The Most Affordable Neighborhoods in Wake Forest University, Winston-Salem, NC by Home Value

 

Wake Forest University, Winston-Salem, NC Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Wake Forest University area can be challenging. Home prices in Wake Forest University are now at a median cost of $502,330, higher than the Winston-Salem average of $248,713.

The average cost of rent is $1,066/mo in Wake Forest University, primarily driven by the current value of real estate in the Wake Forest University area. In Wake Forest University, 53.38% of households rent, and 42.43% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Wake Forest University is $5,933 per month. Households that rent pay about 17.97% of their income on rent here. Wake Forest University’s most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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