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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 $103,878, lower than the Virginia average of $443,089.
The average cost of rent is $875/mo in Preston, primarily driven by the current value of real estate in the Preston area. In Preston, 17.08% of households rent, and 65.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Preston is $4,460 per month. Households that rent pay about 19.62% of their income on rent here. Preston’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Fieldale, VA: equally priced homes
- Horse Pasture, VA: higher priced homes
- Koehler, VA: equally priced homes
- Stella, VA: higher priced homes
- Spencer, VA: higher priced homes
- Stanleytown, VA: higher priced homes
- Collinsville, VA: higher priced homes
- Chestnut Knob, VA: higher priced homes
- Bassett, VA: higher priced homes
- Sanville, VA: higher priced homes
Cities with Similar Populations
- Alverton, PA: higher priced homes
- Amma, WV: higher priced homes
- Attica Center, NY: higher priced homes
- Augsburg, AR: higher priced homes
- Paradise, WA: higher priced homes
- Orlando, AR: higher priced homes
- Partee, AR: higher priced homes
- Patterson Creek, WV: higher priced homes
- Peaks Mill, KY: higher priced homes
- Pecaniere, LA: higher priced homes
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