Real Estate Investing in Winston-Salem, North Carolina

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

28 ZIP codes • Population: 275,105 • Forsyth County

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Should you buy in Winston-Salem, NC? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (81/100)

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

📈 For Investors
MIXED
3.0 / 5 (52/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 11.6% vacancy may signal weakening demand.

What’s happening in Winston-Salem, NC?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.2% 5yr CAGR

4.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability ★★★★★
Avg Home Value $67,908
Avg Monthly Rent $1,520
ZIP Codes 28

Market Trends — Winston-Salem, NC

Home Value History

$289K$253K$218K$183K$147K$112KJul 2006Jul 2016Jul 2026

Rent History

$1,593$1,439$1,284$1,129$975$820Jul 2016Jul 2021Jul 2026

Local Pulse Report

AI-researched developments and news for Winston-Salem, NC. Updated on demand as visitors ask.

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Growth & development in Winston-Salem, NC Updated 146 days ago
Winston-Salem is experiencing significant growth with numerous new businesses, major construction projects, and infrastructure developments, alongside some business closures.
✓ Opportunities
  • Foster Caviness is investing $6.25 million in a new warehousing and distribution facility in Winston-Salem, creating 165 new jobs by March 2025. — This expands employment opportunities and strengthens the local logistics sector. Greater Winston-Salem, Inc.
  • The Salem Bottleworks multi-use development, including apartments, event space, and restaurants, is opening in stages throughout 2025 and 2026. — This provides new housing, dining, and entertainment options, revitalizing a historic area. WStoday
  • The Innovation Quarter is undergoing a 28-acre Phase II expansion, focusing on life sciences, regenerative medicine, and biomanufacturing, with an estimated 2.7 million sq ft of mixed-use development. — This fosters economic growth, creates jobs in high-tech sectors, and adds community spaces. WFDD
  • The Winston-Salem Northern Beltway's Eastern Loop is expected to be completed in late 2026, improving traffic flow and safety. — This enhances transportation efficiency and reduces congestion for commuters and businesses. NCDOT
  • Several new businesses, including Copain Bakery & Provisions (February 2025), Nosh & Grind (January 2025), and Wandering Sun Mead Hall (Summer 2024), have opened or are opening. — These new establishments offer diverse choices for dining, retail, and leisure activities. WStoday
⚠ Concerns
  • HanesBrands is vacating its 500,000 square foot corporate campus to relocate to a smaller downtown footprint, following the sale of its Champion brand. — This signifies a reduction in corporate presence and potential job losses in the city. WS Chronicle
  • Over ten small businesses in downtown Winston-Salem alone closed in 2025, with some owners citing increased rent and poor building quality. — This limits local retail and service options and can reduce the vibrancy of downtown areas. Reddit
  • Big Lots announced plans to close several locations across North Carolina, including two in Winston-Salem, following a September 2024 bankruptcy filing. — This reduces accessible discount retail options for residents. 99.7 The Fox
  • The Silas Creek Bridge Replacement project may require temporary closure of a highly traveled section, impacting commuters. — This will likely cause temporary traffic disruptions and inconvenience for drivers. Winston-Salem Chronicle
Bottom line: Winston-Salem is experiencing robust development and business growth, particularly in mixed-use and logistics, though some small businesses and corporate presences have declined.

Sources & references

Local news & events in Winston-Salem, NC Updated 146 days ago
Winston-Salem has seen a mix of positive community engagement through various events and a concerning rise in youth violence and housing issues.
✓ Opportunities
  • Winston-Salem hosts numerous free community events throughout the year, including the Apple Festival, Hands on History, and Christmas at Bethabara. — These events provide diverse cultural and recreational opportunities for residents and visitors, fostering community engagement. City of Winston-Salem, NC
  • The city's overall crime rate has been decreasing over the past three years, with a significant 39% decrease in homicides in 2024. — A lower crime rate, particularly in violent crimes, enhances public safety and residents' sense of security. Vertex AI Search
  • Winston-Salem was named one of America's top 10 cities by Fodor's to celebrate the nation's 250th anniversary in March 2026. — This recognition highlights the city's historical significance and offers opportunities for tourism and civic pride. Visit Winston Salem
  • Air quality in Winston-Salem has shown improvement, with 98% of days in 2026 within WHO's safe air quality limits. — Improved air quality contributes to better public health outcomes and a healthier living environment for residents. Vertex AI Search
⚠ Concerns
  • Two teenagers were killed and five others injured in a shooting near a middle school in April 2026, stemming from a planned fight. — This tragic event highlights a severe breakdown in youth safety and community well-being, leading to loss of life and injury. The Washington Post
  • Downtown Winston-Salem has seen crime calls double in the past decade, with police considering a new district to increase patrols. — Increased crime in a growing area restricts residents' freedom to safely enjoy public spaces and impacts local businesses. WFMY News 2
  • Residents of South Wind Villas faced years of disrepair, unpaid dues, and alleged financial mismanagement by their HOA, delaying major repairs. — HOA mismanagement imposes unconsented costs and diminishes property values and living conditions for residents. WFMY News 2
  • A January 2025 environmental justice report highlighted areas in Winston-Salem with elevated cancer risk due to industrial emissions and significant heat island effects. — Environmental hazards and extreme heat disproportionately affect certain neighborhoods, posing health risks and reducing quality of life. Vertex AI Search
  • In February 2023, residents of city-owned affordable housing apartments claimed the city was forcing them out due to needed repairs, despite their desire to stay. — Displacement from affordable housing, even for repairs, can lead to increased housing insecurity and financial burdens for vulnerable residents. WXII 12 News
Bottom line: Winston-Salem is experiencing a period of growth in community events and improving overall crime rates, but faces significant challenges with youth violence and localized environmental and housing concerns.

