Department of Numbers

Winston North Carolina Residential Rent and Rental Statistics

The median monthly gross residential rent in Winston, NC (the Winston-Salem metro area) was $716 in 2016 according to the Census ACS survey.1 Average gross rent in Winston was $725 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Winston median and average rent data will be released in September of 2018.

Data is also available below for Winston rental vacancy rates, Winston rent as a percent of median income and the fraction of renters in Winston.

Show dollars as: Nominal Real

Real Gross Rent in Winston North Carolina (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
North Carolina Median Gross Rent $839 +0.12% +7.29%
Winston, NC Median Gross Rent $716 -2.45% +3.32%

Winston, NC Real Gross Rent Trends

Median gross rent for Winston peaked in real terms in 2015 at $734 and is now $18 (2.45%) lower. Average gross rent for Winston peaked in real terms in 2015 at $743 and is now $18 (2.42%) lower.

Real Gross Rent in Winston: Winston NC Median, Winston NC Average, North Carolina Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Winston

Date US
Median
North Carolina
Median
Winston, NC
Median
Winston, NC
Average
2016 $981 $839 $716 $725
2015 $972 $838 $734 $743
2014 $942 $810 $707 $700
2013 $910 $782 $693 $676
2012 $898 $768 $680 $686
2011 $898 $768 $700 $722
2010 $912 $780 $711 $720
2009 $916 $784 $705 $704
2008 $932 $785 $700 $711
2007 $885 $761 $708 $710
2006 $895 $769 $707 $700
2005 $869 $758 $718 $687

Winston Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Winston North Carolina was 10.92% according to Census ACS data.

Rental Vacancy Rate in Winston North Carolina

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
North Carolina 6.99% -0.03% -0.47%
Winston, NC 10.92% +2.73% +1.48%

Trends in Winston, NC Rental Vacancy Rate

The rental vacancy rate in Winston peaked in 2008 at 16.05%. Since then it has fallen by 5.13% to 10.92%. Data records for this series originated in 2005. From a 2014 post peak low of 7.37%, the rental vacancy rate has increased by 3.55%.

Rental Vacancy Rate: Winston NC, North Carolina, US

Rental vacancy rate in North Carolina

Historical Rental Vacancy Rate data for Winston

Date US North Carolina Winston, NC
2016 5.89% 6.99% 10.92%
2015 5.85% 7.02% 8.19%
2014 6.32% 7.29% 7.37%
2013 6.49% 7.46% 9.44%
2012 6.77% 8.00% 8.74%
2011 7.40% 9.31% 14.08%
2010 8.17% 9.97% 15.77%
2009 8.43% 10.10% 14.49%
2008 7.86% 9.58% 16.05%
2007 7.87% 9.26% 13.62%
2006 7.70% 9.98% 15.77%
2005 7.74% 9.99% 13.17%

Rent as a Fraction of Income

Using median household income data for Winston, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Winston, median monthly gross rent as a fraction of median household income was 18.01% in 2016 according to the ACS.

Winston North Carolina Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
North Carolina 19.90% -0.84% -0.43%
Winston, NC 18.01% -1.28% -1.42%

Trends in Winston, NC Rent as a Fraction of Income

The fraction of median Winston household income required to pay median monthly gross rent peaked in 2013 (relative to the 2005 series origin) at 19.43%. Since then it has fallen by 1.42% to 18.01%.

Fraction of Income towards Rent: Winston NC, North Carolina, US

Percent of median household income going towards median monthly gross rent in Winston North Carolina

Historical Data for Annual Rent as a Fraction of Income in Winston North Carolina

Date US North Carolina Winston, NC
2016 20.43% 19.90% 18.01%
2015 20.63% 20.75% 19.29%
2014 20.89% 20.70% 19.26%
2013 20.78% 20.34% 19.43%
2012 20.65% 20.09% 19.00%
2011 20.70% 20.36% 19.23%
2010 20.50% 20.25% 18.74%
2009 20.12% 19.78% 17.01%
2008 19.00% 17.89% 16.14%
2007 18.66% 18.21% 16.84%
2006 18.90% 18.47% 16.19%
2005 18.89% 18.71% 16.99%

Renter Fraction in Winston North Carolina

You can calculate the renter fraction in Winston in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Winston as a fraction of total Winston households. In 2016 33.41% of households were renters according to Census ACS data.

Winston Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
North Carolina 35.78% -0.35% +0.04%
Winston, NC 33.41% -1.58% +1.36%

Trends in the Winston, NC Renter Fraction

The Winston household renter fraction peaked in in 2015 at 34.99% and is now 1.58% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Winston NC, North Carolina, US

Fraction of renters in Winston

History of Winston Renter Fraction

Date US North Carolina Winston, NC
2016 36.88% 35.78% 33.41%
2015 36.97% 36.13% 34.99%
2014 36.90% 35.75% 33.88%
2013 36.50% 35.74% 32.05%
2012 36.09% 34.56% 34.75%
2011 35.42% 33.49% 31.82%
2010 34.65% 32.83% 30.58%
2009 34.13% 32.81% 29.73%
2008 33.36% 31.82% 30.16%
2007 32.80% 31.70% 30.52%
2006 32.73% 31.94% 30.42%
2005 33.10% 31.81% 29.68%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.