Housing

Housing – Key Factor Summary

  • Broad selection of housing styles and environments on the market at any given time
  • Multiple listing service covering entire county
  • Cost of housing below state and national average
  • Average cost of housing sold in Greenville area in 2013 was $146,307
  • Average price of residential lot is roughly $45,000
  • Many speculative homes on market from $125,000 to over $400,000
  • Majority of newer subdivisions have wide streets, underground utilities, and community water
  • Moderate availability of single-family homes for rent
  • Several condominium and townhouse complexes from which to choose ($35,000 to $145,000)
  • Over 150 apartment complexes with one, two, and three bedroom units at reasonable rents
  • Many condominium and apartment complexes offer availability of pool and clubhouse
  • Nursing and rest homes are available as well as assisted living centers
  • Variety of retirement villages in and around Greenville area

A wide variety of housing is available in Pitt County. Once the decision has been made where to live, townhouse, condo, or private residence, urban neighborhood, small town, or country estate, the newcomer will be pleased at the broad selection and moderate prices. The Greenville/Pitt County area is one of the most livable communities in the United States because it offers the combination of pleasant living conditions and proven low cost of living. This is particularly true in housing. The average price of housing sold during 2013 was $146,307, based on the sale of 1,832 single family homes, condos, townhouses, and mobile homes through the Multiple Listing Service. The average price of 1,434 single family homes sold was $164,623.


Single Family Housing

There is a wide variety of single family homes available in Greenville/Pitt County with 800 to 1000 residential properties on the market at any one time. Homes are available in all price brackets. Types of architecture range from ranch to contemporary, Cape Cod, Williamsburg and traditional.

Many new homes are under construction in Pitt County. Individual prices of new construction generally range from $125,000 to over $400,000. New homes may also be custom built and there is a good representation of contractors who can provide quality construction.

There are around 375 listings of lots and acreage in MLS. Prices vary considerably depending upon the size of the lot, whether it’s wooded or cleared, and its location. An average price range for residential lots is $25,000 – 55,000. Individual builders usually have lots available in different area subdivisions.

While single family homes may be rented, the availability of homes to suit individual requirements is limited. A three bedroom home can rent from $700 to $2,000 per month depending upon location and amenities. A year’s lease and a one month’s deposit are generally required. There are a number of real estate agencies in the area which provide rental services.


Townhouses/Condominiums

At the present time there are over 175 townhouse/condominium units for sale in Pitt County. Prices vary from the mid thirties to units of $145,000 that are custom built to the individual buyers requirements. A wide variety of financing is available including shared equity, conventional, FHA and VA.


Apartments/Duplexes

There are over 150 apartment developments in the Greenville area ranging from four units to four hundred units. The large developments may have a pool and clubhouse. One, two, and three bedroom units are available. Most units are two story; some units have fireplaces and dens. Prices range from around $315 to $995 for one bedroom units, $385 to $1265 for two bedrooms, and $450 to $1200 for three bedroom units.

In recent years, there has been a boom in the construction of suite-style apartments that are designed for college students. These developments typically have two to four private bedrooms and baths with a shared kitchen and living area in each suite. Amenities usually include a clubhouse/fitness center, pool, computer/study labs, and shuttle service to campus. Rates for these units range anywhere from $275 to $925 per person depending upon the number of bedrooms and amenities provided.

Duplexes are available through various rental services provided by real estate agencies. These vary in price and range from $375 to $1,250. Condos and townhouses are also available in one to three bedroom units with prices ranging from $440 to $1,250 per month.

For rentals of apartments, duplexes, and townhomes, a year’s lease and a month’s deposit is typically required. In units where pets are acceptable, a pet deposit is also required.


Average Price of Housing Sold

1980$53,6001981$57,300
198259,600198358,500
198459,000198561,800
198665,400198767,500
198870,004198976,507
199079,596199181,296
199287,638199389,322
199490,013199596,909
1996100,304199799,723
1998111,7661999103,728
2000113,2272001121,286
2002125,0242003128,495
2004131,9172005138,466
2006148,7422007153,822
2008155,0882009147,140
2010152,7382011149,476
2012146,1952013146,307

Source: Greenville-Pitt Association of Realtors MLS figures.