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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 $296,352, lower than the Maryland average of $450,578.
The average cost of rent is $1,354/mo in Preston, primarily driven by the current value of real estate in the Preston area. In Preston, 18.18% of households rent, and 39.79% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Preston is $6,888 per month. Households that rent pay about 19.66% of their income on rent here. Preston’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Harmony, MD: higher priced homes
- Tanyard, MD: equally priced homes
- Matthews, MD: higher priced homes
- Hynson, MD: less expensive homes
- Williston, MD: higher priced homes
- Ivytown, MD: higher priced homes
- Hurlock, MD: less expensive homes
- Lewistown, MD: higher priced homes
- Concord, MD: less expensive homes
- Federalsburg, MD: less expensive homes
Cities with Similar Populations
- Mount Vernon, TX: less expensive homes
- Sherborn, MA: higher priced homes
- Blissfield, MI: less expensive homes
- Central Gardens, TX: less expensive homes
- East Kingston, NH: higher priced homes
- Morris, AL: less expensive homes
- Ranlo, NC: less expensive homes
- Warroad, MN: less expensive homes
- Tully, NY: less expensive homes
- Shrewsbury, NJ: higher priced homes
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