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 $98,500, lower than the West Virginia average of $138,399.
The average cost of rent is $851/mo in Institute, primarily driven by the current value of real estate in the Institute area. While nearly 80.34% of residents own their homes outright in Institute, 34.67% rent.
Housing affordability isn’t just about home prices, though. The average household income in Institute is $3,629 per month. Households that rent pay about 23.45% of their income on rent here. Institute's most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Dunbar, WV: higher priced homes
- Jefferson, WV: less expensive homes
- St. Albans, WV: higher priced homes
- Cross Lanes, WV: higher priced homes
- South Charleston, WV: higher priced homes
- Nitro, WV: higher priced homes
- Upper Falls, WV: higher priced homes
- Tornado, WV: equally priced homes
- Poca, WV: higher priced homes
- Charleston, WV: higher priced homes
Cities with Similar Populations
- Grand Canyon, AZ: higher priced homes
- Stonewall, KY: higher priced homes
- Spring Seat, TX: higher priced homes
- Hurricane Grove, AR: equally priced homes
- Gypsum, OH: higher priced homes
- Gulledge, AR: equally priced homes
- Grissettown, NC: higher priced homes
- Greenfield, NM: equally priced homes
- Green, KS: higher priced homes
- Green Hill, WV: higher priced homes
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