Winston-Salem NC Real Estate - Winston-Salem NC Homes For Sale | Zillow (2024)

FAQs

What part of Winston-Salem is the best to live in? ›

Ardmore is a historic district in Winston Salem and is one of the best places to live. It boasts of Queen Anne craftsman-style architecture, which is popular amongst new buyers. In addition, the neighborhood is equipped with nature trails and Salem Lake park for all your outdoor adventures.

Is it a buyer's or seller's market in North Carolina? It is considered a seller's market right now. Housing inventory is up since last year, which means supply is less constrained. Mortgage rates are 6.4%, making the average house payment $2,487, which is $137 lower than a year before.

Downtown Winston Salem

With a median home price of $364,763 and a median rent of $1,095, Downtown Winston Salem is the most expensive neighborhood on our list. Based on the growth in home prices in Downtown Winston Salem over the last 3 years, it ranks No. 1 among all the neighborhoods in Winston Salem.

The overall cost of living in Winston-Salem is lower than both the average in NC and the national average. The overall cost of living in Winston-Salem is lower than the national average, and lower than the state average. In the Twin City, the cost of health care is lower compared to other parts of the state + the US.

The North Carolina real estate market is set to experience record highs in 2022, according to the Zillow.com rankings which have placed Raleigh and Charlotte among America's hottest housing markets.

Winter is traditionally the slowest season for home sales and, as a result, it's the cheapest time to buy a home. There's usually less competition between buyers and sellers may be more willing to negotiate to make a sale since buyer interest is lower than it is in the spring.

Average Home Prices: The median home price in North Carolina is $390,100. But, it is expected to decrease due to a rise in inventory in the latter half of 2024. The sale-to-list price ratio is 98.70%, dropping by 0.94 pt YoY. Home Sales: As per June 2024 data, home sales decreased by 14% YoY!

Poverty & Diversity

18.4% of the population for whom poverty status is determined in Winston-Salem, NC (44.2k out of 240k people) live below the poverty line, a number that is higher than the national average of 12.5%.

Is Winston-Salem bigger than Asheville? ›

Winston-Salem (22,700) was the third largest city in the state followed by Raleigh (19,218), Asheville (18,762), Durham (18,241), and Greensboro (15,895).

Winston-Salem, NC, is Affordable

Winston-Salem offers a cost of living that is about 81% of the U.S. average and lower than that of other North Carolina metros like Raleigh and Charlotte. And, when it comes to housing, the region boasts several options with varying types and price points.

Winston-Salem is a historical city primed for your perfect retirement. The city's low cost of living, tax benefits, moderate climate, culinary scene, universities, and hospitals make it an excellent choice. You'll wonder why you didn't move here earlier.

From our vibrant downtown to our centuries-old historic sites, Winston-Salem enchants visitors with big-city amenities and small-town charm.

In 2022, there were 1.39 times more White (Non-Hispanic) residents (112k people) in Winston-Salem, NC than any other race or ethnicity. There were 80.9k Black or African American (Non-Hispanic) and 15.2k White (Hispanic) residents, the second and third most common ethnic groups.

According to Walk Score, an online tool that rates walkability and bikeability at addresses across the country, Winston-Salem's average walk score is an abysmal 22 out of 100, with the website stating that “almost all errands require a car” and “Winston-Salem is a car-dependent city.” Bikeability is not much better.