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Innovation Quarter Home for Sale

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    $295,000

    • 3 Beds
    • 2 Baths
    • 1,300 Sq Ft

    712 N Chestnut St, Winston Salem, NC 27101

    Rare find in Downtown Winston Salem! Welcome to 712 N Chestnut Street — a beautifully updated 3BR/2BA townhome in one of Winston-Salem’s most walkable neighborhoods. Step inside to find gleaming hardwood floors, an open living area filled with natural light, and a stylish kitchen with granite countertops, stainless steel appliances, and a pass-through bar for easy entertaining.Upstairs,

    Morgan Wright Keller Williams Realty Elite

    712 N Chestnut St, Winston Salem, NC 27101

Why Live in Innovation Quarter

The small footprint of Winston-Salem’s Innovation Quarter—less than 350 acres—belies the fact that this vibrant, urban enclave is home to nearly 2 million square feet of office, lab and educational space. Not to mention the increasing number of ...

Frequently Asked Questions

Is Innovation Quarter a good place to live?
Innovation Quarter is a good place to live. Innovation Quarter is considered car-dependent and bikeable. Innovation Quarter is a suburban neighborhood. Innovation Quarter has 6 parks for recreational activities. It is fairly sparse in population with 5.3 people per acre and a median age of 36. The average household income is $106,722 which is above the national average. College graduates make up 51.5% of residents. A majority of residents in Innovation Quarter are renters, with 91.1% of residents renting and 8.9% of residents owning their home. A local real estate agent serving Innovation Quarter can help you decide if this neighborhood is the right one for you. Learn more on our Innovation Quarter neighborhood guide.
How much do you need to make to afford a house in Innovation Quarter?
The median home price in Innovation Quarter is $499,900. If you put a 20% down payment of $100,000 and had a 30-year fixed mortgage with an interest rate of 6.26%, your estimated principal and interest payment would be $2,460 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $105K a year to afford the median home price in Innovation Quarter. The average household income in Innovation Quarter is $107K.
What are the best public schools in Innovation Quarter?
The best public schools that serve Innovation Quarter are:
  • Atkins Acadmic & Technology High has an A Niche grade, a student teacher ratio of 18:1 and an average review score of 4.3.
  • Reynolds High School has a B+ Niche grade, a student teacher ratio of 18:1 and an average review score of 3.7.
  • Parkland High has a B Niche grade, a student teacher ratio of 17:1 and an average review score of 3.7.
What are the best private schools in Innovation Quarter?
The best private schools that serve Innovation Quarter are:
  • Salem Academy has an A+ Niche grade, a student teacher ratio of 3:1 and an average review score of 4.4.
  • St. Leo Catholic School has an A Niche grade, a student teacher ratio of 11:1 and an average review score of 4.3.
  • Salem Baptist Christian School has a B Niche grade, a student teacher ratio of 12:1 and an average review score of 4.2.
What are the most popular zip codes in Innovation Quarter, Winston-Salem, NC?
The most popular zip codes in Innovation Quarter, Winston-Salem, NC include 27101, 27105, 27107, 27127 and 27103.
What are the most popular neighborhoods near Innovation Quarter, Winston-Salem, NC?
The most popular neighborhoods near Innovation Quarter, Winston-Salem, NC are East Winston, South Marshall, Downtown Winston-Salem, West Salem and Wachovia Highlands.

Home Trends in Innovation Quarter, NC

Housing Trends

Median Sale Price
$507,500
Median Single Family Sale Price
$463,000
Average Price Per Sq Ft
$301
Number of Homes for Sale
1
Last 12 months Home Sales
4
Months of Supply
3.00
Median List Price
$499,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
31%
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