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These days, finding an affordable place to live in the Winston-Salem area can be challenging. Home prices in Winston-Salem are now at a median cost of $248,713, lower than the North Carolina average of $323,314.
The average cost of rent is $1,102/mo in Winston-Salem, primarily driven by the current value of real estate in the Winston-Salem area. In Winston-Salem, 30.82% of households rent, and 42.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Winston-Salem is $6,045 per month. Households that rent pay about 18.23% of their income on rent here. Winston-Salem’s most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bethania, NC: equally priced homes
- Pfafftown, NC: higher priced homes
- Clemmons, NC: higher priced homes
- Walkertown, NC: less expensive homes
- Lewisville, NC: higher priced homes
- Midway, NC: equally priced homes
- Wallburg, NC: higher priced homes
- Kernersville, NC: higher priced homes
- Bermuda Run, NC: higher priced homes
- Enon, NC: higher priced homes
Cities with Similar Populations
- St. Cloud, FL: higher priced homes
- Steptoe, NV: less expensive homes
- Spruce, MI: less expensive homes
- Spruce, MO: equally priced homes
- Stockton Springs, ME: equally priced homes
- Springfield, MA: higher priced homes
- Stephensport, KY: less expensive homes
- Spring Hill, FL: higher priced homes
- Stockholm, NJ: higher priced homes
- St. Cloud, MN: equally priced homes
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