Winston-Salem, NC · North Carolina
Forsyth County
ZIP 27104
386,740 residents2,975 permits TTM$65,541 median HHI16 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$227,800
ACS 5-Year
Cap rate proxy
6.5%
FMR × 0.65 ÷ Home Value
Rent-to-income
19.2%
HUD FMR ÷ ACS HHI
Net migration
+1.91%
IRS SOI
Permits (TTM)
2,975
Census BPS
Climate risk
91.5
FEMA NRI (0–100)
ZIP 27104
Median home value
$367,062
Gross yield
4.7%
Buy Box score
0.3
Section 8 gap
37.7%
Affordability
P/I: 5.6R/I: 24.1%
Section 8 detail
SAFMR: $1,440Rent: $1,046Gap: 37.7%
ZIP code breakdown16 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 27051 | $263,127 | $1,400 | 6.4% | 10.3% | -61.8% |
| 27105 | $169,820 | $1,100 | 7.8% | 8.5% | -8.9% |
| 27101 | $223,124 | $1,230 | 6.6% | 7.9% | -19.6% |
| 27127 | $256,657 | $1,270 | 5.9% | 7.7% | -29.4% |
| 27103 | $276,375 | $1,380 | 6.0% | 6.9% | -15.1% |
| 27284 | $318,013 | $1,350 | 5.1% | 6.4% | -25.8% |
| 27109 | $227,800county est. | $1,360 | 7.2% | 5.5% | 23.1% |
| 27110 | $227,800county est. | $1,160 | 6.1% | 5.5% | 9.8% |
| 27012 | $381,117 | $1,280 | 4.0% | 5.4% | -34.8% |
| 27050 | $266,622 | $1,050 | 4.7% | 4.7% | 0.4% |
| 27045 | $267,943 | $1,270 | 5.7% | 4.7% | 17.6% |
| 27106 | $328,051 | $1,360 | 5.0% | 4.4% | 12.1% |
| 27104 | $367,062 | $1,440 | 4.7% | 4.3% | 8.7% |
| 27009 | $311,517 | $1,520 | 5.9% | 4.0% | 31.2% |
| 27040 | $329,471 | $1,770 | 6.4% | 3.8% | 40.9% |
| 27023 | $394,882 | $1,330 | 4.0% | 3.2% | 21.4% |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
62.7%
Census ACS
Vacancy rate
10.1%
Census ACS
Bachelor's degree +
36.9%
Census ACS
Rent burdened
43.6%
Census ACS (>30% income)
Median age
38.3
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026