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Forsyth County, NC

RANK #560 / 996  ·  POP 383,739  ·  NC

PROJECTED GROWTH: +0.5%

Forsyth County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Forsyth County?

Forsyth County, North Carolina, is distinguished by its Moravian heritage, evident in historic towns like Old Salem, which preserves 18th-century daily life with restored buildings and costumed craftspeople. Located in the Piedmont Triad region, the county seat, Winston-Salem, is approximately an hour and a half drive from Charlotte. The area features rolling hills, creeks, and streams, with the Yadkin River forming its western border. Residents have access to parks like Tanglewood Park, offering extensive outdoor recreation, including trails for hiking, biking, and horseback riding.

Life in Forsyth County offers a blend of urban amenities and natural spaces, appealing to families and professionals. The Winston-Salem/Forsyth County School System is the fourth-largest public school system in North Carolina. Commute times average under 23 minutes, with options including personal vehicles and a county-sponsored microtransit program for employment-related travel. The economy, historically tied to manufacturing, is diversifying with growth in sectors such as biomedical research, healthcare, and technology. Recent economic development initiatives aim to attract higher-skilled jobs and strengthen the commercial tax base.

[02] Market Snapshot

Housing Ratio
2.9x

Undervalued relative to economy

GDP Growth
+0.3%

Well below national median

Home Prices
+1.0%

Below national median

Climate & Terrain
-1.1

Below-average climate & terrain

Price/Rent
12x

Strong rental yield

Housing looks undervalued at 2.9x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Forsyth County U.S. National

The Numbers

DEMOGRAPHICS
Population
383,739
+0.83% YoY
Median Household Income
$61,229
Median Home Value
$205,700
+1.01% 12mo
Median Rent
$969
Average Annual Pay
$66,257
+4.3% YoY
Employment
192,587
-0.1% YoY
Income-to-Home-Value
0.2977
More affordable than average
Migration Inflow
3.23%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$305,500
Days on Market
78
Slower market
Months of Supply
3.7
Balanced market
Sale-to-List Ratio
97.6%
Negotiation room for buyers
Sold Above List
17.5%
Listings w/ Price Drops
23.7%
Building Permits (2024)
3,846
Single-Family Permits
2,540

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$2,515M
TOTAL
PROJECT AMOUNT STATUS
Transco Southeast Supply Enhancement Project (Natural Gas Pipeline)
Transcontinental Pipe Line Company (Transco)
$1,200M Under Construction
Rural Hall Data Center
Undisclosed (Proposed)
$750M Proposed
New Residential Construction (County-wide Portfolio)
Various Homebuilders
$500M Under Construction
Downtown Winston-Salem Mixed-Use Developments (Combined)
Various (Grubb Properties, Front Street Capital, Wexford Science & Technology)
$65M Completed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +0.3% 10 percentile
Population Growth +0.8% 66 percentile
Income Growth +7.7% 31 percentile
Vacancy Rate 2.0% 8 percentile
Home Price Change +1.0% 45 percentile
Rent Growth +4.2% 70 percentile
Price/Rent 12x 74 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Forsyth County, NC a good place to move to?

Forsyth County has a Boom Town Index score of 44/100, ranking #560 among 996 U.S. counties. With job growth at -0.1% and a median household income of $61,229, it faces some economic headwinds compared to faster-growing counties.

Is Forsyth County affordable?

The median home value in Forsyth County is $205,700 with median rent at $969/month. The income-to-home-value ratio is 0.2977, which is more affordable than the national average.

Is Forsyth County growing or shrinking?

Population growth: +0.8% year-over-year. Job growth: -0.1%. Home values changed +1.0% in the past 12 months.

Are people moving to Forsyth County?

Yes — 3.23% of Forsyth County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Faulkner County, AR 54 Washington County, PA 54 Westmoreland County, PA 54 Pickens County, SC 54 Franklin County, VT 54 Henrico County, VA 54 James City County, VA 54 Kanawha County, WV 54