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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 $224,684, lower than the Texas average of $322,096.
The average cost of rent is $1,175/mo in Preston, primarily driven by the current value of real estate in the Preston area. In Preston, 21.48% of households rent, and 52.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Preston is $4,701 per month. Households that rent pay about 24.99% of their income on rent here. Preston’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Pottsboro, TX: higher priced homes
- Cartwright, OK: less expensive homes
- Shay, OK: less expensive homes
- Sherman Junction, TX: higher priced homes
- Kingston, OK: less expensive homes
- Willis, OK: less expensive homes
- Locust, TX: higher priced homes
- Sherwood Shores, TX: less expensive homes
- New Woodville, OK: less expensive homes
- Platter, OK: less expensive homes
Cities with Similar Populations
- Sanders, AZ: less expensive homes
- Mc Gaheysville, VA: higher priced homes
- Abrams, WI: higher priced homes
- Mesopotamia, OH: equally priced homes
- Nickelsville, VA: less expensive homes
- Plainville, KS: less expensive homes
- Pleasant Hill, OH: higher priced homes
- Pocahontas, IA: less expensive homes
- Pocahontas, IL: less expensive homes
- Prosperity, WV: less expensive homes
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