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
With 246,328 people, 94,937 houses or apartments, and a median cost of homes of $162,496, house prices in Winston-Salem are solidly below the national average.
Single-family detached homes are the single most common housing type in Winston-Salem, accounting for 61.07% of the city's housing units. Other types of housing that are prevalent in Winston-Salem include large apartment complexes or high rise apartments ( 25.26%), duplexes, homes converted to apartments or other small apartment buildings ( 6.62%), and a few row houses and other attached homes ( 4.60%).
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 51.33% owning and 48.67% 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 ( 31.51%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.37%). There's also some housing in Winston-Salem built before 1939 ( 7.84%).
Vacant housing appears to be an issue in Winston-Salem. Fully 11.37% 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.
Real estate appreciation rates in Winston-Salem's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.01% during the period.
Appreciation rates are so strong in Winston-Salem that despite a nationwide downturn in the housing market, Winston-Salem real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Winston-Salem appreciation rates continue to be some of the highest in America, at 6.54%, which is higher than appreciation rates in 86.60% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Winston-Salem. Winston-Salem appreciation rates in the latest quarter were at -0.22%, which equates to an annual appreciation rate of -0.89%.
Notably, Winston-Salem's appreciation rate in the latest quarter is one of the lowest in America.
Relative to North Carolina, our data show that Winston-Salem's latest annual appreciation rate is higher than 70% 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.
|$914,001 - $1,219,000||0.9|
|$609,001 - $914,000||2.8|
|$488,001 - $609,000||2.3|
|$366,001 - $488,000||5.2|
|$244,001 - $366,000||10.7|
|$122,001 - $244,000||43.2|
|$61,001 - $122,000||24.5|
|$0 - $61,000||9.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
2000 Q1 - 2020 Q2
|* 10 is highest|
|AGE OF Winston-Salem HOMES|
|2000 or Newer||18.4|
|1970 - 1999||42.3|
|1940 - 1969||31.5|
|1939 or Older||7.8|
|TYPE OF Winston-Salem HOMES|
|Small Apt. Buildings||6.6|
|SIZE OF Winston-Salem HOMES|
|5 or more bedrooms||3.15|