Affordable
Expensive
Expensive
Colorblind friendly
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These days, finding an affordable place to live in the Preston Park area can be challenging. Home prices in Preston Park are now at a median cost of $180,445, lower than the Roanoke average of $241,349.
The average cost of rent is $1,008/mo in Preston Park, primarily driven by the current value of real estate in the Preston Park area. In Preston Park, 43.63% of households rent, and 38.31% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Preston Park is $4,013 per month. Households that rent pay about 25.11% of their income on rent here. Preston Park’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Roundhill, Roanoke, VA: equally priced homes
- Williamson Road, Roanoke, VA: less expensive homes
- Melrose-Rugby, Roanoke, VA: less expensive homes
- Belmont, Roanoke, VA: less expensive homes
- Raleigh Court, Roanoke, VA: higher priced homes
- South Roanoke, Roanoke, VA: higher priced homes
- Colonial Avenue Area, Roanoke, VA: higher priced homes
- Kabrich Crescent, Blacksburg, VA: higher priced homes
- Hethwood-Prices Fork, Blacksburg, VA: higher priced homes
- Bedford Hills, Lynchburg, VA: higher priced homes
Neighborhoods with Similar Populations
- Houston Farms, Houston, TX: higher priced homes
- Traditions, Aurora, CO: higher priced homes
- Tijeras Arroyo, Albuquerque, NM: higher priced homes
- Surrey Lane, Bergenfield, NJ: higher priced homes
- Strawberry Hill, Cambridge, MA: higher priced homes
- La Cresta-Alta Vista, Bakersfield, CA: higher priced homes
- Knollwood, Kalamazoo, MI: less expensive homes
- Keeling, Tucson, AZ: higher priced homes
- Iroquois, Louisville, KY: less expensive homes
- University, Buffalo, NY: higher priced homes
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