Home Values in Winston-Salem, North Carolina — 2026 Market Report
Updated March 2026 | Buyer's Market | +5.6% YoY
The median home value in Winston-Salem, North Carolina is $225,000 as of March 2026, which is below the national median of $400,000. Home values in Winston-Salem have increased by 5.6% over the past year and 31.3% over the last five years. With a population of 249,545 and a median household income of $45,283, the price-to-income ratio stands at 5.0x, making Winston-Salem affordable for the average household.
Winston-Salem Housing Market Conditions
| Metric | Winston-Salem | National Avg |
|---|---|---|
| Median Home Value | $225,000 | $400,000 |
| YoY Appreciation | +5.6% | +3.8% |
| 5-Year Appreciation | +31.3% | +22.4% |
| Price per Sq Ft | $88 | $222 |
| Days on Market | 34 days | 45 days |
| Months of Supply | 5.4 | 3.5 |
| List-to-Sale Ratio | 99.8% | 98.5% |
| Monthly Homes Sold | 206 | — |
| Foreclosure Rate | 0.78% | 0.3% |
Home Value Trends in Winston-Salem
A homeowner who purchased at the median price of $171,363 five years ago in Winston-Salem would have gained approximately $53,637 in equity, representing a 31.3% return on investment. Over the past year alone, the typical homeowner gained $11,932 in home equity.
Affordability in Winston-Salem, NC
With a median household income of $45,283 and a median home price of $225,000, the price-to-income ratio in Winston-Salem is 5.0x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $1,391 compared to estimated monthly ownership costs of $1,215 gives a rent-vs-buy ratio of 0.87. In Winston-Salem, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Winston-Salem
The effective property tax rate in North Carolina is 0.78%. On a home valued at $225,000, the estimated annual property tax bill is $1,755, or approximately $146/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Winston-Salem is 85.5 (100 = national average), indicating living costs are below the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Winston-Salem, NC?
The median home value in Winston-Salem, North Carolina is $225,000 as of March 2026. Home values have changed +5.6% over the past year, with a 5-year appreciation of 31.3%.
Is Winston-Salem a buyer's or seller's market?
Winston-Salem is currently a buyer's market with 5.4 months of housing supply. Homes spend an average of 34 days on market, and the list-to-sale price ratio is 99.8%. Higher inventory gives buyers more negotiating power.
Are home values going up in Winston-Salem?
Yes, home values in Winston-Salem have increased by 5.6% over the past year. The 5-year appreciation rate is 31.3%, meaning a home worth $171,363 five years ago is now worth $225,000.
Is it better to rent or buy in Winston-Salem?
The average monthly rent in Winston-Salem is $1,391, while estimated monthly homeownership costs are approximately $1,215. The price-to-rent ratio is 13.5. Based on current conditions, buying may be more cost-effective than renting in this market.
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Related Resources
Disclaimer: Home value data for Winston-Salem, North Carolina is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.