Rent To Own Homes in Prestonsburg, KY

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| 1,816 Sq. Ft.

$82,935 EMV
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Home Value Estimator For Prestonsburg, KY

There are currently 2,508 real estate properties in Prestonsburg, KY, with a median automated valuation model (AVM) price of $93,300.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Prestonsburg, KY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Prestonsburg, KY, is $112,643.00, with the most expensive house in Prestonsburg, KY, topping out at $1,054,400.00 and the cheapest home in Prestonsburg, KY, clocking in at $18,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Prestonsburg, KY!

Rent Prices In Prestonsburg, KY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Prestonsburg, KY, is on a rollercoaster ride. The average rent price in Prestonsburg, KY, is $847.00. Indeed, when looking to rent in Prestonsburg, KY, you can expect to pay as little as $410.00 or as much as $2,120.00, with the average rent median estimated to be $790.00. The good news is that finding an affordable and desirable property to rent in Prestonsburg, KY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Foreclosure Homes in Prestonsburg, KY

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Prestonsburg, KY area at Get information on foreclosure homes for rent, how to buy foreclosures in Prestonsburg, KY and much more. Save thousands at closing with home foreclosure listings in Prestonsburg, KY — up to 75% off market value!

Top Reasons To Live In Prestonsburg, KY In 2023

Prestonsburg is located in Floyd, Kentucky, with an estimated municipal population of 3,532 residents. All of the best foreclosed homes for sale in Prestonsburg are located in the following zip code areas on 41653 41602. The estimated population per square kilometer (.62 miles) in Prestonsburg is 96.

Cost Of Living In Prestonsburg, KY

So, about how much do homes cost in Prestonsburg? The most recent median value of resident-owned homes in Prestonsburg is 112,849. An estimated 48.9 percent of households in Prestonsburg own their homes, with an average family size of 2.76. The median household income in Prestonsburg is 26,563, with12.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Prestonsburg, the median commute time of resident workers (in minutes) is 16. And last, but certainly not least, are you looking for homes to rent in Prestonsburg? If so, the average rent price paid by renters in Prestonsburg is 600, according to recent statistics.

Diversity And Demographics In Prestonsburg, Kentucky

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Prestonsburg, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Prestonsburg is 33.6, split between 54.7 percent male versus 45.3 female. The percentage of residents who report being married in Prestonsburg is 37.4, with an average family size of 2.76.

The percentage of residents who report their race in Prestonsburg is as follows:

White 90.2%
Black / African American 6.8%
Asian 1%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.7%
Other 0.4%

Looking for family-friendly neighborhoods in and/or near Prestonsburg? Or maybe you are searching for 55+ active adult communities in and/or near Prestonsburg?

The percentage of residents who report their age in Prestonsburg is as follows:

Under 10 13.9%
Aged 10-19 12.4%
20s 18.4%
30s 11.4%
40s 8.9%
50s 11.1%
60s 10.3%
70s 8.5%
80+ 5.1%

Best Schools In Prestonsburg, Kentucky

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Prestonsburg with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Prestonsburg.

Pros And Cons Of Living In Prestonsburg, Kentucky

How do you know that living in -- or moving to -- Prestonsburg is right where you need to be? Perhaps you grew up in Prestonsburg or already live nearby; therefore, the decision to buy a home in Prestonsburg is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Prestonsburg for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Prestonsburg:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Prestonsburg.

Reasons To Move To Prestonsburg, Kentucky, In 2023

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Prestonsburg can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Prestonsburg, meanwhile, can field multiple offers from more qualified buyers.

Prestonsburg, KY Rent To Own Homes


Listing types in Prestonsburg, KY

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