Expensive
Affordable
Affordable
Colorblind friendly
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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 $145,900, lower than the North Carolina average of $323,314.
The average cost of rent is $700/mo in Institute, primarily driven by the current value of real estate in the Institute area. In Institute, 26.86% of households rent, and 57.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Institute is $3,694 per month. Households that rent pay about 18.95% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Fields, NC: equally priced homes
- Glenfield, NC: less expensive homes
- La Grange, NC: higher priced homes
- Snow Hill, NC: less expensive homes
- Kinston, NC: less expensive homes
- Jenny Lind, NC: equally priced homes
- Hookerton, NC: less expensive homes
- Lizzie, NC: equally priced homes
- Georgetown, NC: less expensive homes
- Parkstown, NC: higher priced homes
Cities with Similar Populations
- Foster City, MI: equally priced homes
- Gayle Mill, SC: equally priced homes
- Gassetts, VT: higher priced homes
- Garwood, MO: less expensive homes
- Gardiner, IA: higher priced homes
- Gabe, KY: less expensive homes
- Gabbs, NV: less expensive homes
- Fugates Hill, VA: equally priced homes
- Frink, FL: less expensive homes
- Frenchville, WI: higher priced homes
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