Market Overview
Home Prices in Preston Hollow, NY
The median home value in Preston Hollow, NY is $310,758 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.8% compared to a year ago and up 4.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Preston Hollow are priced24% below average. Preston Hollow is part of the Albany-Schenectady-Troy, NY metro area.
Over the past five years, Preston Hollow home values have risen by approximately37.9%, reflecting strong long-term appreciation in this market.
Price History
Preston Hollow Home Price Trend
City Comparison
Preston Hollow vs. National Median
At $310,758, homes in Preston Hollow cost 24% below the national median of $410,000. This makes Preston Hollow a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Preston Hollow?
20% Down Payment
$62,152
on $310,758
Monthly P&I
$1,621/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,059/mo
incl. taxes & insurance
Income Needed
$82,360
gross annual (30% rule)
10% Down Option
$31,076
+ PMI applies
Loan Amount (20% dn)
$248,606
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Preston Hollow, NY?
The median home value in Preston Hollow is $310,758 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.8% year-over-year.
How much have home prices changed in Preston Hollow?
Over the past year, home values in Preston Hollow have increased by 5.8%. Over five years, prices have risen approximately 37.9%.
How much do I need to earn to buy a home in Preston Hollow?
To comfortably afford the median home price of $310,758 with a 20% down payment ($62,152) at today's rates (6.8%), you'd need a gross annual income of approximately $82,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Preston Hollow compare to the national average home price?
The national median home value is approximately $410,000. At $310,758, homes in Preston Hollow are 24% below the national average.
What metro area is Preston Hollow part of?
Preston Hollow is part of the Albany-Schenectady-Troy, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.