Forsyth County, North Carolina Housing Market Prices
Forsyth County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 39% below the North Carolina median$170,209
-
Median rent 11% below the North Carolina median More expensive than 70% of counties in North Carolina$1,098
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Forsyth County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $170,209 | $278,288 | $248,835 |
| Price Trend (Annual %) | 4.1% | 9.3% | 7.5% |
| Median Gross Rent | $1,098 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 5.1% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Forsyth County is about 39% lower than in North Carolina. Rent is about 11% lower than the North Carolina average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Forsyth County, up about 4.1% and 5.1% a year respectively. Rent is changing faster.
Median rent in Forsyth County rose about 50.1% between 2015 and 2024, from $731 to $1,098. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Forsyth County.
Buying the median-priced home in Forsyth County costs roughly 12.9 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Forsyth County. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Forsyth County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $170,209 | $278,288 | $248,835 |
| Median Household Income | $67,537 | $72,438 | $80,455 |
| Price-to-Income Ratio | 2.5 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Forsyth County rose about 30.8%, while median household income rose about 36.7% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Forsyth County | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.9% | 58.3% | 58.5% |
| Rental Rate | 33.2% | 29.2% | 31.2% |
| Vacancy Rate | 8.9% | 12.5% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Forsyth County has a homeownership rate of 57.9%, about the same as the North Carolina average of 58.3%. Its housing vacancy rate is 8.9%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Forsyth County | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.37 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1983 | 1989 | 1978 |
| Median Number of Rooms | 5.6 | 5.6 | 5.5 |
The typical housing unit in Forsyth County was built around 1983. On average, 2.4 people live in a home with about 5.6 rooms, staying for about 15.0 years on average.
Forsyth County, NC Housing Compared With Nearby Counties
Forsyth County, NC is the 2nd largest of the 5 counties compared here, 389,752 residents against a local median of 109,093. Forsyth County, NC's median rent, at $1,098, runs 24% above the $884 typical of the counties around it.
Homeownership tells the same story from another angle: 63.5% against a local median of 76.8%, 17% below it. The one measure here that carries a verdict is homeownership, and at 17% below the local median it puts Forsyth County, NC at the weaker end of the local range. The counties themselves spread $388 on median rent, so Forsyth County, NC sits at one end of an already wide local range rather than apart from it. Forsyth County, NC has the 2nd highest median rent of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Forsyth County, NC | 389,752 | $170,209 #3/5 | $1,098 #2/5 | 63.5% #4/5 |
| Stokes County, NC | 45,181 | $164,358 | $774 | 79.2% |
| Davidson County, NC | 173,005 | $113,557 | $901 | 74.4% |
| Davie County, NC | 44,122 | $352,469 | $867 | 82.2% |
| Guilford County, NC | 547,431 | $224,786 | $1,162 | 60.0% |
Frequently Asked Questions
Common questions about the housing market in Forsyth County, North Carolina.
What is the median home price in Forsyth County, North Carolina?
The median home price in Forsyth County, North Carolina is $170,209, lower than the North Carolina average of $278,288.
What is the average home price in Forsyth County, North Carolina?
The typical home price in Forsyth County, North Carolina, reported as the median sale price, is $170,209. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Forsyth County, North Carolina?
The median gross rent in Forsyth County, North Carolina is $1,098 per month, lower than the North Carolina average of $1,227.
What was the median gross rent in Forsyth County in 2020?
In 2020, the median gross rent in Forsyth County, North Carolina was $836 per month.
What is the price-to-rent ratio in Forsyth County, North Carolina?
The price-to-rent ratio in Forsyth County, North Carolina is about 12.9, meaning it would take roughly 12.9 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Forsyth County.
Are home prices or rent rising faster in Forsyth County, North Carolina?
Both home prices and rent are rising in Forsyth County, up about 4.1% and 5.1% a year respectively. Rent is changing faster.
What is the homeownership rate in Forsyth County, North Carolina?
57.9% of households in Forsyth County, North Carolina own their home, lower than the North Carolina average of 58.3%.
What is the vacancy rate in Forsyth County, North Carolina?
The housing vacancy rate in Forsyth County, North Carolina is 8.9%, lower than the North Carolina average of 12.5%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →