children make up 17.8% of the population. The area has a moderately educated workforce, with 34.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,900 | 11.2% |
% Under 18 | 17.8% | -10.6% |
% Seniors | 13.5% | 0.0% |
% WFH | 12.7% | 130.9% |
% w/ College Degree | 34.4% | 14.3% |
As of the latest ACS Survey released in 2023, Winston-Salem, NC is a predominantly black area, with 43.5% of the population identifying as black. The black population has shrunk by 5.6% in the last 5 years. The second most common race or ethnicity in Winston-Salem, NC is white, making up 36.7% of the population. Foreign-born residents account for 7.9% of the population in Winston-Salem, NC, and this percentage has increased by 27.4% 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 | 36.7% | -6.9% |
% Black | 43.5% | -5.6% |
% Hispanic | 15.0% | 41.5% |
% Asian | 3.3% | 120.0% |
% Foreign Born | 7.9% | 27.4% |
Mortgage and Risk — Winston-Salem, NC
According to HUD data as of 2023, there were 285 mortgage originations in Winston-Salem, NC, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Winston-Salem, NC. Investor activity is low, as 3.0% 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 | 285 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% 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 16.8%. 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. In Winston-Salem, NC, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 1,837 |
Total Units Section 8 | 1,205 |
% Rentals under Section 8 | 16.8% |
% Occupied Section 8 | 82.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$240 | $1,200 | $960 |
| 2 Bedroom | -$70 | $1,200 | $1,130 |
| 3 Bedroom | -$170 | $1,650 | $1,480 |
| 4 Bedroom | -$400 | $2,140 | $1,740 |
Affordability — Winston-Salem, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $221,000 |
| Median Household Income | $44,600 |