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Preston

Preston

$1,138,310 Average Value
$347 Average Price per Sq Ft
18 Homes For Sale

Community lures top talent to Cary for Apple, SAS Institute

The story of the Preston neighborhood in Cary, North Carolina, is intertwined with two technology companies. The community was developed in the 1990s to lure talented professionals who were being recruited by local software firm SAS Institute. Then in 2021, tech giant Apple announced it will build a 3,000-employee campus just 3 miles outside of Preston. “Preston has always been popular, but it’s seen a resurgence,” says Davis Holt, a Realtor with Compass who has worked in Triangle real estate for more than a decade. “The speculation is as Apple moves in, this is where the executives will want to be.” Perched between Durham and Raleigh, Preston is a cluster of planned communities that offer high-end homes, a suburban lifestyle and well-rated public schools.

Members of Prestonwood Country Club have access to 3 golf courses in the Preston Neighborhood.
Members of Prestonwood Country Club have access to 3 golf courses in the Preston Neighborhood.
The Preston community was developed in the 1990s in Cary, NC.
The Preston community was developed in the 1990s in Cary, NC.
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Luxury homes in Preston

Built to woo executives and top-paid talent, Preston’s real estate market stands apart from what’s common in Cary. The average home value in Preston is roughly $1 million, compared to $650,000 across the town of Cary. Condos sell in the mid-$300,000s, but it’s not uncommon for single-family homes with four-plus bedrooms to cost $1 million, with some estates fetching more than $3 million. Wide yards put some distance between the houses and the winding streets, with gardens and hedges often filling the space in between. Most homes were built in the ‘90s, and that’s reflected in the common architectural styles: neocolonials and neo-eclectic houses that combine multiple styles. There’s significant demand for homes in Preston’s competitive housing market, as evidenced by a story Holt tells. “A guy wanted $1.5 million for his home, and another guy drove up and said, ‘I’ll give you $2.5 million if you’ll sell it today.’ The homeowner said, ‘Done.’”

Multiple subdivisions make up the Preston neighborhood in Cary, North Carolina.
Multiple subdivisions make up the Preston neighborhood in Cary, North Carolina.
Preston features contemporary home styles from the 1990s and later.
Preston features contemporary home styles from the 1990s and later.
Preston Park Lake a scenic spot for residents to walk or relax.
Preston Park Lake a scenic spot for residents to walk or relax.
The Preston neighborhood is a growing community with new and beautiful homes.
The Preston neighborhood is a growing community with new and beautiful homes.
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All nearby schools earn grades of A

Part of the Wake County Public School System, Preston has two public campuses nearby. One is Morrisville Elementary School, graded an A by Niche. Since 2005, Morrisville Elementary has twice been named a National Blue Ribbon School, the most prestigious recognition given by the U.S. Department of Education. Green Hope High School is the other nearby campus; the high school gets a Niche grade of A-plus. The only school that requires a bit of a drive is Alston Ridge Middle School, an A-rated school 6 miles away.

Morrisville Elementary is ranked #43 in North Carolina.
Morrisville Elementary is ranked #43 in North Carolina.
Alston Ridge Middle is a public school located in Cary, NC.
Alston Ridge Middle is a public school located in Cary, NC.
Teens in Preston may attend Green Hope High School.
Teens in Preston may attend Green Hope High School.
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Prestonwood: A highly rated Raleigh-area country club

Members of Prestonwood Country Club have access to three golf courses, 15 tennis courts and an aquatics center. Country Club Magazine named Prestonwood one of the 10 best country clubs in the Raleigh area. Those who don’t join the private club aren’t without recreation options. On the west side of Preston, the city-owned Cary Tennis Park features 32 free-to-play courts that accommodate tennis and pickleball. Just south of the neighborhood, a playground, tree identification trail and a ropes course await at Fred G. Bond Metro Park.

Members of Prestonwood Country Club can play one of Raleigh's top-rated country club courses.
Members of Prestonwood Country Club can play one of Raleigh's top-rated country club courses.
Cary Tennis Park has 32 championship courts, including one stadium court.
Cary Tennis Park has 32 championship courts, including one stadium court.
Bond Park's trails offer a tranquil place for walks.
Bond Park's trails offer a tranquil place for walks.
Bond Park includes art displays for visitors to enjoy.
Bond Park includes art displays for visitors to enjoy.
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Breakfast and bread at La Farm Bakery

A pair of shopping center on the south side of Preston house Lowes Food, the local grocery store, and a handful of eateries. Customers grab breakfast sandwiches and take home loaves of ciabatta bread from La Farm Bakery. Ramen and rice bowls are on the menu at the family-run Miso Ramen Bar across the street. Two miles up the road, another retail complex is stocked with a Target, T.J. Maxx and AMC Theatre. One amenity not in the immediate area is a hospital; the closest place for medical treatment is WakeMed Cary Hospital, 8 miles way.

Preston
Preston
Preston
Preston
Preston
Preston
Preston
Preston
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Catch a movie with fellow Preston residents

Residents who check the Preston Village Facebook page find plenty of ways to hang out with neighbors. The page promotes neighborhood events, including family-friendly movie screenings at the community picnic shelter and trunk-or-treat night in October.

