Real Estate Investing in Winston-Salem, North Carolina (27106)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 27106 (Winston-Salem, NC)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 12.7% of homes vacant — above national norms.
What’s happening in Winston-Salem, NC (27106)?
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Market Analysis: 27106 Winston-Salem
The 27106 ZIP in Winston-Salem, NC is a local-operator market. Outside capital chasing a $336K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 27106 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 27106 sits on the difficult end of the NC spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Stepping back, 49,296 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Winston-Salem's stable or hybrid ZIPs before stepping into 27106. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Winston-Salem:
Property Strategy for 27106
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $172,719 | $1,360 | 5.7% | +10.4% | $86,360 |
| 3BR | $291,802 | $1,770 | 4.4% | +7.7% | $97,267 |
| 4BR | $478,335 | $2,100 | 3.2% | +7.3% | $119,584 |
| 5BR | $815,607 | — | — | +7.5% | $163,121 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 27106 Compare?
| Metric | 27106 | Winston-Salem | Winston-Salem, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $336,353 | $67,908 | N/A | $330,565 |
| 5-Year CAGR | 5.3% | 5.2% | N/A | 7.8% |
| Avg Rent | $1,285 | $1,520 | N/A | - |
| Cap Rate | 3.0% | 4.6% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 27106 (Winston-Salem, NC). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $336,353 |
| Monthly Rent | $1,285 |
| Price-to-Rent | 21.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +4.3% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 Rent Trends
| 1-Year | -2.1% ▼ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +4.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 27106
Population: 49,296
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 27106
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,575 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are home prices like in Winston-Salem, NC?
Median home price in Winston-Salem, NC is near $336K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
Is Winston-Salem, NC better for rentals, flips, or BRRRR?
For Winston-Salem, NC, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How quickly do rentals get leased in Winston-Salem, NC?
Winston-Salem, NC carries elevated vacancy risk. Expect steady absorption at market rents of $1,285/mo.
Can I live-in-and-rent in Winston-Salem, NC?
House hacking in Winston-Salem, NC is a challenging. With home values around $336K and rents at $1,285/mo, owner-occupants can offset a meaningful share of PITI.
How landlord-friendly is Winston-Salem, NC?
Landlord-friendliness in Winston-Salem, NC is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 27106 now. You don’t know where it ranks.
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How 27106 ranks in Winston-Salem, NC
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