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Winston-Salem vs Greensboro for Rental Property Investing

Side-by-side comparison of Winston-Salem, NC and Greensboro, NC — cap rates, rent, prices, and investment metrics.

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Winston-Salem wins 4–3 across key metrics

Winston-Salem leads on cash flow (4.42% vs 4.28% cap rate) · Greensboro leads on population growth

Metric

Winston-Salem, NC

Greensboro, NC

Est. Cap Rate

4.42%

4.28%

Median Home Price

$215,000

$230,000

Median Monthly Rent

$1,150

$1,200

1% Rule

0.53%

0.52%

GRM

15.6x

16.0x

Price / Income

4.8x

4.9x

Property Tax Rate

0.81%

0.82%

Vacancy Rate

6%

5.8%

Population Growth

0.7% / yr

0.9% / yr

Annual Appreciation

2.8%

3%

Population

253,540

302,400

Median Income

$44,600

$46,800

Winston-Salem vs Greensboro: Which Is Better for Investors?

Cash flow: Winston-Salem has the edge with an estimated cap rate of 4.42% compared to Greensboro's 4.28%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $215,000 in Winston-Salem vs $230,000 in Greensboro, while rents come in at $1,150/mo and $1,200/mo respectively.

Growth & appreciation: Greensboro is growing faster at 0.9% annually vs Winston-Salem's 0.7%. Greensboro leads on home value appreciation at 3% per year.

Costs & risk: Property taxes are 0.81% in Winston-Salem vs 0.82% in Greensboro. Vacancy rates of 6% and 5.8% are mixed — Greensboro has the tighter rental market.

Bottom line: Winston-Salem edges out Greensboro on most key metrics. While cap rates are moderate at 4.42%, Winston-Salem's overall profile is stronger. Use our free calculators to model specific deals in Winston-Salem or Greensboro.

Winston-Salem, NC

4.42% cap rate · $215,000 median · $1,150/mo

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Greensboro, NC

4.28% cap rate · $230,000 median · $1,200/mo

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