Affordability, opportunity and diversity are what describe the residential real estate market in Kinston. There are a variety of choices ranging from unique downtown lofts, cozy neighborhoods etched in history and newly constructed family homes. This diverse housing market greatly contributes to the desire to move to Kinston, NC.
“There is something to suit everyone’s taste and price range from large single-family houses to condominiums or townhouses,” says Deborah Hood, president of the Kinston Board of Realtors. Amenities range from converted tobacco warehouse lofts with exposed brick and 14-foot ceilings to brand new homes surrounded by lush lawns.
Low Cost of Living
Because the cost of living in Kinston, NC is substantially lower than the national average housing is a greater bargain than in neighboring markets. Affordable housing is especially important to two of the area’s fast-growing segments - senior citizens and retirees. Kinston’s first gated community was planned around seniors’ values on convenience and access to services and shopping.
”Kinston, NC is one of the few markets where affordable housing is so prevalent,” Hood says. “For example, one can purchase a lovely home with over 2,500 square feet in a nice neighborhood in Kinston for well under $200,000.”
Kinston’s real estate market is dynamic, Hood says. The average price for a house in Kinston, NC is $110,018 and the home turnover percentage is 19.29 percent. The percentage of residents who have lived in Kinston a long time also attests to the great cost of living found here. Sixty-one percent of residents have lived in the same house for five years. Seventy-four percent of new Kinston residents already live in the Lenoir County area and 65% already live in NC.