Mortgage payment estimates, closing cost breakdowns, and homebuying data for Winston-Salem, North Carolina.
Pre-filled with Winston-Salem median home price and North Carolina tax/insurance rates. Adjust for your property.
Estimated closing costs based on North Carolina rates and fees applied to Winston-Salem prices.
The median home price in Winston-Salem is $245,000, 28% below the North Carolina state median of $340,000. With a population of 249,545, Winston-Salem is a mid-size city where home prices tend to be more accessible than in many parts of North Carolina.
Property taxes in North Carolina average 0.78% annually. This moderate property tax rate means a $245,000 home in Winston-Salem would carry roughly $159/month in property taxes. Homeowners insurance in North Carolina runs approximately $2,300 per year. This is within the normal range nationally.
Average rent in Winston-Salem is $1,120/month. The price-to-rent ratio in Winston-Salem is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Winston-Salem offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with North Carolina's NC Home Advantage Mortgage program.