The Real Estate Market in Kinston, North Carolina
The real estate market in Kinston, North Carolina, is a dynamic and evolving sector. With a variety of properties available for sale and a robust housing infrastructure, Kinston offers a range of opportunities for homebuyers and investors.
Home Sales
The real estate market in Kinston is active with many listings available from various real estate providers1234. For instance, a property at 409 Duggins Drive, priced at $189,900, offers 3 bedrooms and 2 bathrooms within its 1,890 sqft area5. Another property at 2114 Westwood Dr is listed for $199,900 and features 3 bedrooms and 2 bathrooms in a 1,428 sqft space6.
Housing Infrastructure
The Kinston Housing Authority (KHA) provides quality, affordable housing to the city’s residents7. The KHA administers Public Housing and Section 8 Housing Choice Vouchers (HCV) programs funded through the U.S. Department of Housing and Urban Development (HUD). They manage 641 Public Housing Units and administer 883 Housing Choice Vouchers (Project Based) and 6 open market units7.
KHA’s Public Housing program is designed to provide safe, decent, and sanitary housing conditions for very low-income families8. They manage and maintain 6 Public Housing Properties and scattered sites in the City of Kinston8.
Market Trends
In March 2023, Kinston home prices were up by 35.8% compared to the previous year, selling for a median price of $173K9. On average, homes in Kinston sell after 49 days on the market9. However, the median list price in Kinston went up by 135% from June to July according to Movoto10.
Conclusion
The real estate market in Kinston, North Carolina is diverse and vibrant. Whether you’re a first-time homebuyer or an experienced investor, there are numerous opportunities to explore. With a strong housing infrastructure managed by the Kinston Housing Authority and an active sales market, Kinston is an attractive destination for real estate investment.
