Preston's October First-Time Homebuyer Report

The population of Preston is growing faster than the rest of Maryland, at a 10-year growth rate of 9.3%. It's a smaller-than-average city compared to the rest of the state, with 719 residents. Preston is made up of homes that are considered relatively old with a median of 36 years. The best school in the city is Preston Elementary School.

Price Range

Some of the least expensive homes in Maryland are in Preston with a median home value of $154,300, while the list prices of available homes is currently at an average of $207,998. Home sales in the Preston market have steadily topped the monthly average for some time. However, this week the numbers came down by 33.3% to come in at two homes sold during the last 30 days.

Curious as to which homes have been getting the most attention in Preston? These listings have stirred up interest and produced the most views:

$219K   $375K   $248K  

Typical Dwelling

The typical dwelling in Preston is a three-bedroom detached home worth about $155,656. To purchase a similar home, a buyer with good credit and a $31,131 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,036 monthly payment. The property tax rate is $9.79 per $1,000 of taxable assessed value.

Get started right now by checking out Preston homes for sale or reviewing Preston real estate trends.


Data reported through 10/13/2016

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