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Affordable Greenville, North
Carolina is Perfect Spot for Retirees in Search of Small Town
Hospitality, Excellent Health Care and Cultural Amenities
Cost of Living: Below the National Average
Engaging Greenville, tucked
in a peaceful landscape of rivers, bays and sounds in
eastern North Carolina, is a fast-growing community
(population 63,000) that welcomes newcomers, retirees
included, and exudes a warm small town ambiance combined
with the sophistication of a larger city. This is
due in part to the presence of East Carolina University,
a four year institution that adds a youthful flavor
without overwhelming the town with students.
The population here is educated and primarily white
collar, comprised of professionals and academics.
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Founded in 1771, Greenville got its start as a tobacco producer,
and its agricultural heritage is still occasionally on display; today, however, the town's economic blood comes from the
University and its highly-rated medical center. The
outstanding health care is one reason retirees choose
Greenville; its affordable housing and relatively mild weather are
others. Of the population, 16% is age 45 to 64, and 9% is
age 65 or better.
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There are wealthy areas of town,
of course, but most of the neighborhoods are leafy,
comfortable and middle class. The average
cost-of-living is roughly 5% to 10% below the national
average; contributing to this is the reasonably-priced real
estate. The City of Greenville states that the average
home price is $138,400, but our research shows it to be
closer to $175,000, still well below the national
norm. Inventory on homes less than $300,000 is
tightening, but homes above that price are not selling as
well, so there may be deals to be had in the higher price
ranges. Condos and town homes can easily be found for
less than $100,000, and very attractive three bedroom, two
bath homes with 1,500 or more square feet can be found in
the $175,000 to $200,000 range. For foreclosures
in Greenville, click
here (advertisement). Use zip code 27833. |
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This town is growing and has seen a 43% increase in population
since 1990; as a result, many new neighborhoods have been
springing up. Cypress Landing is an all-ages, gated,
master-planned golf community with a marina located about 30
minutes outside of Greenville. It has 720 single family
homes, some rather stunning, ranging in price from $280,000 to
more than $1 million dollars. Lot prices begin in the
$70s.
Cypress Glen is a continuing care retirement community with
apartments and private homes for lease; entrance fees range from
$22,000 to $120,000, depending on the type of housing
desired. Independent living monthly fees average $1,500;
assisted living monthly fees average $2,500.
Apartments for lease appear to be in plentiful supply and
reasonably priced; the average monthly rent for a one bedroom
unit is roughly $475, and for a two bedroom apartment it is
$525. There are apartments that are less.
Greenville also has thirty-four mobile home parks, which is a
lot for a town this size; none appear to be age-restricted.
Recognizing the importance of its heritage, the town has four
historic districts listed on the National Register of Historic
Places. One of the most significant districts is the College
View Historic District, a section of town adjacent to the
University that is home to many wonderful early twentieth century
examples of Craftsman, Spanish Colonial Revival, Spanish Eclectic,
Colonial Revival, Italian Renaissance Revival and Tudor Revival
architecture. Homes in these areas must adhere to strict
renovation guidelines.
Property taxes are charged at $13.18 per $1,000 of assessed
value, and homes are assessed at 100% of market value. The
annual taxes on a $200,000 home would be $2,636. There is a
$20,000 homestead exemption for those 65 and above who have annual
income of less than $19,200. The city also has an Urgent Repair
Program to help those on limited budgets who need emergency home
repairs.
Greenville,
North Carolina, Continued....
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North Carolina Retirement Active Adult
Developments in North Carolina Retirement Communities
North Carolina Real Estate Homes for Sale
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