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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 $1,295,752, higher than the Washington average of $621,115.
The average cost of rent is $3,292/mo in Preston, primarily driven by the current value of real estate in the Preston area. In Preston, 2.71% of households rent, and 38.54% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Preston is $19,569 per month. Households that rent pay about 16.82% of their income on rent here. Preston’s most expensive areas are in the central 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
- Fall City, WA: less expensive homes
- Upper Preston, WA: less expensive homes
- Klahanie, WA: less expensive homes
- Snoqualmie, WA: less expensive homes
- Spring Glen, WA: less expensive homes
- Issaquah, WA: less expensive homes
- Sammamish, WA: higher priced homes
- Carnation, WA: less expensive homes
- Ellisville, WA: less expensive homes
- North Bend, WA: less expensive homes
Cities with Similar Populations
- Spring Hill, MS: less expensive homes
- Spring Hill, IA: less expensive homes
- Alverda, PA: less expensive homes
- Ames, OK: less expensive homes
- Animas, NM: less expensive homes
- Arcadia, TX: less expensive homes
- Armington, IL: less expensive homes
- Arnett, WV: less expensive homes
- Artemus, KY: less expensive homes
- Toland, PA: less expensive homes
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