ZIP Code · NC

ZIP 27103

Pop. 33,325·Forsyth County·123rd most expensive ZIP in North Carolina
Median rent (all units)
$1,651/mo
Year-over-Year
+4.6%
Month-over-Month
+0.8%
vs US Median
-$281
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 27103 · $1,651
More affordable than 62% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,110
1 BR
$1,210
2 BR
$1,380
3 BR
$1,800
4 BR+
$2,130
Research median
$1,380/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 27103 usually run 1.7% below trend in December and 1.6% above it in July, about $54 a month apart at today's median. Based on 10 years of data.

Compared with the peak

Rent in ZIP 27103 is at its highest level since Zillow's records here began in January 2015.

Past year vs. the rest of North Carolina

Rent in ZIP 27103 changed +4.6% over the year to September 2026. Across the 190 North Carolina ZIP codes Zillow tracks, the typical change was +2.6%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 27103 rose 48.6% while median household income rose 33.3% ($50,262 to $67,012). Rent outpaced income.

Since before the pandemic

Rent in ZIP 27103 is 52.7% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 3 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($67,012) is $1,675 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,380); a 3-bedroom is $1,800.

Rank in Winston-Salem

6th cheapest of 7 ZIP codes in Winston-Salem.

Cheaper nearby

ZIP 27104, 2 miles away, rents for 18% less ($1,347/mo), about $3,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 27103. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$19,812/yr
At $1,651/mo median
Location
StateNC
CountyForsyth County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 4.6% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+4.6% YoY, +0.8% MoM), not inventory.
Demographics

Who lives here

ZIP 27103 (Winston-Salem, NC) is roughly split between renters and owners, 45.1% of residents hold a bachelor's degree or higher.

Population
33,325
Median income
$67,012
Median age
38.7
Renters
45.4%
Age distribution
18.6%
25.8%
24.9%
12.2%
18.5%
Under 1818.6%
18–3425.8%
35–5424.9%
55–6412.2%
65+18.5%
Gender
44%
56%
Male44%
Female56%
Race & ethnicity
64.1%
14.1%
15.4%
White64.1%
Black14.1%
Hispanic15.4%
Asian2.5%
Other3.9%
Education (25+)
17.7%
29.6%
45.1%
No HS diploma7.7%
HS diploma17.7%
Some college29.6%
Bachelor's+45.1%
Housing tenure
54.6%
45.4%
Owner54.6%
Renter45.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 27103 in Winston-Salem, NC has changed in 5 years

Rent
$1,190 → $1,651
up 38.7%
Income
$53,486 → $67,012
up 25.3%
Population
35,350 → 33,325
down 5.7%
Renter share
47.2% → 45.4%
-1.8 pts
Bachelor's+
39.3% → 45.1%
+5.8 pts
Median age
37.3 → 38.7
+1.4 yrs

Across the past five years, the going rent in ZIP 27103 in Winston-Salem, NC has shifted from $1,190 to $1,651, up 38.7% since 2021. Household income in the area moved from $53,486 to $67,012 across the same window, up 25.3% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 27103 in Winston-Salem, NC losing about 2,025 residents over the five-year window, down 5.7% on net. The renter share has eased from 47.2% to 45.4%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 39.3% to 45.1% across the same window. Reading these numbers side by side helps frame whether current listings in ZIP 27103 in Winston-Salem, NC look reasonable against where the market sat half a decade ago.

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About renting in ZIP 27103

Last updated: October 17, 2026

ZIP code 27103 covers Winston-Salem, NC. The median rent here is $1,651/mo as of October 2026. A 1-bedroom rents for a median of $1,210/mo. A 2-bedroom rents for a median of $1,380/mo.

At 30% of local median household income ($67,012/yr), ZIP 27103 ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 27103?

To keep rent at or below 30% of gross income, you would need to earn at least $66,000/year (about $32/hour full-time) to afford the median rent of $1,651/mo in ZIP 27103. The local median household income is $67,012/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 27103?

Rent in ZIP 27103 has risen 4.6% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2015.

When is the cheapest time to rent in ZIP 27103?

Asking rents in ZIP 27103 are usually lowest in December, about 1.7% below their yearly trend, and highest in July, about 1.6% above it. At today's median that is a gap of roughly $54 a month. This pattern comes from 10 years of Zillow rent data.

Has rent outpaced income in ZIP 27103?

Yes. From 2019 to 2024, rent in ZIP 27103 rose 48.6% while median household income rose 33.3%, from $50,262 to $67,012. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 27103 compare to other ZIPs in North Carolina?

ZIP 27103 is in the middle among North Carolina ZIP codes for rent, ranking #123 of 230 at $1,651/mo. Over the year to September 2026, rent in ZIP 27103 changed +4.6%, against a typical +2.6% across the 190 North Carolina ZIP codes Zillow tracks.

How does ZIP 27103 compare to the rest of Winston-Salem?

At $1,651/mo, ZIP 27103 is $173 above the Winston-Salem citywide median of $1,478/mo. It is the 6th cheapest of 7 ZIP codes in Winston-Salem.
Income Affordability
30%
MODERATE

At $1,651/mo, rent takes ~30% of ZIP 27103's median household income ($67,012/yr). The standard benchmark is 30%.

ZIP 27103 30%Benchmark 30%
State income tax4.5%
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Schools nearby

Public schools near ZIP 27103 (Winston-Salem, NC)

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