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West Virginia · Census place 40156

Institute CDP, WV

Quick answer

Institute CDP has 690 residents, ranking #189 of 439 places in West Virginia. Median household income is $47,625, the median home is worth $93,000 and median gross rent runs $988 a month.

Population
690Institute CDP residents
Median household income
$47,625Past 12 months, inflation adjusted
Median home value
$93,000Owner-occupied units
Median gross rent
$988Rent plus utilities, monthly
Median age
23 yrsAll residents
Homeownership rate
77.6%Owner-occupied households

What the numbers mean in Institute CDP

Housing cost measured against local earnings.

A household earning the Institute CDP median would spend about 24.9% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.0× the median household income; nationally that ratio sits near 4.5×. Poverty affects 7.5% of residents and 77.6% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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