Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Institute area can be challenging. Home prices in Institute are now at a median cost of $125,000, lower than the North Carolina average of $226,477.
The average cost of rent is $658/mo in Institute, primarily driven by the current value of real estate in the Institute area. While nearly 55.24% of residents own their homes outright in Institute, 34.22% rent.
Housing affordability isn’t just about home prices, though. The average household income in Institute is $3,419 per month. Households that rent pay about 19.24% of their income on rent here. Institute's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Fields, NC: equally priced homes
- Glenfield, NC: less expensive homes
- La Grange, NC: equally priced homes
- Snow Hill, NC: less expensive homes
- Kinston, NC: less expensive homes
- Jenny Lind, NC: less expensive homes
- Hookerton, NC: less expensive homes
- Lizzie, NC: less expensive homes
- Georgetown, NC: less expensive homes
- Parkstown, NC: higher priced homes
Cities with Similar Populations
- Foster City, MI: equally priced homes
- Gayle Mill, SC: less expensive homes
- Gassetts, VT: higher priced homes
- Garwood, MO: equally priced homes
- Gardiner, IA: higher priced homes
- Gabe, KY: less expensive homes
- Gabbs, NV: less expensive homes
- Fugates Hill, VA: equally priced homes
- Frink, FL: equally priced homes
- Frenchville, WI: higher priced homes
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