The housing market in Winston-Salem, NC is thriving. The median value of a house is $229,400, significantly lower than the national median of $338,100. Despite this discrepancy, the appreciation rate of homes in the area is 16.67%, much higher than the US average of 8.27%. This suggests that Winston-Salem's housing market is very strong and has very good potential for further growth.
The median home cost in Winston-Salem is $229,400. Home appreciation the last 10 years has been 86.1%. Home Appreciation in Winston-Salem is up 19.8%.
Average Age of Homes
- The median age of Winston-Salem real estate is 41 years old
The Rental Market in Winston-Salem
- Renters make up 39.1% of the Winston-Salem population
- 4.2% of houses and apartments in Winston-Salem, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.