Winston-Salem, NC—27106
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 $325,000, with a year-over-year change of 0.6%. 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 | $325,000 | 0.6% |
| Single Family | $338,000 | 0.9% |
| Condos | $149,000 | 1.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $173,000 | 0.6% |
3 Bed | $292,000 | 0.7% |
4 Bed | $478,000 | 3.0% |
| 5 Bed | $816,000 | 2.6% |
% of Housing Stock
Rental Trends — Winston-Salem, NC
As of July '25, Rentcast reports the average rent in Winston-Salem, NC is $1,700, with a year-over-year rent change of 10.4%. Per bedroom, the median rent as of July '25 in Winston-Salem, NC is studios: $1,560, 1-bedrooms: $913, 2-bedrooms: $1,240, 3-bedrooms: $1,850, 4-bedrooms: $2,840. The most common rental property sizes in Winston-Salem, NC are 2-bedroom and 1-bedroom, accounting for 45.0% and 23.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,540 | $1,700 |
| Studio Rent | $1,560 | $1,560 |
| 1 Bed Rent | $925 | $913 |
| 2 Bed Rent | $1,150 | $1,240 |
| 3 Bed Rent | $1,760 | $1,850 |
| 4 Bed Rent | $2,800 | $2,840 |
% 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 69. This is a increase of 32.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $407,000 | -9.0% |
Listing Count | 280 | 44.0% |
| Listings as % of Homes | 0.6% | 44.0% |
Days on Market | 69 | 32.0% |
Demographics — Winston-Salem, NC
As of the latest ACS Survey released in 2023, Winston-Salem, NC has a population of 49,300, which has increased by 2.0% over the past 5 years. Winston-Salem, NC is a moderately popular place for families, as children make up 22.7% of the population. The area has a highly educated workforce, with 48.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 49,300 | 2.0% |
% Under 18 | 22.7% | -1.7% |
% Seniors | 17.0% | 7.6% |
% WFH | 14.7% | 219.6% |
% w/ College Degree | 48.2% | 2.8% |
As of the latest ACS Survey released in 2023, Winston-Salem, NC is a predominantly white area, with 51.6% of the population identifying as white. The white population has shrunk by 9.5% in the last 5 years. The second most common race or ethnicity in Winston-Salem, NC is black, making up 27.3% of the population. Foreign-born residents account for 9.3% of the population in Winston-Salem, NC, and this percentage has decreased by 10.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 51.6% | -9.5% |
% Black | 27.3% | 14.2% |
% Hispanic | 14.7% | 2.1% |
% Asian | 3.4% | 17.2% |
% Foreign Born | 9.3% | -10.6% |
Mortgage and Risk — Winston-Salem, NC
According to HUD data as of 2023, there were 956 mortgage originations in Winston-Salem, NC, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 24.0% 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. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 956 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
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 7.2%. 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 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 | 767 |
Total Units Section 8 | 693 |
% Rentals under Section 8 | 7.2% |
% Occupied Section 8 | 72.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $155 | $925 | $1,080 |
| 2 Bedroom | $120 | $1,150 | $1,270 |
| 3 Bedroom | -$90 | $1,760 | $1,670 |
| 4 Bedroom | -$840 | $2,800 | $1,960 |
Affordability — Winston-Salem, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $325,000 |
| Median Household Income | $66,100 |