Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 251,350 people, 98,749 houses or apartments, and a median cost of homes of $258,205, Winston-Salem real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Winston-Salem, accounting for 60.82% of the city's housing units. Other types of housing that are prevalent in Winston-Salem include large apartment complexes or high rise apartments ( 26.06%), duplexes, homes converted to apartments or other small apartment buildings ( 6.58%), and a few row houses and other attached homes ( 4.53%).
The most prevalent building size and type in Winston-Salem are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.77% owning and 48.23% renting.
There is a lot of housing in Winston-Salem built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Winston-Salem built between 1940-1969 ( 28.11%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.63%). There's also some housing in Winston-Salem built before 1939 ( 7.76%).
Vacant housing appears to be an issue in Winston-Salem. Fully 11.98% of the housing stock is classified as vacant. Left unchecked, vacant Winston-Salem homes and apartments can be a drag on the real estate market, holding Winston-Salem real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Winston-Salem have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 105.03%, which ranks in the top 30% nationwide. This equates to an annual average Winston-Salem house appreciation rate of 7.44%.
Over the last year, Winston-Salem appreciation rates have trailed the rest of the nation. In the last twelve months, Winston-Salem's appreciation rate has been 3.92%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Winston-Salem were at 4.67%, which equates to an annual appreciation rate of 20.03%.
Importantly, NeighborhoodScout’s exclusive research found that Winston-Salem's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to North Carolina, our data show that Winston-Salem's latest annual appreciation rate is lower than 80% of the other cities and towns in North Carolina.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Winston-Salem differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Winston-Salem - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Winston-Salem real estate investment or home purchase decisions.
$258,205
for North carolina
for nation
98,749
$1,732 / per month