Counties / North Carolina / Forsyth County

Forsyth County, NC

FIPS 37067 · population 389,977 · part of Winston, NC

$289k
Zillow home value · 2026-06
The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$289k
▲ 1.1% year over year
Zillow ZHVI · direct
Median asking rent
$1,579
▲ 2.3% year over year
Zillow ZORI · direct
Gross yield
6.6%
annual rent ÷ price, before costs
derived: rent × 12 ÷ price ✓
HUD 2-bed standard
$1,232
market rent is 1.28x the standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

Both annual signals move in the same direction
FHFA five-year cumulative+62.3%not annualized · through 2025
0%ZILLOW ZHVI2026-06+1.1%FHFA HPI2025+3.5%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-07-28.
Owner-reported value$250k
Surveyed gross rent$1,098
Rent burden 30%+49.1%
Median year built1984
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
8.9%vacant
175,631estimated housing units
Occupied tenure36.4% renter
owner 63.6%renter 36.4%
Structure mix71.0% single-family
Single-family 71.0%20+ units 7.2%Mobile home 3.3%Other 18.4%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs190,284▼ 1.2% from the prior annual release
Covered establishments11,426annual average reporting locations
Average weekly wage$1,341▲ 5.3% from the prior annual release
Largest private supersectorEducation and health services30.0% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS−1.2%WEEKLY WAGE+5.3%Education and health services30.0%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2025 vs 2024 · pulled 2026-07-31. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

County brief

What the local evidence says

01Decision frame

Forsyth County presents a positive income screen alongside a softer listing-market and contested appreciation signal. Zillow's 2026-06 county observation puts median home value at $289,089, with price growth of 1.06%; FHFA's separate 2025 repeat-transaction index rose 3.54%. These vintages and methods should not be averaged, and FHFA is an index rather than a home value. A yield-focused investor should investigate rent durability and exit liquidity; an appreciation-dependent buyer should be cautious.

02Housing economics

Measured market rent is $1,579 per month, up 2.34%, producing a published 6.55% gross yield before costs. HUD's two-bedroom FMR is $1,232, but that is a payment standard, not asking rent; the record does not make it a substitute for market rent. The tax rate is 0.79%, with median annual tax of $1,984. Missing insurance, maintenance, vacancy, management, financing and property-level rent evidence prevent a net-yield or cash-flow conclusion.

03Demand & competition

Realtor.com MLS evidence—using the same supplied period as Zillow—shows median listing price down 5.74% year over year, active listings up 24.65%, and median marketing time at 51 days. Those are asking-price, visible-supply and marketing measures, not closed-sale prices or proof of demand. Net migration was 531 households, but average AGI was $3,243 lower for inbound than outbound movers, weakening the headcount signal. Non-occupant purchase mortgages were 8% of 4,640 purchases, suggesting participation without evidence of dominant competition.

04Risk & next checks

QCEW's 2025 annual covered-workplace data show employment down while average weekly wages rose; education and health services is the largest disclosed private supersector, not the county's whole economy. The modeled annual climate loss is 0.12% of building value, and inland flood is the dominant hazard. Parcel flood zone, elevation, drainage, insurance quote and deductible are missing. Closed-sale comps, lease-level rent, operating statements, debt terms, turnover and building condition are also absent; those gaps prevent validating value, flood-adjusted costs or all-in return. Check those items before relying on the gross yield.

Cities & communities

Where people live within Forsyth County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Winston-Salem city252KHigh Point city*116.2KKernersville town*27.8KClemmons village21.9KLewisville town13.8KKing city*7.4KWalkertown town5.9KRural Hall town3.5K
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

11 Census places

Population
  1. 01
    Winston-Salem cityIncorporated place
    252,037
  2. 02
    High Point cityIncorporated place · spans 4 counties
    116,245
  3. 03
    Kernersville townIncorporated place · spans 2 counties
    27,830
  4. 04
    Clemmons villageIncorporated place
    21,871
  5. 05
    Lewisville townIncorporated place
    13,828
  6. 06
    King cityIncorporated place · spans 2 counties
    7,408
  7. 07
    Walkertown townIncorporated place
    5,873
  8. 08
    Rural Hall townIncorporated place
    3,466
  9. 09
    Tobaccoville villageIncorporated place · spans 2 counties
    2,664
  10. 10
    Germanton CDPCensus-designated place · spans 2 counties
    1,087
  11. 11
    Bethania townIncorporated place
    443

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.124% of building value expected lost per year

Effective property tax0.79%

$1,984 median annual bill

02
DemandIRS SOI household flows
Net migration+531

10,911 in · 10,380 out

Arriving vs leaving income−$3,243

$64,955 arriving · $68,198 leaving

03
CompetitionHMDA financed purchases
Purchases by investors8.0%

371 of 4,640 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings1,156▲ 24.6% year over year
Median days on market51▲ 14.6% year over year
Listings price-reduced21.6%seller-concession signal
Median listing pricen/a▼ 5.7% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

Same metro

The other counties in Winston, NC

A metro is an average of these. Which side of a county line a property sits on can change the tax bill, the hazard profile and the tenant pool.

CountyPopulationPriceRentYieldHazard
Forsyth County389,977$289k$1,5796.6%inland flooding
Davidson County172,954$280k$1,4006.0%inland flooding
Stokes County45,139$269kn/an/ainland flooding
Davie County44,122$329k$1,5485.7%inland flooding
Yadkin County37,574$245kn/an/ainland flooding
Bear case

What can break the county thesis

  1. Gross yield may overstate investable return because property-level rent, vacancy, operating and financing costs are missing.
  2. The MLS signal may not support the assumed exit price because asking prices, more listings and longer marketing time lack closed-sale confirmation.
  3. Inland-flood exposure may create unpriced insurance, deductible, repair or resale constraints because parcel data are missing.
Underwriting questions

Before pricing a property

Is the HUD two-bedroom FMR a market-rent estimate?

No. It is a payment standard; the record separately publishes median asking rent.

What does FHFA HPI measure?

A repeat-transaction appreciation index, not a dollar home value; its annual observation is separate from Zillow's county measure.

What does QCEW employment measure?

Annual average covered jobs located at workplaces in the county, not resident employment or unemployment.