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Forsyth County, NC

Winston

RANK #354 / 996 NAT  ·  #18 / 51 NC  ·  POP 383,739

1YR FORECAST: +0.5%

5YR OUTLOOK: +27%

Forsyth County's housing market is projected to grow +0.5% over the next year, tracking near the national average.

[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] Top Employers

  1. 1
    Atrium Health Wake Forest Baptist Healthcare
    10,000+
  2. 2
    Novant Health Healthcare
  3. 3
    Winston-Salem/Forsyth County Schools Education
    5,000+
  4. 4
    Truist Finance
    2,500+
  5. 5
    Reynolds American, Inc. Manufacturing
  6. 6
    City of Winston-Salem Government
    1,000+
  7. 7
    Wake Forest University Education
  8. 8
    Forsyth County Government
  9. 9
    AT&T Technology
  10. 10
    Hanesbrands Inc. Manufacturing

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
35.3%
of residents (national avg: 33%)

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] Crime & Safety

D
SAFETY
GRADE
Homicide Rate
9.0
per 100K · nat avg 6.3
Firearm Fatalities
16.4
per 100K · nat avg 14.8
Injury Deaths
98.7
per 100K · nat avg 76.3
vs National Average
Above national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B-
AIR QUALITY
GRADE
Median AQI (3yr)
49.3
Good
Good Air Days
53%
575 of 1,095 days
Unhealthy+ Days (3yr)
11
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
48
2022
48
2023
52
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] 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.

[08] 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.

[09] Frequently Asked Questions

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

With a Boom Town Index score of 64/100, Forsyth County sits in the upper half of all 996 ranked counties. and median household income stands at $61,229 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in NC.

Is Forsyth County affordable?

Housing in Forsyth County is roughly in line with national affordability norms. The median home costs $205,700 and the income-to-home-value ratio sits at 0.30, with rents averaging $969/month. Not a bargain, but not a stretch for most local earners either.

Is Forsyth County growing or shrinking?

Forsyth County's population is growing — up +0.8% YoY — while the job market is roughly flat (employment change of -0.1%). Home values shifted +1.0% over the past year. In-migration is outpacing local hiring, which often points to remote workers or retirees driving the headcount.

Are people moving to Forsyth County?

There's a moderate stream of newcomers. About 3.23% of residents moved from another state, which is above average and suggests Forsyth County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Harnett County, NC 64 Cumberland County, NC 63 Cleveland County, NC 62 Franklin County, NC 68 Carteret County, NC 68 Nash County, NC 68 Niagara County, NY 64 Davis County, UT 63