The housing market in Preston, KS is relatively affordable compared to the US as a whole. The median value of homes in Preston is $51,400, which is significantly lower than the national median value of $338,100. However, home appreciation has been more significant in Preston over the past year at 12.03% compared to 8.27% nationally. This indicates that now may be an ideal time for people to buy a home in the area and take advantage of recent appreciation.
The median home cost in Preston is $51,400. Home appreciation the last 10 years has been 60.0%. Home Appreciation in Preston is up 15.4%.
Average Age of Homes
- The median age of Preston real estate is 76 years old
The Rental Market in Preston
- Renters make up 22.2% of the Preston population
- 3.4% of houses and apartments in Preston, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.