Winston-Salem, NC—27127
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 $253,000, with a year-over-year change of -1.0%. This indicates that home prices in Winston-Salem, NC are flat. 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 | $253,000 | -1.0% |
| Single Family | $257,000 | -0.4% |
| Condos | $161,000 | -1.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $123,000 | -1.6% |
2 Bed | $169,000 | -2.3% |
3 Bed | $261,000 | -0.8% |
4 Bed | $314,000 | -0.9% |
| 5 Bed | $346,000 | -1.7% |
% of Housing Stock
Rental Trends — Winston-Salem, NC
As of July '25, Rentcast reports the average rent in Winston-Salem, NC is $1,660, with a year-over-year rent change of -0.6%. Per bedroom, the median rent as of July '25 in Winston-Salem, NC is 1-bedrooms: $1,000, 2-bedrooms: $1,250, 3-bedrooms: $1,810, 4-bedrooms: $1,980. The most common rental property sizes in Winston-Salem, NC are 2-bedroom and 3-bedroom, accounting for 42.8% and 36.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,740 | $1,660 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $875 | $1,000 |
| 2 Bed Rent | $1,250 | $1,250 |
| 3 Bed Rent | $1,780 | $1,810 |
| 4 Bed Rent | $1,940 | $1,980 |
% 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 decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $303,000 | -11.0% |
Listing Count | 165 | 3.0% |
| Listings as % of Homes | 0.6% | 3.0% |
Days on Market | 52 | -1.0% |
Demographics — Winston-Salem, NC
As of the latest ACS Survey released in 2023, Winston-Salem, NC has a population of 41,400, which has increased by 3.9% over the past 5 years. Winston-Salem, NC is a moderately popular place for families, as children make up 24.9% of the population. The area has a moderately educated workforce, with 30.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 41,400 | 3.9% |
% Under 18 | 24.9% | -0.8% |
% Seniors | 13.4% | 13.6% |
% WFH | 10.1% | 197.1% |
% w/ College Degree | 30.6% | 9.7% |
As of the latest ACS Survey released in 2023, Winston-Salem, NC is a predominantly white area, with 46.9% of the population identifying as white. The white population has shrunk by 7.9% in the last 5 years. The second most common race or ethnicity in Winston-Salem, NC is black, making up 27.6% of the population. Foreign-born residents account for 11.1% of the population in Winston-Salem, NC, and this percentage has increased by 3.7% 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 | 46.9% | -7.9% |
% Black | 27.6% | -5.5% |
% Hispanic | 20.9% | 27.4% |
% Asian | 1.1% | -15.4% |
% Foreign Born | 11.1% | 3.7% |
Mortgage and Risk — Winston-Salem, NC
According to HUD data as of 2023, there were 720 mortgage originations in Winston-Salem, NC, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 32.0% 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. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 720 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 2.0% |
% 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 10.4%. 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 | 757 |
Total Units Section 8 | 620 |
% Rentals under Section 8 | 10.4% |
% Occupied Section 8 | 69.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $105 | $875 | $980 |
| 2 Bedroom | -$110 | $1,250 | $1,140 |
| 3 Bedroom | -$280 | $1,780 | $1,500 |
| 4 Bedroom | -$160 | $1,940 | $1,780 |
Affordability — Winston-Salem, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $253,000 |
| Median Household Income | $63,800 |