Winston Salem appreciation rates and housing market information

Winston Salem housing market information

With 185,480 people, 82,640 houses or apartments, and a median cost of homes of $151,466, 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 61.08% of the city's housing units. Other types of housing that are prevalent in Winston Salem include large apartment complexes or high rise apartments (23.91%), duplexes, homes converted to apartments, or other small apartment buildings (8.66%), row houses and other attached homes (4.61%), and a few mobile homes or trailers (1.74%).

People in Winston Salem primarily live in small (one, two, or no bedroom) single-family detached homes. Winston Salem has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Winston Salem's housing was primarily built during this period, from the '40s through the '60s. A full 42.49% of the city's housing hails from this era. Other housing ages represented in Winston Salem include homes built between 1970-1994 (40.88%), and housing constructed from 1939 and earlier (8.79%). There's also some housing in Winston Salem built between 1995 and later (7.84%).

Winston Salem home appreciation rates

Winston Salem's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Winston Salem during the period has been just 4.57%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Winston Salem home appreciation rates, at 0.52%, have been at or slightly above the national average. In the latest quarter, Winston Salem's appreciation rate has been 0.99%, which annualizes to a rate of 3.96%.

Relative to North Carolina, our data show that Winston Salem's latest annual appreciation rate is higher than 16% 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 1990, to assist you in making the best Winston Salem real estate investment or home purchase decisions.