Preston Village has many green spaces for play and relaxing.
Preston Village has many green spaces for play and relaxing.
Check the Preston Village Facebook page to find plenty of ways to hang out with neighbors.
Check the Preston Village Facebook page to find plenty of ways to hang out with neighbors.
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Research Triangle, other jobs hubs are nearby

Car is the primary way to get around Cary, though GoCary buses do stop along High House Road south of the neighborhood. These buses head to downtown Cary, or motorists can make the 6-mile drive themselves. Multiple employment hubs sit nearby, with Research Triangle Park 8 miles away, Raleigh 15 miles to the east and Durham 15 miles in the opposite direction.

Downtown Raleigh is 15 miles from Preston on Interstate 40.
Downtown Raleigh is 15 miles from Preston on Interstate 40.
Research Triangle Park 8 miles away from Preston.
Research Triangle Park 8 miles away from Preston.
Downtown Durham is 15 miles away from the Preston neighborhood.
Downtown Durham is 15 miles away from the Preston neighborhood.
Retail and Offices nearby
Retail and Offices nearby
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Alex Soderstrom
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Alex Soderstrom
Adam Lapallo
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Adam Lapallo

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Transit

Airport

Raleigh-Durham International

18 min drive

Bus

High House Rd & Legault Dr

Bus

High House Rd & Preston Soccer Fields

Bus

High House Rd & NW Cary Pkwy

Bus

High House Rd & Bond Park Dr (Ob)

Bus

High House Rd & Prestonwood Pkwy

Crime and Safety

1 - Low Crime, 10 - High Crime Preston US
Homicide 1 4
Sexual Assault 3 4
Assault with Weapon 1 4
Robbery 2 4
Burglary 4 4
Motor Vehicle Theft 3 4
Larceny 5 4
Crime Score 4 4

Source: WhatIsMyCrimeRisk.com

Preston Demographics and Home Trends

Housing Trends

Median List Price
$1,195,000
Median Sale Price
$1,185,000
Median Single Family Sale Price
$1,152,500
Median 2 Bedroom Sale Price
$385,000
Median Change From 1st List Price
2%
Last 12 months Home Sales
86
Median Home Sale Price YoY Change
12%
Average Price Per Sq Ft
$347

Neighborhood Facts

Number of Homes
2,104
Number of Homes for Sale
18
Median Year Built
1996
Months of Supply
2.50
Average Single Family Home Size Sq Ft
5,069
Significantly above the national average
1,926
Average Townhouse Size Sq Ft
2,576
Median Lot Size Sq Ft
14,592

Open Houses

  • Saturday, Oct 18
    3 - 5pm

    205 Benwell Ct, Cary, NC 27519

    $1,225,000

    • 4 Beds
    • 3.5 Baths
    • 3,133 Sq Ft
    • 205 Benwell Ct

    Why buy in Preston Village?If you're searching for a community with top-rated schools, spacious custom-built homes on large lots, and unmatched amenities — look no further. Preston Village in Cary, NC offers it all:*Resort-style pool, playgrounds, pond, gazebo, and walking trails*Conveniently located just minutes from RDU Airport, shopping, and dining*Access to some of the

    Agent Photo
    Azita Wilson
    Keller Williams Legacy
    (919) 364-5378
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  • Sunday, Oct 19
    12:30 - 2:30pm

    155 Grande Dr, Morrisville, NC 27560

    $565,000

    • 3 Beds
    • 2.5 Baths
    • 2,257 Sq Ft
    • 155 Grande Dr
    • New 7 days ago

    Beautifully maintained end-unit townhouse in the desirable Prestonwood community of Morrisville! This spacious 3-bedroom, 2.5-bath home offers an open-concept first floor perfect for modern living and entertaining. The kitchen features a large island, ample cabinet space, and flows seamlessly into the dining and living areas. The generous primary suite includes a walk-in closet and an ensuite

    Sophia Carter Navigate Realty

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  • Saturday, Oct 18
    1 - 3pm

    217 New Londondale Dr, Cary, NC 27513

    $1,325,000

    • 5 Beds
    • 3.5 Baths
    • 3,403 Sq Ft
    • 217 New Londondale Dr
    • New 16 days ago

    Welcome to this beautifully updated custom home featuring an open-landscape floor plan with two primary bedroom suites, located on the first and second floors, providing flexibility for your extended family and guests. With a full renovation of the first floor, many updates upstairs, and a newly landscaped backyard, this home offers exceptional indoor-outdoor living for everyone.

    Mary Ott Ott Real Estate

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Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Owners

Demographics

Total Population
7,252
Median Age
44
Population Density
5 ppl/acre
Population under 18
22.2%
On par with the national average
23.8%
Population over 65
17.6%
On par with the national average
19.1%

Finances

Median Household Income
$185,990
Significantly above the national average
$71,702
Average Household Income
$193,022

Education and Workforce

High School Graduates
98.4%
College Graduates
78.2%
Significantly above the national average
34.1%
Advanced Degrees
39.7%
Significantly above the national average
13.3%
% Population in Labor Force
75.7%

Weather

Annual Precipitation
46''
Average Winter Low Temperature
32°F
Average Summer High Temperature
90°F
Annual Snowfall
3''

Area Factors

Somewhat Bikeable

Bike Score®

44 / 100

Car-Dependent

Walk Score®

0 / 100

Minimal Transit

Transit Score®

0 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Preston
Allen Wyde
Pinnacle Realty
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