Foreclosure Homes in Winston Salem, NC 27105

Current Market Conditions in Winston Salem, NC

The real estate market in Winston Salem is currently experiencing a surge in demand as more people are drawn to its affordable housing market combined with a robust job economy. With home prices steadily increasing, buyers are encouraged to act quickly before potential price hikes further impact affordability.

Over the past year, homes in Winston Salem have seen an average appreciation rate of around 6%, demonstrating the area's growing popularity. Additionally, the city has experienced a significant influx of residents, contributing to increased competition among buyers and a tightening inventory.

Rent Prices In Winston Salem, NC

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Winston Salem, NC, is on a rollercoaster ride. The average rent price in Winston Salem, NC, is $1,104.00. Indeed, when looking to rent in Winston Salem, NC, you can expect to pay as little as $470.00 or as much as $2,760.00, with the average rent median estimated to be $1,010.00. The good news is that finding an affordable and desirable property to rent in Winston Salem, NC -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.