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Winston-Salem, NC mortgage & affordability calculator

The typical home in Winston-Salem, NC is worth about $245,000. With 20% down that's a loan near $196,000 — the calculator is pre-filled with that figure. Winston-Salem's shift from a tobacco-and-textiles economy to biomedical research anchored by Wake Forest University has driven the fastest recent price appreciation of any major Piedmont Triad city. It remains cheaper than nearby Greensboro and well below Charlotte or Raleigh.

$1,272.56 / month

Total interest
$262,116
Total paid
$458,116
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$49k$98k$147k$196k0612182430Year

How much you need to earn

Winston-Salem, NC's median household income is about $60,000 a year. Under standard 28/36 lending rules that supports a home price around $215,086 with 20% down — below the $245,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.

$215,034 max home price

Max loan amount
$166,034
Housing payment budget
$1,400
P&I budget
$1,078
Bound by
front-end ratio

Uses the 28% front-end / 36% back-end DTI guidelines. Lenders vary.

Typical asking rent in Winston-Salem, NC is about $1,300 a month, so owning the median home costs roughly $294 more per month before tax effects, maintenance, and any change in home value.

Frequently asked questions

What is a typical mortgage payment in Winston-Salem, NC?
On the metro's roughly $245,000 typical home with 20% down, the loan is about $196,000. Principal and interest run near $1,273 a month at today's rate, and Winston-Salem, NC's property tax plus insurance add about $322, for a full payment near $1,594.
Can I afford a home in Winston-Salem, NC on the median income?
The median household income is about $60,000 a year. Under standard 28/36 lending rules that supports a home price around $215,086 with 20% down — below the $245,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Winston-Salem, NC?
Typical asking rent is about $1,300 a month. The full owner payment on a median home is near $1,594, so owning costs roughly $294 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Winston-Salem, NC?
The effective property tax rate in the core county is about 0.80% of market value — roughly $1,960 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Winston-Salem, NC rising or falling?
Home values are up about 8% over the past year. Winston-Salem's shift from a tobacco-and-textiles economy to biomedical research anchored by Wake Forest University has driven the fastest recent price appreciation of any major Piedmont Triad city. It remains cheaper than nearby Greensboro and well below Charlotte or Raleigh.

Nearby metros

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