Winston-Salem, NC
Forsyth County · Pop. 252,561
Ranked #55 of 243 cities
52Moderate
Median Home Price
🏠$230K
3.8% YoY
Median Rent
🔑$1,100
2.5% YoY
Median Income
💰$45K
Rent Burden
📊31.0%
% of income to rent
Income to Buy
🏦$66K
annual income needed
Income to Rent
📝$44K
annual income needed
Price-to-Income
⚖️5.1x
Homeownership
🏡54.0%
Rent vs. Buy
Buy
$1,224/mo
Est. mortgage (7%, 20% down)
Need $66K/yr income
Rent
$1,100/mo
Median rent
Need $44K/yr income
How Winston-Salem Compares
| Metric | Winston-Salem | North Carolina | National |
|---|---|---|---|
| Home Price | $230K | $309K | $410K |
| Rent | $1,100 | $1,245 | $1,500 |
| Income | $45K | $71K | $75K |
| Rent Burden | 31.0% | 31.5% | 30.0% |
Key Takeaways
- • Home prices in Winston-Salem are 44% lower than the national average.
- • Rent is 27% lower than the national average.
- • You need an income of $66K to comfortably buy a home here.
- • The homeownership rate is 54.0%, compared to 65.0% nationally.