Magnolia Terrace

Overview

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Magnolia Terrace in Greenville, Mississippi, is a vibrant apartment community designed to serve seniors aged 62 and over. This independent living complex offers one-bedroom units that cater to residents seeking comfort and convenience. The community is located within Washington County, benefiting from the amenities and services provided by the Greenville Public Schools district.

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The apartments at Magnolia Terrace are thoughtfully designed to suit the lifestyle of seniors, featuring self-contained units that ensure privacy while fostering a sense of community. Built in 1991, the property spans three stories and includes 40 rental units. It provides an ideal environment for those who enjoy a balance of independence and support, with various amenities tailored to enhance the quality of life for its residents.

In addition to well-appointed living spaces, Magnolia Terrace facilitates a range of services that promote a fulfilling and active retirement life. The location and well-maintained facilities make it a sought-after option for senior housing in the Greenville area, providing affordable housing solutions to those in need.

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Amenities and Features

Independent living community
One-bedroom units
Self-contained apartments
Three-story building
Built-in 1991
40 rental units
Designed for seniors aged 62 and over
Affordable housing options

Magnolia Terrace Location

Address: 840 N Theobald St, Greenville, MS 38701

Phone: 662-335-6266

Website: https://mansermar.com/our-communities/magnolia-terrace//

Nearby Senior Apartments Facilities in Greenville

More Senior Apartments Listings in Greenville, MS

About Greenville, Mississippi

Greenville, a city located in the state of Mississippi (MS), is home to a population of approximately 29,495 people. Greenville boasts a median age of 38.7, with around 24.1% of its residents aged 60 or above. 4.2% of the population identifies as US Veterans. 25.8% of Greenville residents are disabled. The city has an average household income of $35,148, while the unemployment rate stands at 11.5%, and around 32.2% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Greenville is $95,283, with a monthly rent averaging $814.

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About Senior Apartments

It's not just about convenience and affordability; it's about creating a fulfilling lifestyle. Senior apartments are constructed, maintained, and updated to accommodate the 55-plus community. Often age-restricted, senior apartments are designed with accessibility in mind. One to two-bedroom units are standard as well as senior-friendly comfort and amenities. Senior apartments are great for retired adults who want to downsize but still have a social life. Apartment living is appealing to those who dislike yard work or home maintenance. It's also a great option for retired travelers who want peace of mind while away from home. Residents save money with lower expenses because they often include utilities and don't require property taxes.

Types of Senior Apartments

Affordable Senior Apartments - Retirees with low income may be eligible for cheap senior living apartments provided by government housing programs. These apartments are cheaper than usual. The eligibility to rent them depends on factors such as income, family size, and the average income in the area. Keep in mind that services or amenities in low-income senior apartments may be more limited.

Market Rate Senior Apartments - Market-rate senior apartments do not have income limits. Pricing is competitive and based on comparable housing options in the surrounding area. These apartments often come with amenities like community dining, housekeeping, and even transportation services.

Luxury Senior Apartments - Luxury apartments are generally larger, offering up to 2,000 square feet of living space, and boast a wide range of upscale amenities and community activities for their residents. Many luxury apartments are situated within gated communities. The cost of living in these apartments can be quite high, with entrance fees alone often reaching six figures.