Mortgage Rates in Winston-Salem, North Carolina — March 2026
Updated March 2026 | Based on Winston-Salem market data and regional lending conditions
Winston-Salem is a mid-sized city in North Carolina with a population of 249,545. The current 30-year fixed mortgage rate in Winston-Salem is 6.69%, which is 0.04% above the national average. With a median home price of $225,000 and a 20% down payment of $45,000, homebuyers can expect a monthly principal and interest payment of approximately $1,160.
Current Mortgage Rates in Winston-Salem, NC
Below are the current average mortgage rates available in the Winston-Salem area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.69% | 6.65% | +0.04% |
| 15-Year Fixed | 5.93% | 5.89% | +0.04% |
| 5/1 ARM | 6.19% | 6.15% | +0.04% |
| FHA | 6.29% | 6.25% | +0.04% |
| VA | 6.09% | 6.05% | +0.04% |
| Jumbo | 6.89% | 6.85% | +0.04% |
Winston-Salem Housing Market Overview
The Winston-Salem housing market offers relatively affordable housing compared to many major cities. The median household income in Winston-Salem is $45,283, and the cost of living index is 85.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $55,971 to comfortably afford the median-priced home in Winston-Salem, which exceeds the current median household income.
Monthly Payment Breakdown for Winston-Salem
Based on the median home price of $225,000 with 20% down ($45,000), here is what you can expect to pay monthly in Winston-Salem:
15-Year vs. 30-Year Mortgage in Winston-Salem
Choosing a 15-year mortgage in Winston-Salem at 5.93% instead of a 30-year at 6.69% would save you $145,440 in total interest over the life of the loan. However, your monthly payment would be $1,512 instead of $1,160 — an increase of $352 per month.
Calculate Your Winston-Salem Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Winston-Salem
What are the current mortgage rates in Winston-Salem, NC?
As of March 2026, the average 30-year fixed mortgage rate in Winston-Salem, North Carolina is 6.69%, while the 15-year fixed rate is 5.93%. FHA loans average 6.29% and VA loans 6.09%. These rates are 0.04% above the national average of 6.65%.
How much is a monthly mortgage payment in Winston-Salem?
Based on the median home price of $225,000 with 20% down, the estimated monthly mortgage payment in Winston-Salem is $1,160 for principal and interest. Including property taxes of $146/month, the total monthly housing cost is approximately $1,306.
What income do I need to buy a home in Winston-Salem?
Using the 28% rule, you would need an annual income of approximately $55,971 to afford the median-priced home in Winston-Salem at $225,000. The median household income in Winston-Salem is $45,283. This means most households would need to either earn above the median or consider homes below $225,000.
Is Winston-Salem a good place to buy a home in 2026?
Winston-Salem offers a below-average cost of living with a cost of living index of 85.5 (national average = 100). The property tax rate in North Carolina is 0.78%, which is below the national average. Winston-Salem has a population of 249,545 and offers a very affordable lifestyle.
Mortgage Rates in Other North Carolina Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Winston-Salem, North Carolina area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.