Winston-Salem NC Condos & Apartments For Sale - 39 Listings | Zillow (2024)

FAQs

Is Winston-Salem NC expensive to live? ›

According to C2ER (the Council for Community and Economic Research), the cost of living in Winston Salem is estimated to be 86.3% of the national average making it one of the least expensive cities in the US.

The cost of living in Winston - Salem, NC is 2% lower than the state average and 6% lower than the national average.

The Winston-Salem rental property market is becoming attractive for multiple reasons. For example, there is strong rental demand from tenants, the job market looks promising, the population is growing, and the economy is pretty dynamic.

Combined with its Southern charm, it's no wonder Winston-Salem is ranked among the top places to live in the US. According to Livability Editor-in Chief Amanda Ellis, here are the top five factors that influence moving to a new place.

Ardmore is a historic district in Winston Salem and is one of the best places to live. It boasts of Queen Anne craftsman-style architecture, which is popular amongst new buyers. In addition, the neighborhood is equipped with nature trails and Salem Lake park for all your outdoor adventures.

Whereas the Triangle and Charlotte metros require a six-figure income, Winston-Salem requires an annual salary of $81,869 for a single person to live comfortably, tying it for 11th out of the 99 metros with New Orleans and Denver. Greensboro placed at No. 30 ($87,110) and Durham landed at No. 63 ($99,050).

South Marshall. With a median home price of $366,225 and a median rent of $635, South Marshall is the most expensive neighborhood on our list. Based on the growth in home prices in South Marshall over the last 3 years, it ranks No. 1 among all the neighborhoods in Winston Salem.

Winston-Salem is a historical city primed for your perfect retirement. The city's low cost of living, tax benefits, moderate climate, culinary scene, universities, and hospitals make it an excellent choice.

The 5 largest ethnic groups in Winston-Salem, NC are White (Non-Hispanic) (44.9%), Black or African American (Non-Hispanic) (32.4%), White (Hispanic) (6.1%), Other (Hispanic) (4.83%), and Two+ (Hispanic) (4.57%).

PIEDMONT TRIAD, N.C. — Greensboro and Winston-Salem City Councils recently voted to approve the budget for the Fiscal 2023-2024 Year. Homeowners in Winston-Salem will soon pay a property tax of 66.1 cents for every $100 of value. That's an increase of 2.5 cents.

Why should I live in Winston-Salem NC? ›

It's easy to see why people like DeAngelis choose to move to Greater Winston-Salem, NC. Known as the “City of Arts and Innovation,” this northwest North Carolina region offers affordability, great job and education opportunities, a growing arts scene and delicious dining options.

According to city data, there are currently an estimated 270 encampments in Winston-Salem; preliminary numbers for Forsyth County's annual Point-In-Time count noted that there were a total of 487 people without housing.

One of the things people tell me they love Winston-Salem is that it has a terrific vibe. It's a city with fine art, which gives it a great, funky ambiance, but it still has plenty of Southern charm and hospitality.

The per capita income in Winston-Salem in 2022 was $33,279, which is upper middle income relative to North Carolina, and middle income relative to the rest of the US.

The cost of living in Winston Salem, NC is -1.3% lower than in Greensboro, NC.

Monthly electric bills are a product of how much electricity you use per month and your electric rate. In Winston Salem, NC, the average monthly electric bill for residential customers is $155/month, which is calculated by multiplying the average monthly consumption by the average electric rate: 1,419 kWh * 11 ¢/kWh.