Real Estate Investing in Winston-Salem, North Carolina (27127)

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

Forsyth County • Population: 41,450 • Data updated: September 2026

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Should you buy in 27127 (Winston-Salem, NC)? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (78/100)

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: 8.0% vacancy may signal weakening demand.

What’s happening in Winston-Salem, NC (27127)?

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3.0/ 5

Investability

Overall investment appeal

3.0/ 5

Appreciation

Long-term value growth

4.0/ 5

Cashflow ROI

Rental yield potential

Avg Home Value $259,605
Avg Monthly Rent $1,764
1% Rule ✗ Does Not Meet
Median Income $60,235
% Renters 35.8%

Market Analysis: 27127 Winston-Salem

ZIP 27127 in Winston-Salem, NC carries a significant set of headwinds. Home values near $260K and rents of $1,764/mo sit inside a market where underwriting has to be tight.

Distressed markets are won on execution, not on spreadsheets. ZIP 27127 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.

The gap between 27127 and stronger Winston-Salem ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.

Resident income in 27127 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.

Strategically, 27127 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.

Explore the Data — Click a Tab Below
🏦 Current 30-yr Fixed Mortgage Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Here's what matters if you're considering buying a home in Winston-Salem:

B Good
Buy Confidence Score: 75/100
Affordability
15/25
Appreciation
22/25
Stability
13/20
Timing
10/15
Rental backup
15/15
Affordability
Moderate
Homes cost 4.3× the median income
Value Trend
Stable (+2.9%)
How home values changed in the past year
Rental Backup
Strong
Could rent for $1,764/mo if you need to move
Market Conditions
COOL
More inventory, negotiating room for buyers
Bottom Line: Mixed signals in this market. Research specific properties carefully and be prepared to negotiate.
❄️
COOL MARKET
Winston-Salem, NC Metro Area
More inventory, negotiating room for buyers
47 days
Average time to sell
Average
11.4%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅 Market conditions as of August 29, 2026 — updated weekly from Winston-Salem, NC metro data
🏠

Property Strategy for 27127

Which property type performs best in this market?

Best for Cash Flow
1BR
6.6% cap rate
Best for Appreciation
2BR
+9.6% 5yr CAGR
Best Overall Value
5BR
$69,138/bedroom
📊 Compare All Property Types →
Type Median Value Est. Rent Cap Rate 5yr CAGR $/Bedroom
1BR $122,619 $1,120 6.6% +9.2% $122,619
2BR $168,954 $1,270 5.4% +9.6% $84,477
3BR $261,356 $1,660 4.6% +8.1% $87,119
4BR $314,240 $1,970 4.5% +7.7% $78,560
5BR $345,692 +7.1% $69,138

Market Trends

Home Value History (with trend line)

$277K$242K$207K$172K$138K$103KJul 2006Jul 2016Jul 2026

Rent History (with trend line)

$1,893$1,695$1,498$1,300$1,103$905Jul 2016Jul 2021Jul 2026

📊 How Does 27127 Compare?

Metric 27127 Winston-Salem Winston-Salem, NC North Carolina
Home Value $259,605 $67,908 N/A $330,565
5-Year CAGR 5.7% 5.2% N/A 7.8%
Avg Rent $1,764 $1,520 N/A -
Cap Rate 5.3% 4.6% - -
💡 Why Invest in 27127? Click to expand

With a 3/5 investability rating, this ZIP shows solid fundamentals for buy-and-hold investors.

A healthy rental market with 36% renter-occupied households ensures tenant availability.

📊 See where this ZIP ranks in our Best-of lists →
A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in ZIP 27127 (Winston-Salem, NC). Anonymous, moderated, never written by AI.

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Investability
Good
Cap Rate
5.3%
Fair
5yr Growth
+5.7%
Moderate

📊 Market Snapshot

Home Value $259,605
Monthly Rent $1,764
Price-to-Rent 12.3:1
1% Rule ✗ Fails

💰 Return Metrics

Gross Yield 8.2%
Cap Rate 5.3%
5-Year IRR 11.0%

📈 Home Appreciation

1-Year +2.9% ▲
3-Year CAGR +2.8% ▲
5-Year CAGR +5.7% ▲
10-Year CAGR +7.7% ▲

🏠 Rent Trends

1-Year -2.5% ▼
3-Year CAGR +2.4% ▲
5-Year CAGR +5.4% ▲
Negative Leverage — IRR / Tax Play Cap Rate: 5.3%  |  30yr Rate: 6.8%
Leverage reduces cash returns at current rates.

The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.3%). 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.