Sources & references

Schools in Winston-Salem, NC Updated 146 days ago
Winston-Salem/Forsyth County Schools (WS/FCS) is navigating financial challenges and declining enrollment while undertaking significant facility projects and showing academic growth.
✓ Opportunities
  • In September 2025, WS/FCS reported that 63% of its schools met or exceeded growth, with 12 schools improving by a letter grade. — This indicates improved academic performance and opportunities for students across the district. clemmonscourier
  • The districtwide graduation rate for WS/FCS increased to 86% as of September 2025. — A higher graduation rate signifies more students successfully completing their secondary education. clemmonscourier
  • Seven WS/FCS schools were removed from the low-performing list in September 2025. — This demonstrates targeted improvements in struggling schools, offering better educational environments. clemmonscourier
  • Winston-Salem/Forsyth County Schools is launching "Project Revitalize" (2023-2028), creating an International Baccalaureate/Dual Language Immersion magnet pathway in four schools. — This expands specialized program choices and aims to reduce minority group isolation and improve academic outcomes. WS/FCS
  • Construction began in February 2025 on a new Brunson Elementary School, slated for completion by July 2026. — This replaces an aging school with a new facility, improving the learning environment for students. Old Gold & Black
⚠ Concerns
  • In September 2025, Winston-Salem/Forsyth County Schools experienced an enrollment decline of nearly 4%, losing almost 2,000 students. — This significant student loss can lead to reduced funding and potential school consolidation. Winston-Salem Journal
  • The district overspent $16 million in the 2023-2024 school year, leading to an estimated $42 million budget shortfall for 2024-2025. — This financial deficit has led to staffing cuts and budget constraints, impacting district operations. WS Chronicle
  • In June 2025, Forsyth County Commissioners declined the school district's request for an additional $32 million to address budget gaps. — This decision limits the district's ability to quickly resolve its financial challenges and maintain services. WS Chronicle
  • Construction of the new Brunson Elementary is on a brownfield site, raising concerns about environmental contamination. — Building on a brownfield site introduces potential environmental risks, despite safety agreements. Old Gold & Black
Bottom line: While academic performance shows improvement and facility projects are underway, the district faces significant financial and enrollment challenges.

Sources & references

Civic & policy in Winston-Salem, NC Updated 146 days ago
Winston-Salem and Forsyth County are experiencing significant changes in housing, infrastructure, and taxation, alongside state-level policy shifts.
✓ Opportunities
  • The City Council approved the "Forward 2045" comprehensive plan on November 18, 2024, guiding future growth and development for Winston-Salem and Forsyth County. — This plan aims to create attainable housing, strong economic opportunities, and accessible public spaces. City of Winston-Salem
  • A $2.5 million supplemental grant was awarded in August 2024 for the Choice Neighborhoods Initiative to redevelop the Cleveland Avenue Corridor, providing affordable housing. — This expands high-quality, affordable housing options and enhances community access to essential services. City of Winston-Salem
  • The City Council approved a $4.8 million contract in February 2024 for Phase 1 of the Salem Parkway Multi-Use Path, connecting downtown trails. — This improves pedestrian connectivity and supports the city's Downtown Plan goals. City of Winston-Salem
  • North Carolina's individual income tax rate decreased from 4.5% to 4.25% on January 1, 2025, with further reductions planned. — This aims to provide financial relief to taxpayers, putting more money back into residents' pockets. TRP Sumner, PLLC
  • The Affordable Housing Development (AHD) program, with $10 million in funding, will support new affordable rental and owner-occupied housing projects. — This program offers flexibility for developers to create and preserve affordable housing options. Winston-Salem Chronicle
⚠ Concerns
  • A county-wide property revaluation for FY 2025-26 led to an average 25% tax bill increase for residential properties, despite a reduced tax rate. — Residential property owners will pay a larger share of property taxes due to significant value growth. City of Winston-Salem
  • North Carolina Turnpike Authority implemented higher toll rates starting January 1, 2025. — This imposes increased costs on drivers using toll roads. CLT Public Relations
  • A state proposal in April 2026 sought to shorten the terms of Forsyth County commissioners and school board members from four years to two. — This change could disrupt established governance and potentially override voter preferences. 88.5 WFDD
  • Restrictions to same-day voter registration in Senate Bill 747, upheld by a federal court, are being appealed by voting rights organizations. — These restrictions are seen as creating increased barriers to the ballot for young and first-time voters. Southern Coalition for Social Justice
Bottom line: Winston-Salem is actively investing in affordable housing and infrastructure, but residents face higher property taxes and state-level policy changes.

