Home Values

Preston Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$161,900

  • -10.8% 1-year change
  • None 1-year forecast

The median home value in Preston is $161,900. Preston home values have declined -10.8% over the past year. The median list price per square foot in Preston is None.

Foreclosures will be a factor impacting home values in the next several years. In Preston 15.7 homes are foreclosed (per 10,000). This is lower than the Caroline County value of 16.9 and also greater than the national value of 3.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Preston is 5.7%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Preston homeowners underwater on their mortgage is 28.9%, which is lower than Caroline County at 29.3%.

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Relative ZHVI
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Preston Market Overview

Data through May 31, 2015
  • $161,900 ZHVI
  • No data 1-yr forecast
  • No data Median listing price
  • No recent data Median sale price
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Preston Market Health

Data through May 31, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 28.9% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 5.7% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

15.7 homes(Apr 30, 2015) Preston
16.9 homes(Apr 30, 2015) Caroline County
3.5 homes United States
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Nearby Cities

Name Median ZHVI
Oxford $584,900
Easton $261,300
Cordova $224,300
Name Median ZHVI
Trappe $221,200
Ridgely $181,800
Denton $174,700
Name Median ZHVI
East New Market $160,100
Federalsburg $121,700
Hurlock $116,900

Listings & Sales

  • No data
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Preston Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,412 Preston
    $1,423 Caroline County
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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