The typical owner-occupied home in Winston-Salem is worth about $233,800, 19% below the North Carolina median of $288,900 and 30% below the national median of $332,700. Owners pay a median $2,025 a year in property taxes, about 0.87% of their home's value, higher than the North Carolina rate of 0.66%. The median household earns $59,268 a year, so the median home costs 3.9 times the median income (4.0 times for North Carolina). 56% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.
Winston-Salem at a glance
| Winston-Salem | North Carolina | U.S. | |
|---|---|---|---|
| Median home value | $233,800 | $288,900 | $332,700 |
| Median property tax paid per year | $2,025 | $1,896 | $3,119 |
| Property tax as a share of value | 0.87% | 0.66% | 0.94% |
| Median household income | $59,268 | $72,388 | $80,734 |
| Homes lived in by their owners | 56% | 67% | 65% |
| Owner homes with a mortgage | 63% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,459 | $1,631 | $1,963 |
| Those costs as a share of the owners' income | 19.7% | 19.4% | 21.0% |
| Median rent | $1,087 | $1,228 | $1,413 |
| Rent as a share of renters' income | 30.4% | 29.5% | 30.6% |
| Median year homes were built | 1981 | 1991 | 1980 |
| Vacant homes | 10.6% | 12.5% | 10.1% |
| Population | 252,037 | 10,730,404 | 334,922,499 |
What a typical home costs per month in Winston-Salem
At this week's average 30-year rate of 7.11%, buying the median Winston-Salem home of $233,800 with 20% down costs about $1,525 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,915, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $65,364 for the 20%-down payment. That payment is 31% of the median Winston-Salem household income of $59,268; at that income and 20% down, the 28% guideline points to a home of about $212,000.
The median rent here is $1,087 a month, so owning the median home costs about $438 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $46,760 |
|---|---|
| Loan amount | $187,040 |
| Principal and interest | $1,258 |
| Property taxes (0.87% a year) | $170 |
| Homeowners insurance (our estimate, 0.5% a year) | $97 |
| PMI | $0 |
| Total per month | $1,525 |
Change the numbers in the calculator
| Down payment | $8,183 |
|---|---|
| Loan amount | $229,565 |
| Principal and interest | $1,544 |
| Property taxes (0.87% a year) | $170 |
| Homeowners insurance (our estimate, 0.5% a year) | $97 |
| FHA mortgage insurance | $103 |
| Total per month | $1,915 |
Change the numbers in the calculator
Questions about home buying in Winston-Salem
What is the median home value in Winston-Salem?
About $233,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Winston-Salem?
Homeowners pay a median $2,025 a year, which is about 0.87% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Winston-Salem?
For the median home with 20% down at 7.11%, the payment is about $1,525 a month. Keeping that under 28% of gross income takes about $65,364 a year.
More about Winston-Salem
- Mortgage Refinance in Winston-Salem
- Debt Relief in Winston-Salem
- Home Equity Loans in Winston-Salem
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data