Sources & references

AI-generated from public web sources. Always verify with official records. Not financial, legal, or investment advice.

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Best ZIP codes in Winston-Salem, NC

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Landlord Ground Truth

Real numbers from people who own or manage rentals in Winston-Salem, NC. Anonymous, moderated, never written by AI.

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Avg Home Value
$67,908
Avg Monthly Rent
$1,520
1% Rule
✓ Passes
Landlord Friendly (NC)
★★★★☆

🎓 Colleges & Universities in Winston-Salem

7 Colleges 24,133 Students 2,575 Off-Campus Renters
B+
Wake Forest University
4-Year Private · 9,121 students
C+
Winston-Salem State University
4-Year Public · 4,776 students
C+
Forsyth Technical Community College
2-Year Public · 8,716 students
📍 ~2,475 students rent off-campus
C
Carolina University
4-Year Private · 893 students
C
Salem College
4-Year Private · 519 students
C
Winston Salem Barber School
Vocational For-Profit · 36 students
D
Empire Beauty School-Winston-Salem
Vocational For-Profit · 72 students

Investor Insight: With 2,575 students living off-campus, Winston-Salem has substantial rental demand from the college population — typically stable, lease-renewing tenants.

Neighborhoods in Winston-Salem

Aldbrige 28 ZIP codes Angel Oaks 28 ZIP codes Ardmore 28 ZIP codes Ardmore Village 28 ZIP codes Ashford 28 ZIP codes Ashlet Forest 28 ZIP codes Atwood Acres 28 ZIP codes Baycreek 28 ZIP codes Belview 28 ZIP codes Bent Tree Farm 28 ZIP codes Boston Thurmon 28 ZIP codes Bowen Park 28 ZIP codes Boywood Forest 28 ZIP codes Breckingridge 28 ZIP codes Briar Glen 28 ZIP codes British Woods 28 ZIP codes Broadbay Heights 28 ZIP codes Brookwood 28 ZIP codes Buena Vista 28 ZIP codes Canton Forest 28 ZIP codes

ZIP Codes in Winston-Salem, NC

27107 ★ ★ ★ ★ ★
Home Value $244,936
Rent $1,686/mo
27106 ★ ★ ★ ★ ★
Home Value $336,353
Rent $1,285/mo
27127 ★ ★ ★ ★ ★
Home Value $259,605
Rent $1,764/mo
27105 ★ ★ ★ ★ ★
Home Value $174,974
Rent $1,221/mo
27103 ★ ★ ★ ★ ★
Home Value $282,466
Rent $1,696/mo
27104 ★ ★ ★ ★ ★
Home Value $375,164
Rent $1,391/mo
27101 ★ ★ ★ ★ ★
Home Value $227,912
Rent $1,596/mo
27109
Home Value $0
27110
Home Value $0
27010
Home Value $0
27094
Home Value $0
27099
Home Value $0
27102
Home Value $0
27108
Home Value $0
27111
Home Value $0
27113
Home Value $0
27114
Home Value $0
27115
Home Value $0
27116
Home Value $0
27117
Home Value $0
27120
Home Value $0
27130
Home Value $0
27150
Home Value $0
27152
Home Value $0
27155
Home Value $0
27157
Home Value $0
27199
Home Value $0
27285
Home Value $0

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Frequently Asked Questions About Winston-Salem, NC

Do landlords face vacancy issues in Winston-Salem, NC?

Occupancy in Winston-Salem, NC runs measured with elevated vacancy. Well-priced units at $1,520/mo lease on reasonable timelines.

What is the best play in Winston-Salem, NC?

Investors who focus on careful cash-flow rentals with hands-on management typically do well in Winston-Salem, NC. The numbers - $68K homes against $1,520/mo rents - support that play.

Where do rents currently stand in Winston-Salem, NC?

Expect rents around $1,520/mo per month in Winston-Salem, NC. With home values at $68K, the yield math works out to reasonable levels for rental investors.

How much should I expect to pay for a home in Winston-Salem, NC?

Winston-Salem, NC home values average about $68K. That price point suits investors targeting rentals with $1,520/mo in monthly income.

Is Winston-Salem, NC a smart market for rental property?

Yes - Winston-Salem, NC a 3.0/5 investability score. With $68K home prices against $1,520/mo monthly rent, the market delivers a reasonable entry point for new investors.

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