With home price gains slowing down after years of double-digit growth and the looming prospect of rising interest rates, now is the best time to purchase a home. But these aren’t the only reasons to relocate and buy a property in the Winston-Salem area. The Twin City has attracted folks from all over the country due to its dynamic economic, booming job market, affordability, and excellent quality of life.

Following are more detailed facts about what makes Winston-Salem a great place to live:

Economy And Job Market

In 2021 alone, $296 million was invested in economic expansions and relocations, helping employment in Winston-Salem to grow higher than average among peer metros. According to the Q4 2021 report from WinstonSalem.com, 505 new jobs were added over the last year, creating an employment growth rate of 3.5%.

Affordability

One of the most appealing aspects about living in Winston-Salem is the bang people get for their buck. The median home sale price in Winston-Salem is lower than the national median sale price. According to the latest Zillow report on housing costs, the median sale price as of December 2021 for the U.S. was $372,967, while in Winston-Salem it was $321,273 for the same period.

Quality Of Life

The city is a great fit for outdoors enthusiasts as it is located between the Blue Ridge Mountains and the Atlantic Ocean. It has also been named one of the top retirement locations in the U.S. numerous times. In addition to its temperate climate, families are drawn to the Twin City because of its above-average school system.

If you’re interested in purchasing a home or refinancing your current home in Winston-Salem or the surrounding areas, give us a call! We can discuss your financial goals and discuss a loan program that might be right for you.