Home Price Key
Affordable
Average
Expensive
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 $277,817, lower than the Connecticut average of $357,181.
The average cost of rent is $1,347/mo in Preston, primarily driven by the current value of real estate in the Preston area. While nearly 37.24% of residents own their homes outright in Preston, 10.15% rent.
Housing affordability isn’t just about home prices, though. The average household income in Preston is $8,191 per month. Households that rent pay about 16.45% of their income on rent here. Preston's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Norwich, CT: less expensive homes
- Taftville, CT: less expensive homes
- Pachaug, CT: higher priced homes
- Ledyard, CT: less expensive homes
- Glasgo, CT: less expensive homes
- Jewett City, CT: less expensive homes
- Gales Ferry, CT: equally priced homes
- Uncasville, CT: less expensive homes
- Newent, CT: equally priced 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: less expensive homes
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