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Affordable
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These days, finding an affordable place to live in the Preston area can be challenging. Home prices in Preston are now at a median cost of $360,985, lower than the Connecticut average of $418,901.
The average cost of rent is $1,387/mo in Preston, primarily driven by the current value of real estate in the Preston area. In Preston, 8.60% of households rent, and 37.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Preston is $9,649 per month. Households that rent pay about 14.38% of their income on rent here. Preston’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Norwich, CT: less expensive homes
- Taftville, CT: less expensive homes
- Pachaug, CT: equally priced homes
- Ledyard, CT: equally priced homes
- Glasgo, CT: equally priced homes
- Jewett City, CT: less expensive homes
- Gales Ferry, CT: less expensive homes
- Uncasville, CT: less expensive homes
- Newent, CT: less expensive homes
- Oxoboxo River, CT: less expensive homes
Cities with Similar Populations
- Crisfield, MD: less expensive homes
- South Shore, KY: less expensive homes
- Avalon, PA: less expensive homes
- Weedsport, NY: less expensive homes
- Sugarcreek, PA: less expensive homes
- New Plymouth, ID: equally priced homes
- New Holstein, WI: less expensive homes
- Montello, WI: less expensive homes
- Minersville, PA: less expensive homes
- Mineral Bluff, GA: equally priced homes
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