Winston-Salem, North Carolina Housing Market Prices
Winston-Salem 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.
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Median home price 43% below the North Carolina median$159,187
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Median rent 12% below the North Carolina median$1,077
Housing Market Overview
| Metric | Winston-Salem | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $159,187 | $278,288 | $248,835 |
| Price Trend (Annual %) | 4.1% | 9.3% | 7.5% |
| Median Gross Rent | $1,077 | $1,227 | $1,407 |
| Rent Trend (Annual %) | 5.1% | 5.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Winston-Salem is about 43% lower than in North Carolina. Rent is about 12% 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 Winston-Salem, up about 4.1% and 5.1% a year respectively. Rent is changing faster.
Median rent in Winston-Salem rose about 50.0% between 2015 and 2024, from $718 to $1,077. Over the same span, rent in North Carolina rose about 54.2%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Winston-Salem.
Buying the median-priced home in Winston-Salem costs roughly 12.3 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 Winston-Salem. The price-to-rent ratio in North Carolina is about 18.9.
| Metric | Winston-Salem | North Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $159,187 | $278,288 | $248,835 |
| Median Household Income | $58,156 | $72,438 | $80,455 |
| Price-to-Income Ratio | 2.7 | 3.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Winston-Salem rose about 34.2%, 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 | Winston-Salem | North Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 48.7% | 58.3% | 58.5% |
| Rental Rate | 40.7% | 29.2% | 31.2% |
| Vacancy Rate | 10.6% | 12.5% | 10.2% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Winston-Salem has a homeownership rate of 48.7%, lower than the North Carolina average of 58.3%. Its housing vacancy rate is 10.6%, compared with 12.5% in North Carolina.
Housing Stock
| Metric | Winston-Salem | North Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.33 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1981 | 1989 | 1978 |
| Median Number of Rooms | 5.3 | 5.6 | 5.5 |
The typical housing unit in Winston-Salem was built around 1981. On average, 2.3 people live in a home with about 5.3 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Winston-Salem, North Carolina.
What is the median home price in Winston-Salem, North Carolina?
The median home price in Winston-Salem, North Carolina is $159,187, lower than the North Carolina average of $278,288.
What is the average home price in Winston-Salem, North Carolina?
The typical home price in Winston-Salem, North Carolina, reported as the median sale price, is $159,187. 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 Winston-Salem, North Carolina?
The median gross rent in Winston-Salem, North Carolina is $1,077 per month, lower than the North Carolina average of $1,227.
What was the median gross rent in Winston-Salem in 2020?
In 2020, the median gross rent in Winston-Salem, North Carolina was $818 per month.
What is the price-to-rent ratio in Winston-Salem, North Carolina?
The price-to-rent ratio in Winston-Salem, North Carolina is about 12.3, meaning it would take roughly 12.3 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 Winston-Salem.
Are home prices or rent rising faster in Winston-Salem, North Carolina?
Both home prices and rent are rising in Winston-Salem, up about 4.1% and 5.1% a year respectively. Rent is changing faster.
What is the homeownership rate in Winston-Salem, North Carolina?
48.7% of households in Winston-Salem, North Carolina own their home, lower than the North Carolina average of 58.3%.
What is the vacancy rate in Winston-Salem, North Carolina?
The housing vacancy rate in Winston-Salem, North Carolina is 10.6%, lower than the North Carolina average of 12.5%.
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