Winston-Salem Metro Area, NC Housing

The housing market in the Winston-Salem, NC Metro Area is experiencing growth and appreciation greater than that of the United States on average. The median value for housing in this area is currently $239,000, which is significantly lower than the US median of $338,100. However, this area has had a 1 year house appreciation rate of 17.36%, compared to 8.27% nationally. This indicates that the area's real estate industry is flourishing, and investors are being rewarded with increasing returns on their investments.

The median home cost in Winston-Salem Metro Area is $239,000. Home appreciation the last 10 years has been 83.5%. Home Appreciation in Winston-Salem Metro Area is up 20.9%.

Average Age of Homes

- The median age of Winston-Salem Metro Area real estate is 36 years old

The Rental Market in Winston-Salem Metro Area

- Renters make up 27.9% of the Winston-Salem Metro Area population
- 2.4% of houses and apartments in Winston-Salem Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Winston-Salem, North Carolina	United States
	300,101.0	139,647,020.0
	39	42
	$239,000	$338,100
	20.9%	16.6%
	66.5%	57.0%
	83.5%	101.1%
	$8.70	$10.98
	$1,384	$2,690
	60.4%	57.4%
	10.8%	11.2%
	28.8%	31.4%
Vacant Housing
	2.4%	1.9%
	0.2%	0.4%
	1.0%	0.7%
	0.4%	0.4%
	1.6%	3.6%
	5.2%	4.1%
Value of Owner-Occupied Housing
	2.9%	2.6%
	2.3%	2.4%
	3.3%	2.8%
	5.2%	3.9%
	7.0%	4.5%
	21.6%	11.3%
	20.8%	13.0%
	19.5%	20.1%
	8.7%	13.6%
	3.7%	8.3%
	3.3%	9.7%
	1.1%	3.9%
	0.3%	2.2%
	0.1%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	15.2%	13.6%
	15.2%	13.6%
	16.6%	13.6%
	14.8%	13.2%
	16.6%	14.8%
	16.6%	13.6%
	9.2%	10.0%
	4.1%	4.7%
	6.3%	12.2%

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