Thinking about moving to Winston-Salem?
You’ll be in good company. Between 2010 and 2016, more than 12,586 people have moved to Winston-Salem, an increase of 5.5%. New residents are attracted to Winston-Salem’s sense of community and love of art.
Winston-Salem is home to 242,203 Winston-Salemites. With an area of 132.4 square miles, Winston-Salem has a population density of 1,829 persons per square mile, which makes it less dense than many other cities of comparable size.
The Winston-Salem, NC Metropolitan Statistical Area boasts a population of 662,079 people, of which Winston-Salem proper’s population makes up 37%.
Affordable housing is one of best things Winston-Salem has going for it. The median home value in Winston-Salem is $124,700, -38% below the US median value, according to Zillow. The median price per square foot in Winston-Salem is $77. Over the past 5 years, home values in Winston-Salem have increased by 3%.
Renters in Winston-Salem will also have an easy time finding affordable housing. The median rent in Winston-Salem is $995 per month, which is 30% lower than the US median. Over the past year, rental rates in Winston-Salem have increased by 0.2%.
The Winston-Salem area economy is growing strong. The Winston-Salem metro area’s GDP grew by 17% between 2011 and 2016, from $24.5 billion in 2011 to $28.7 billion in 2016, a total increase of $4.2 billion. The metro area has a per capita GDP of $43,419. According to the US Census Bureau, the median household income in Winston-Salem is $44,311, 25% lower than the national median. Winston-Salem’s unemployment rate is 4.1%.