48 / 100

Forsyth County, NC

RANK #513 / 1001 NAT  ·  #32 / 51 NC  ·  POP 389,977

1YR FORECAST: +0.0%

5YR OUTLOOK: +28%

Forsyth County's housing market is projected to grow +0.0% over the next year, below 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.

MARKET PROFILE
LEANS TOWARD

Secondary Market Surge

Forsyth County is one of 35 U.S. counties in this market profile — weaker than typical on the BoomTown Index. Within this cohort, its recent home-price change of +1.5% matches the profile's typical +1.4%.

See all 35 Secondary Market Surge counties →

[02] Market Snapshot

Housing Ratio
7.4x

Overvalued relative to economy

Home Prices
+1.5%

Below national median

Climate & Terrain
-1.1

Below-average climate & terrain

Price/Rent
14x

Below national median (15x)

Housing looks overvalued at 7.4x — home prices are high 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

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
389,977
+0.84% YoY
Median Household Income
$67,165
Median Home Value
$250,400
+1.49% 12mo
Median Rent
$1,098
Average Annual Pay
$69,735
+5.2% YoY
Employment
190,284
-1.2% YoY
Income-to-Home-Value
0.2682
More affordable than average
Migration Inflow
3.64%
of pop. from another state
Bachelor's Degree+
38.5%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$315,000
Days on Market
35
Active market
Months of Supply
3.0
Balanced market
Sale-to-List Ratio
98.8%
Near asking price
Sold Above List
26.3%
Listings w/ Price Drops
31.5%
Building Permits (2025)
2,875
Single-Family Permits
2,863

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

Population Growth +0.8% 60 percentile
Income Growth +2.5% 42 percentile
Vacancy Rate 1.6% 14 percentile
Home Price Change +1.5% 47 percentile
Rent Growth +4.0% 68 percentile
Price/Rent 14x 70 percentile

Bars show percentile rank among all 1001 counties.

[09] Frequently Asked Questions

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

Forsyth County scores 48/100 on the Boom Town Index, landing in the middle of the pack among 1001 U.S. counties (#513). Median household income is $67,165 and job growth is running at -1.2%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Forsyth County affordable?

Housing in Forsyth County is roughly in line with national affordability norms. The median home costs $250,400 and the income-to-home-value ratio sits at 0.27, with rents averaging $1,098/month. Not a bargain, but not a stretch for most local earners either.

Is Forsyth County growing or shrinking?

Forsyth County is attracting residents (population +0.8% YoY) even as the job market softens with employment at -1.2%. Housing values changed +1.5% over the past 12 months. People may be moving here for affordability or lifestyle reasons rather than job opportunities.

Are people moving to Forsyth County?

There's a moderate stream of newcomers. About 3.64% 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

Cumberland County, NC 48 Alamance County, NC 50 Rowan County, NC 50 Brunswick County, NC 46 Gaston County, NC 52 Haywood County, NC 44 Anoka County, MN 48 Spartanburg County, SC 48