Why Live in Knollwood-Hanestown
Knollwood-Hanestown in Winston-Salem is a neighborhood known for its convenient location just 4 miles from downtown via U.S. Route 421 South. The area is bisected by U.S. Route 158, providing easy access to local highways and amenities. The neighborhood features a variety of home styles, including brick ranch homes, Cape Cods, and split-levels, with lot sizes starting at ¼-acre and increasing closer to downtown. Most homes have garages and are situated on tree-lined streets. Students in the area can attend highly rated schools such as Whitaker Elementary School and RJ Reynolds High School, which boasts an award-winning arts magnet program.
Residents enjoy proximity to several shopping and dining options, including Publix, Harris Teeter, Food Lion, and Trader Joe's, all within a 2-mile drive. Hanes Mall, the only indoor mall in Winston-Salem, is just 1.4 miles away and features popular stores like Belk, Dillard's, Macy's, JCPenney, and Old Navy. Local dining includes The Loop Restaurant, known for its burgers, pizza, and milkshakes, and a more extensive selection of 75 restaurants and 30 bars and breweries downtown. For recreation, Miller Park is a 1-mile drive and offers bocce courts, picnic shelters, playgrounds, and more. Golf enthusiasts can visit Heather Hills Golf Course, 3.2 miles away.
Winston-Salem, a city rich in history and culture, is home to acclaimed universities and a renowned culinary scene. While public transportation options are limited, most residents rely on their cars. Piedmont Triad International Airport is a 28-mile drive via I-40 E.
Frequently Asked Questions
Is Knollwood-Hanestown a good place to live?
Knollwood-Hanestown is a good place to live. Knollwood-Hanestown is considered somewhat walkable and somewhat bikeable. Knollwood-Hanestown is a suburban neighborhood. Knollwood-Hanestown has 6 parks for recreational activities. It is sparse in population with 2.1 people per acre and a median age of 43. The average household income is $77,352 which is below the national average. College graduates make up 53% of residents. A majority of residents in Knollwood-Hanestown are home owners, with 42.2% of residents renting and 57.8% of residents owning their home. A
local real estate agent serving Knollwood-Hanestown can help you decide if this neighborhood is the right one for you. Learn more on our
Knollwood-Hanestown neighborhood guide.
How much do you need to make to afford a house in Knollwood-Hanestown?
The median home price in Knollwood-Hanestown is $304,450. If you put a 20% down payment of $60,900 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $1,550 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $66K a year to afford the median home price in Knollwood-Hanestown. The average household income in Knollwood-Hanestown is $77K.
What are the best public schools in Knollwood-Hanestown?
The best public schools that serve Knollwood-Hanestown are:
What are the best private schools in Knollwood-Hanestown?
The best private schools that serve Knollwood-Hanestown are:
What are the most popular zip codes in Knollwood-Hanestown, Winston-Salem, NC?
What are the most popular neighborhoods near Knollwood-Hanestown, Winston-Salem, NC?
Are home prices dropping in Knollwood-Hanestown?
Yes, home prices in Knollwood-Hanestown are down 9% in the last 12 months.
Home Trends in Knollwood-Hanestown, NC
On average, homes in Knollwood-Hanestown, Winston-Salem sell after 37 days on the market compared to the national average of 52 days. The median sale price for homes in Knollwood-Hanestown, Winston-Salem over the last 12 months is $292,000, down 7% from the median home sale price over the previous 12 months.
Median Sale Price
$292,000
Median Single Family Sale Price
$292,000
Average Price Per Sq Ft
$189
Number of Homes for Sale
5
Last 12 months Home Sales
17
Median List Price
$304,450
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-7%
