Rental numbers for Forsyth County, NC
The typical home here runs -$783 a month at 7.78% with 25% down, breaking even at about 1.6%. 0 of 11 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.4%.
- Gross yield
- 6.6%
- typical home, Zillow
- Median ZIP yield
- 7.4%
- 11 ZIPs with full data
- Cash flow
- -$783/mo
- at 7.78%, 25% down
- Typical price
- $284,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,553/mo
- Zillow ZORI, Aug 2026
ZIP codes in Forsyth County
15 with published figures
| 27101Winston-Salem | $227,000 | $1,591 | 8.4% | 4.7% | -$338 | +4.8% |
| 27105Winston-Salem | $173,000 | $1,202 | 8.3% | 4.3% | -$320 | +4.9% |
| 27040Pfafftown | $335,000 | $2,286 | 8.2% | 4.7% | -$503 | n/a |
| 27127Winston-Salem | $258,000 | $1,754 | 8.2% | 4.5% | -$412 | +3.6% |
| 27107Winston-Salem | $244,000 | $1,582 | 7.8% | 4.2% | -$464 | +4.2% |
| 27045Rural Hall | $272,000 | $1,687 | 7.4% | 4.0% | -$559 | n/a |
| 27103Winston-Salem | $279,000 | $1,691 | 7.3% | 3.6% | -$664 | +3.5% |
| 27284Kernersville | $322,000 | $1,751 | 6.5% | 3.2% | -$868 | +3.5% |
| 27051Walkertown | $268,000 | $1,400* | 6.3% | 3.0% | -$779 | n/a |
| 27009Belews Creek | $320,000 | $1,520* | 5.7% | 2.6% | -$1,024 | n/a |
| 27012Clemmons | $386,000 | $1,721 | 5.3% | 2.5% | -$1,293 | +2.8% |
| 27050Tobaccoville | $273,000 | $1,050* | 4.6% | 1.5% | -$1,121 | n/a |
| 27106Winston-Salem | $334,000 | $1,281 | 4.6% | 1.5% | -$1,382 | +3.9% |
| 27104Winston-Salem | $372,000 | $1,340 | 4.3% | 1.3% | -$1,610 | +2.5% |
| 27023Lewisville | $405,000 | $1,330* | 3.9% | 1.2% | -$1,785 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +0.6%
- Rent, 12 months
- +3.6%
- Rent minus price growth
- +3.0 pts
- Property tax
- 0.79%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $227,357 | $1,191 |
| Aug 2022 | $262,529 | $1,330 |
| Aug 2023 | $268,799 | $1,390 |
| Aug 2024 | $283,489 | $1,444 |
| Aug 2025 | $282,264 | $1,499 |
| Aug 2026 | $284,067 | $1,553 |
HUD Fair Market Rent
FY2027, Winston-Salem, NC HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,079 | $1,224 | $1,332 | $1,754 | $2,135 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 18.2
- 2,905 units, last 12 months
- National percentile
- 88th
- among US counties
Tools
Test a listing in Forsyth County against today's rate.
Open the calculatorPart of the Winston, NC metro.
Questions
- Is Forsyth County good for rental property?
- The typical home here runs -$783 a month at 7.78% with 25% down, breaking even at about 1.6%. 0 of 11 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.4%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Forsyth County?
- About 0.79% of value, from Census ACS median taxes paid over median home value. On a $284,000 home that is about $2,250 a year.
- What is Fair Market Rent in Forsyth County?
- HUD's FY2027 Fair Market Rent here is $1,224 for a 1-bedroom, $1,332 for a 2-bedroom and $1,754 for a 3-bedroom. Typical cash flow at today's rate is -$783 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.