Winston-Salem, NC—27103
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 $276,000, with a year-over-year change of -0.5%. This indicates that home prices in Winston-Salem, NC are flat. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $276,000 | -0.5% |
| Single Family | $284,000 | 0.0% |
| Condos | $162,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $118,000 | -4.8% |
2 Bed | $217,000 | 0.5% |
3 Bed | $285,000 | 0.0% |
4 Bed | $363,000 | 1.4% |
| 5 Bed | $404,000 | 1.0% |
% of Housing Stock
Rental Trends — Winston-Salem, NC
As of July '25, Rentcast reports the average rent in Winston-Salem, NC is $1,680, with a year-over-year rent change of 4.3%. Per bedroom, the median rent as of July '25 in Winston-Salem, NC is studios: $925, 1-bedrooms: $952, 2-bedrooms: $1,560, 3-bedrooms: $1,840, 4-bedrooms: $2,280. The most common rental property sizes in Winston-Salem, NC are 2-bedroom and 1-bedroom, accounting for 52.4% and 24.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,720 | $1,680 |
| Studio Rent | $925 | $925 |
| 1 Bed Rent | $900 | $952 |
| 2 Bed Rent | $1,550 | $1,560 |
| 3 Bed Rent | $1,800 | $1,840 |
| 4 Bed Rent | $2,200 | $2,280 |
% 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 46. This is a increase of 14.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $325,000 | 1.0% |
Listing Count | 158 | 10.0% |
| Listings as % of Homes | 0.4% | 10.0% |
Days on Market | 46 | 14.0% |
Demographics — Winston-Salem, NC
As of the latest ACS Survey released in 2023, Winston-Salem, NC has a population of 34,000, which has decreased by -2.9% over the past 5 years. Winston-Salem, NC is a moderately popular place for families, as children make up 17.7% of the population. The area has a moderately educated workforce, with 41.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 34,000 | -2.9% |
% Under 18 | 17.7% | -14.1% |
% Seniors | 18.1% | 18.3% |
% WFH | 15.6% | 205.9% |
% w/ College Degree | 41.3% | 3.8% |
As of the latest ACS Survey released in 2023, Winston-Salem, NC is a predominantly white area, with 64.4% of the population identifying as white. The white population has grown by 6.4% in the last 5 years. The second most common race or ethnicity in Winston-Salem, NC is black, making up 15.2% of the population. Foreign-born residents account for 11.9% of the population in Winston-Salem, NC, and this percentage has increased by 11.2% 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 | 64.4% | 6.4% |
% Black | 15.2% | -34.5% |
% Hispanic | 13.0% | 39.8% |
% Asian | 2.9% | -44.2% |
% Foreign Born | 11.9% | 11.2% |
Mortgage and Risk — Winston-Salem, NC
According to HUD data as of 2023, there were 671 mortgage originations in Winston-Salem, NC, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 29.0% 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. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 671 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 3.0% |
% 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 7.8%. 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 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 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 675 |
Total Units Section 8 | 561 |
% Rentals under Section 8 | 7.8% |
% Occupied Section 8 | 69.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $900 | $1,080 |
| 2 Bedroom | -$290 | $1,550 | $1,260 |
| 3 Bedroom | -$150 | $1,800 | $1,650 |
| 4 Bedroom | -$260 | $2,200 | $1,940 |
Affordability — Winston-Salem, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $276,000 |
| Median Household Income | $66,600 |