Vacancy
8.0%
Moderate risk
Landlord Climate
4.0/5
Friendly
Value Trend (5yr)
+5.7%
Stable
Eviction process: Moderate Rent control: Favorable

Demographics in 27127

Population: 41,450

💰 Median Household Income
$60,235
This area
$60,235
State
$63,256
USA
$74,580
🏠 Renter Occupied
35.8%
This area
35.8%
State
27.8%
USA
34.0%
💼 Unemployment Rate
2.9%
This area
2.9%
State
-19.3%
USA
3.7%
🎓 College Educated
27.6%
This area
27.6%
State
0.5%
USA
33.7%
👤 Median Age
35.9 years
This area
35.9 years
State
6.5 years
USA
38.9 years
🏚️ Vacancy Rate
8.0%
This area
8.0%
State
19.4%
USA
10.5%
👥 Population by Ethnicity
White 56.9%
Black/African American 24.2%
Other/Mixed 17.2%
Hispanic/Latino 14.8%
Asian 1.8%
👶 Under 18
25.5%
This area
25.5%
USA
22.0%
👴 65 and Over
13.3%
This area
13.3%
USA
17.3%
📊 Poverty Rate
10.5%
This area
10.5%
USA
11.5%

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 27127

B+ Avg School Grade
9 Schools
16.2:1 Avg Class Size
$13,994 Avg Per Pupil

Schools in This ZIP Code

A Very Good

Philo-Hill Magnet Academy

📚 06 – 08 Middle
👥
380 Students
👨‍🏫
11.0:1 Class Size
💰
$14,195 Per Student
A Very Good

Flat Rock Middle

📚 06 – 08 Middle
👥
703 Students
👨‍🏫
14.7:1 Class Size
💰
$14,195 Per Student
A Very Good

Griffith Elementary

📚 Pre-K – 05 Elementary
👥
583 Students
👨‍🏫
14.3:1 Class Size
💰
$14,195 Per Student
A Very Good

Konnoak Elementary

📚 Pre-K – 05 Elementary
👥
592 Students
👨‍🏫
14.6:1 Class Size
💰
$14,195 Per Student
A Very Good

Ward Elementary

📚 Pre-K – 05 Elementary
👥
482 Students
👨‍🏫
14.0:1 Class Size
💰
$14,195 Per Student
B Good

Friedberg Elementary

📚 Pre-K – 05 Elementary
👥
458 Students
👨‍🏫
16.5:1 Class Size
💰
$11,522 Per Student
B Good

Parkland High

📚 09 – 12 High School
👥
1,638 Students
👨‍🏫
16.7:1 Class Size
💰
$14,195 Per Student
B Good

Clemmons Middle School

📚 06 – 08 Middle
👥
1,149 Students
👨‍🏫
18.7:1 Class Size
💰
$14,195 Per Student
C+ Average

Carter G. Woodson School

📚 K – 12 K-12 Charter
👥
522 Students
👨‍🏫
24.9:1 Class Size
💰
$15,061 Per Student
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

8 Nearby 2,591 Off-Campus Students
C+
Forsyth Technical Community College
8,716 students · 3.4 mi
C
Winston Salem Barber School
36 students · 3.4 mi
B+
University of North Carolina School of the Arts
1,074 students · 4.5 mi
C
Carolina University
893 students · 4.9 mi
C
Salem College
519 students · 5.0 mi
C+
Winston-Salem State University
4,776 students · 5.6 mi
B+
Wake Forest University
9,121 students · 7.8 mi
D
Carolina Christian College
74 students · 8.8 mi

Investor Insight: With 2,591 students living off-campus nearby, this area has strong rental demand from the college population.

Frequently Asked Questions

What is the average home sale price in Winston-Salem, NC?

Winston-Salem, NC median home values land near $260K. That is reasonable territory for investors looking at $1,764/mo-per-month rentals.

What is the typical renter like in Winston-Salem, NC?

Tenant demand in Winston-Salem, NC is solid. The local workforce $1,764/mo rents across most rental classes.

What do rentals go for in Winston-Salem, NC?

Winston-Salem, NC rentals go for roughly $1,764/mo a month. That puts gross yield in solid territory relative to $260K acquisition costs.

Is Winston-Salem, NC landlord-friendly?

Landlord-friendliness in Winston-Salem, NC is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.

What is the investability score for Winston-Salem, NC?

With a 3.0/5 investability score, Winston-Salem, NC ranks as a solid market for rental property investors. Median prices of $260K and rents of $1,764/mo drive the underlying numbers.

You know 27127 now. You don’t know where it ranks.

This page stays free — all of it. What one page can’t tell you is how 27127 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.

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How 27127 ranks in Winston-Salem, NC

Every ZIP in this metro, ranked. Free.

Cash Flow → Appreciation → Affordable →
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