Mortgage Rates in Winston-Salem, North Carolina — April 2026
Updated April 2026 | Based on Winston-Salem market data and regional lending conditions
Winston-Salem is a mid-sized North Carolina city (pop. 249,545) where housing demand has kept prices relatively accessible. The current 30-year fixed rate here is 6.69% (0.6% above the national average). The median home price of $225,000 translates to roughly $1,306/month with 20% down — requiring an income of about $55,971, which exceeds the local median of $45,283.
Whether you call it a 30-year mortgage, 30-year home loan, 30-year house loan, or 30-year mortgage loan, the underlying product is the same: a fixed-rate amortizing loan paid over 360 months. In Winston-Salem, NC, the current 30-year rate is 6.69%. Shorter terms (15-year fixed at 5.93% or 20-year fixed, typically priced between the 15- and 30-year) reduce total interest paid but increase monthly payments — see our 15-year vs 30-year comparison for the math. Government-backed options include FHA loans (6.29%) and VA loans (6.09%), often available at lower rates with reduced down payment requirements.
Current Mortgage Rates in Winston-Salem, NC
Below are the current average mortgage rates available in the Winston-Salem area as of April 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% | 6.09% | +0.6% |
| 15-Year Fixed | 5.93% | 5.58% | +0.35% |
| 5/1 ARM | 6.19% | 5.95% | +0.24% |
| FHA | 6.29% | 5.85% | +0.44% |
| VA | 6.09% | 5.65% | +0.44% |
| Jumbo | 6.89% | 6.25% | +0.64% |
Winston-Salem Housing Market Overview
At $225,000, Winston-Salem offers more affordable housing than most U.S. metros. The local cost of living index is 85.5 (100 = national average), and the median household income of $45,283 still requires careful budgeting at current rate levels.
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 April 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 0.6% above the national average of 6.09%.
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
Related Tools & Guides
📊 Sources & Methodology
- 30-yr/15-yr fixed rates: Freddie Mac Primary Mortgage Market Survey (PMMS), weekly national average adjusted for North Carolina regional spread.
- Median home price: $225,000 sourced from Redfin / Zillow real estate listings (2026 data).
- Property tax rate: 0.78% effective rate per Tax Foundation 2026 state property tax data.
- Median household income: $45,283 per US Census Bureau ACS 5-year estimate.
- Calculations: standard amortization formula M = P[r(1+r)^n] / [(1+r)^n − 1], with r = monthly rate, n = 360 months, P = loan amount (80% of home price).
Last updated: April 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.