Rent to own Homes in Winston-Salem, NC
Winston-Salem may be the fifth largest city in North Carolina, but as locals will tell you, it still has something of a small town atmosphere. It continues to cherish its historic landmarks, such as Old Salem, an authentic 18th century Moravian village similar to Colonial Williamsburg, yet it also represents the best of the bustling, modern South. Home to Wake Forest University, Winston-Salem is also the town where Wachovia Bank and Krispy Kreme Doughnuts got their start. Recently, however, this ultra-modern city has become a center for high-tech and bio-tech companies, as well as the medical research industry. If you're looking for somewhere to rent or own, Winston-Salem may be just the right place for you.
Winston-Salem, NC is a great place for affordable rent-to-own homes! With a median household income of over $47,269 and a median rent of $827, the Winston-Salem, NC rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Winston-Salem, NC. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Winston-Salem, NC Property Resources
Rent to own Homes in Cities Near Winston-Salem, NC
- Advance
- Ararat
- Belews Creek
- Bermuda Run
- Bethania
- Clemmons
- Colfax
- Danbury
- East Bend
- Farmington
- Germanton
- Greensboro
- High Point
- Hillsdale
- Kernersville
- King
- Lawsonville
- Lewisville
- Lexington
- Linwood
- Madison
- Midway
- Mocksville
- Oak Ridge
- Pfafftown
- Pilot Mountain
- Pine Hall
- Pinnacle
- Rural Hall
- Sandy Ridge
- Siloam
- Smithtown
- Stokesdale
- Summerfield
- Thomasville
- Tobaccoville
- Tyro
- Walkertown
- Wallburg
- Walnut Cove
- Welcome
- Westfield
- Winston-Salem
- Yadkin College
- Yadkinville
Neighborhoods in Winston-Salem, NC
McGregor Park rent to own homes Greenbrier Farms rent to own homes Salem Woods rent to own homes Swink Acres rent to own homes Cross Winds rent to own homes British Woods rent to own homes Winsor Place rent to own homes Chadwyck rent to own homes McGregor Downs rent to own homes Stratford Manor rent to own homesBuying a Home in Winston-Salem, NC
Winston-Salem, NC is seeing rapid growth and Winston-Salem, NC's' housing market remains optimal with an average home price that is -30% below the 2024 national average. Winston-Salem, NC is part of Forsyth county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Forsyth is 0.95% which is below the national average, which is 0.99%.
Median Home Price in Winston-Salem, NC
Median Rent in Winston-Salem, NC
Top Reasons to Live in Winston-Salem NC
Housing Statistics The median sale price of a home in Winston-Salem is $145,600, which marks a 7.4% increase over prices from last year. These housing statistics include rent to own homes, as well as houses and condominiums for sale or for rent:
Winston-Salem School System As the fourth-largest school system in the state, the Winston-Salem/Forsyth County School System (WS/FCS) has 79 schools under its jurisdiction, including 42 elementary schools, 13 middle schools and 14 high schools. More than 53,400 students attend these schools each year. The school year typically begins around August 27 and ends around June 10.
Winston-Salem Arts and Culture Winston-Salem prides itself on a thriving arts and culture scene. According to the Winston-Salem/Forsythe County Arts Council, more than 100 cultural events take place every month in the city. The Winston-Salem Symphony Orchestra offers a full season of classical concerts featuring internationally-acclaimed artists. It also offers a series of pops concerts, as well as a roster of special concerts just for kids. The Winston Salem Festival Ballet offers an always-eclectic season of ballet and dance performances, ranging from classics such as "Sleeping Beauty" to modern dance/theater performances such as "Dracula." There's also a year-round school for everything from ballet and jazz to contemporary, hip hop and tap dancing. Winston Salem offers a Summer Music Series that includes performances from popular local and regional musicians. You'll hear everything from Latin and rockabilly to blues and honky-tonk, as well as Motown and beach sounds and rock tributes galore. As part of the Winston Salem Downtown Arts District Association, this popular downtown gallery is run by local artists who display their own works to the public. In addition to its regular daily exhibiting hours, it also hosts gallery opening and artist receptions throughout the year.
Local Shopping One of the most popular shopping destinations in Winston-Salem is the Thruway Center, which boasts more than 45 merchants. It also has a wide selection of restaurants and fast food stands. Another popular shopping center is Hanes Mall, which features approximately 199 retailers, restaurants and fast food vendors. It offers many big name favorites, all in a huge, attractive enclosed area that also includes a big playroom for the kids.
Winston-Salem Neighborhoods In a city this unique, you might need help finding the right spot to live. Here are some Winston-Salem neighborhoods you should know about: