Why Live in Preston Park
Preston Park in Roanoke, VA, is a neighborhood that combines suburban tranquility with urban convenience. Annexed from Roanoke County in 1949, it features ranch-style homes on wide, walkable streets, with yards spacious enough for outdoor activities. The neighborhood is bordered by the Roanoke-Blacksburg Regional Airport, which can contribute to some noise, but residential streets remain quiet. Williamson Road, the main commercial thoroughfare, offers a variety of businesses, including car dealerships, antique stores, and dining options like the New Yorker Deli and Basil Pizza Roanoke. For nightlife, W.R. Brews provides a casual dive bar atmosphere with pool tables. Shopping is convenient with the nearby Valley View Mall and grocery stores like Aldi and Kroger. Preston Park itself is a green space with playgrounds, sports courts, and the Preston Recreation Center, which hosts various programs and events. The Blue Hills Golf Club, a short drive away, offers an 18-hole course with scenic mountain views. The neighborhood's housing includes ranch-style, Cape Cod, and American Foursquare homes, with some split-level and Colonial Revival properties. While the local schools have mixed ratings, the area is family-oriented with activities for all ages. Preston Park is well-connected, with bus stops along Williamson Road and easy access to U.S. Interstate 81. Downtown Roanoke is just 3 miles south, making it convenient for commuting and accessing city amenities.
Frequently Asked Questions
Is Preston Park a good place to live?
Preston Park is a good place to live. Preston Park is considered car-dependent and somewhat bikeable with some transit options. Preston Park has 1 park for recreational activities. It is fairly sparse in population with 5.6 people per acre and a median age of 42. The average household income is $61,556 which is below the national average. College graduates make up 17.7% of residents. A majority of residents in Preston Park are home owners, with 38.7% of residents renting and 61.3% of residents owning their home. A
local real estate agent serving Preston Park can help you decide if this neighborhood is the right one for you. Learn more on our
Preston Park neighborhood guide.
How much do you need to make to afford a house in Preston Park?
The median home price in Preston Park is $239,500. If you put a 20% down payment of $47,900 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $1,220 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $52K a year to afford the median home price in Preston Park. The average household income in Preston Park is $62K.
What are the best public schools in Preston Park?
The best public schools that serve Preston Park are:
What are the best private schools in Preston Park?
The best private schools that serve Preston Park are:
What are the most popular zip codes in Preston Park, Roanoke, VA?
What are the most popular neighborhoods near Preston Park, Roanoke, VA?
Are home prices dropping in Preston Park?
Yes, home prices in Preston Park are down 3% in the last 12 months.
Home Trends in Preston Park, VA
On average, homes in Preston Park, Roanoke sell after 27 days on the market compared to the national average of 52 days. The median sale price for homes in Preston Park, Roanoke over the last 12 months is $240,000, consistent with the median home sale price over the previous 12 months.
Median Sale Price
$240,000
Median Single Family Sale Price
$240,000
Average Price Per Sq Ft
$159
Number of Homes for Sale
15
Last 12 months Home Sales
88
Median List Price
$239,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
0%