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Winston-Salem real estate market overview
- Average Monthly Rent: $1,198
- Home Price/Value Percentage Change: 11.80%
- Median Home Value: $232,856
- Best Time To Sell a Home: May
- Affordability Index: Moderate
- Days To Sell a House: 45
- Job Market: Fair
- Public School Ranking: 29
Location and weather
Winston-Salem is the port of entry and seat of Forsyth County of North Carolina. This city has an ideal location just two hours east of the beaches and two hours west of the mountains. Residents of Winston-Salem have the option to enjoy the picture-esq views of the Pilot Mountains, or relax on Wrightsville Beach if in need of a quick getaway. Along with beautiful views, this city is also full of hiking trails, camping areas, museums, golf courses and a downtown full of character.
The weather in Winston-Salem makes it one of the most comfortable places to live in North Carolina, with high temperatures in the 80s and lows reaching the 20s.
Population, job market and cost of living
Winston-Salem has a population of 255,524, with a growth rate of 0.79% annually.
The job market has decreased by -6.91% over the last year. In ten years, job growth is predicted to be 34.01%. This city has found economic success over the years, with industries including technology, financial advising, health care, nanotech, and biotech research. Companies such as Truist and HanesBrands are also headquartered here.
Winston-Salem is an overall affordable place to live when compared to North Carolina and the US average. Housing costs and transportation costs in particular are much lower than other cities in North Carolina.
Winston-Salem real estate market details
- Arcadia
- Stanleyville
- Old Town
- Mount Tabor
- Atwood Acres
- Vineyard
- Sherwood Forest
The average monthly rent in Winston-Salem is $1,198 for an average apartment size of 914 sq. feet.
There has been a 11.8% increase in median home value over the last year. As of 2023, the median home value is $232,856.
On average, homes in Winston-Salem sell after 45 days on the market.
The best time to sell a home for the most amount of money is in the month of May, while the best time to sell a home quickly is also May.
The affordability index in Winston-Salem is 81. This number indicates moderate affordability in this city.
The top ranked public schools are Meadowlark Elementary, Oak Grove Middle School, Atkins Academic & Technology, Wake Forest University, and Winston-Salem University. This information is dependent on data measuring academic performance and equity.