Category: Retirement

September 6th, 2018 by newbernpostadmin

Map from Realtor.com identifying the most affordable retirement towns in the nation.

Realtor.com listed New Bern as the fourth least expensive retirement town in the nation.

With a median home list price of $209,800 and a share of residents aged 60 and up at 26.8 percent, New Bern ranked fourth after  Sebring, Fla., Sierra Vista, Ariz., and Ocala, Fla.

“Not everyone wants to retire on the ocean, especially in the wake of last year’s devastating Hurricanes Harvey and Irma,” the website said. “For the well-known town of New Bern, located along Neuse River, this has actually worked to its advantage.

“‘People are scared of hurricanes and don’t want to be on the beach,’ says Steve Tyson, a broker in New Bern. New Bern is close enough for a day trip to the shore, but just far enough away for when storms roll through. And retirees like that New Bern isn’t packed with tourists either, despite its historical chops. (Fun fact: This is the original state capital of North Carolina, not Raleigh.)

“Folks here are pleasantly surprised to learn that their 2,500-square-foot home will have a property tax bill of only around $2,500—a bargain compared with what they were paying up north.

“In addition to all the outdoorsy opportunities, many boomers are lured to the area by the commercial airport in town. The Coastal Regional Airport  has direct flights to Atlanta and Charlotte—something many small retirement towns can’t say.”

The most expensive retirement town? San Luis Obispo, Calif., where a median home list price is $729,600.

The full article can be found here.

Posted in Economy, Economy and Employment, Housing, New Bern, Retirement

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