Metro area index
Home appreciation in the Winston-Salem, NC metro area
FHFA HPI® data shows the Winston-Salem, NC metro area's all-transactions index changed +3.3% over the year to Q2 2026, versus +2.4% for North Carolina and +3.0% for the U.S. That ranks 212th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +3.3%
- 5-year change
- +54.9%
- Since Q1 1995
- +221%
- Metro rank (1 year)
- 212th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Winston-Salem, NC vs North Carolina and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Winston-Salem, NC: 320.7
- North Carolina: 376.3
- United States: 391.6
Appreciation by time window
| Window | Metro | NC | U.S. | Gap vs NC | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.3% | +2.4% | +3.0% | +0.9 pts | +0.2 pts |
| 3 years | +13.8% | +12.3% | +12.9% | +1.4 pts | +0.9 pts |
| 5 years | +54.9% | +51.4% | +41.3% | +3.5 pts | +13.6 pts |
| 10 years | +110% | +113% | +93.3% | −3.3 pts | +16.7 pts |
| Since Q1 1995 | +221% | +276% | +292% | −55.6 pts | −70.9 pts |
3-digit ZIP regions in the Winston-Salem, NC area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 271 · Winston-Salem, NC area | NC | +2.9% | +55.7% | +233% | 100% |
| 270 · Clemmons, NC area | NC | +4.4% | +54.6% | +218% | 67% |
| 272 · High Point, NC area | NC | +4.8% | +56.5% | +215% | 25% |
| 273 · Sanford, NC area | NC | +6.4% | +58.5% | +241% | 11% |
Boom, bust, and recovery in Winston-Salem, NC area
Winston-Salem, NC area's index peaked in Q1 2008, fell 10.6% to its low in Q1 2014, and regained its peak in Q2 2017, about 9.2 years after the top. Today it sits +102% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q1 2008 | Q1 2014 | -10.6% | Q2 2017 (9.2 yrs) | +102% |
| NC | Q1 2008 | Q2 2012 | -13.1% | Q4 2016 (8.8 yrs) | +109% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Winston-Salem, NC area's index has changed +44.8% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | NC after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -0.6% | -1.4% | -0.8% |
| 3 years | +9.8% | +3.6% | +2.3% | +2.8% |
| 5 years | +24.0% | +24.9% | +22.1% | +13.9% |
| 10 years | +39.1% | +51.0% | +53.4% | +39.0% |
| Since Q1 1995 | +121% | +44.8% | +70.0% | +76.8% |
If you bought in the Winston-Salem, NC area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +215% | $946,272 |
| Q2 2000 | +161% | $781,970 |
| Q2 2005 | +120% | $659,885 |
| Q2 2010 | +113% | $638,045 |
| Q2 2015 | +115% | $645,884 |
| Q2 2020 | +74.5% | $523,641 |
| Q2 2021 | +54.9% | $464,792 |
| Q2 2023 | +13.8% | $341,309 |
| Q2 2025 | +3.3% | $309,777 |
Frequently asked questions
- How much have home prices risen in the Winston-Salem, NC area?
- FHFA HPI® data for the Winston-Salem, NC metro area shows changes of +3.3% over one year, +54.9% over five years, and +110% over ten years to Q2 2026, and +221% since Q1 1995.
- Is the Winston-Salem, NC area beating the national average?
- Over the past year the metro's index moved +0.2 pts versus the U.S.; over five years the gap is +13.6 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.