Population 3,922 · Census ACS 2020–24
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Population and households in The Canal on Preston
Household size in The Canal on Preston
| Period | The Canal on Preston | Plano | Dallas area | Texas | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 2.00 | 2.72 | 2.83 | 2.87 | 2.68 |
| 2010–14 | 1.99 | 2.72 | 2.89 | 2.93 | 2.73 |
| 2015–19 | 2.29 | 2.79 | 2.94 | 2.95 | 2.71 |
| 2020–24 | 2.32 | 2.64 | 2.87 | 2.83 | 2.65 |
| Change | +0.31 | −0.08 | +0.03 | −0.05 | −0.03 |
The Canal on Preston is a place of small households, averaging 2.32 people against 2.65 for the U.S., which points to many singles, couples and roommates and relatively few children. Since 2006–10, household size has climbed from 2.00, but in a place this small, survey estimates can swing a lot from one release to the next.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in The Canal on Preston
| Period | The Canal on Preston | Plano | Dallas area | Texas | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 27.5 | 37.3 | 34.6 | 34.7 | 37.7 |
| 2010–14 | 31.9 | 39.2 | 35.3 | 35.4 | 38.6 |
| 2015–19 | 31.5 | 40.1 | 36.2 | 36.1 | 39.6 |
| 2020–24 | 33.2 | 41.4 | 36.7 | 36.7 | 40.1 |
| Change | +5.7 | +4.0 | +2.2 | +2.0 | +2.3 |
With a median age of just 33.2, The Canal on Preston is far younger than the country as a whole (40.1), a population that tilts toward young adults, many of them living alone or as couples.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in The Canal on Preston
| Period | The Canal on Preston | Plano | Dallas area | Texas | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 4.4% | 9.5% | 13.2% | 13.7% | 12.3% |
| 2010–14 | 5.4% | 10.6% | 13.4% | 13.7% | 12.3% |
| 2015–19 | 1.0% | 8.1% | 12.6% | 13.1% | 11.6% |
| 2020–24 | 4.3% | 8.0% | 11.6% | 12.9% | 11.6% |
| Change | −0.0 pts | −1.5 pts | −1.6 pts | −0.8 pts | −0.6 pts |
Single parents head only 4.3% of households in The Canal on Preston, well below the national share of 11.6%.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in The Canal on Preston
Renters in The Canal on Preston
| Period | The Canal on Preston | Plano | Dallas area | Texas | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 100.0% | 33.4% | 37.1% | 35.2% | 33.3% |
| 2010–14 | 97.9% | 36.8% | 39.5% | 37.3% | 35.6% |
| 2015–19 | 100.0% | 40.3% | 40.5% | 38.0% | 36.0% |
| 2020–24 | 100.0% | 42.6% | 39.9% | 37.4% | 34.8% |
| Change | ±0.0 pts | +9.3 pts | +2.8 pts | +2.3 pts | +1.5 pts |
Most households in The Canal on Preston rent: 100.0% of occupied homes are rented, far above the national share of 34.8%. Expect more apartments, and more turnover, than in owner-heavy areas. Among homeowners, 34.7% have no mortgage at all, below the national share of 39.8%.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in The Canal on Preston
| Period | The Canal on Preston | Plano | Dallas area | Texas | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 13.7% | 7.8% | 10.2% | 11.8% | 11.4% |
| 2010–14 | 9.8% | 6.1% | 8.8% | 10.9% | 11.4% |
| 2015–19 | 19.1% | 7.0% | 8.2% | 10.9% | 11.1% |
| 2020–24 | 10.0% | 5.9% | 7.2% | 9.4% | 9.6% |
| Change | −3.7 pts | −1.9 pts | −3.0 pts | −2.4 pts | −1.8 pts |
About as many homes sit empty in The Canal on Preston as nationally: 10.0%, against 9.6%. The rate is higher than in Plano overall (5.9%).
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in The Canal on Preston
| Period | The Canal on Preston | Plano | Dallas area | Texas | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 2001 | 1990 | 1984 | 1983 | 1974 |
| 2010–14 | 2003 | 1990 | 1985 | 1985 | 1975 |
| 2015–19 | 1999 | 1991 | 1987 | 1987 | 1977 |
| 2020–24 | 2009 | 1993 | 1992 | 1992 | 1980 |
| Change | +8 | +4 | +8 | +8 | +6 |
Much of the housing in The Canal on Preston is relatively new: half of its homes were built after 2009, compared with 1980 for the U.S. as a whole.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in The Canal on Preston
| Period | The Canal on Preston | Plano | Dallas area | Texas | U.S. |
|---|---|---|---|---|---|
| 2006–10 | $1,002 | $1,222 | $1,058 | $921 | $965 |
| 2010–14 | $1,223 | $1,318 | $1,135 | $1,005 | $1,040 |
| 2015–19 | $1,361 | $1,678 | $1,349 | $1,178 | $1,213 |
| 2020–24 | $1,972 | $2,130 | $1,865 | $1,560 | $1,571 |
| Change | +$970 | +$908 | +$807 | +$639 | +$606 |
The median renter in The Canal on Preston pays $1,972 a month for rent and utilities, well above the national median of $1,571. Even so, rents here are lower than in Plano as a whole ($2,130). Rent takes 25.0% of the typical renter's income, comfortably under the 30% mark often used to define affordable rent.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in The Canal on Preston
Bachelor's degrees in The Canal on Preston
| Period | The Canal on Preston | Plano | Dallas area | Texas | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 80.3% | 54.1% | 31.6% | 27.0% | 28.4% |
| 2010–14 | 67.2% | 54.1% | 32.4% | 27.9% | 29.6% |
| 2015–19 | 80.3% | 57.3% | 34.9% | 30.0% | 32.1% |
| 2020–24 | 84.5% | 60.4% | 39.5% | 34.0% | 35.6% |
| Change | +4.2 pts | +6.3 pts | +7.9 pts | +7.1 pts | +7.2 pts |
The Canal on Preston is highly educated: just over eight in ten adults 25 and older (84.5%) hold at least a bachelor's degree, far above the national share of 35.6%.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in The Canal on Preston
| Period | The Canal on Preston | Plano | Dallas area | Texas | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 99.0% | 92.4% | 83.5% | 80.7% | 84.9% |
| 2010–14 | 97.3% | 92.8% | 84.4% | 82.0% | 86.1% |
| 2015–19 | 96.6% | 93.1% | 85.4% | 83.6% | 87.7% |
| 2020–24 | 96.5% | 94.0% | 87.6% | 85.8% | 89.3% |
| Change | −2.5 pts | +1.6 pts | +4.0 pts | +5.1 pts | +4.3 pts |
High school completion is high in The Canal on Preston: 96.5% of adults 25 and older have a diploma or equivalent, well above the national rate of 89.3%.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in The Canal on Preston
| Period | The Canal on Preston | Plano | Dallas area | Texas | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 2.5% | 5.1% | 7.1% | 7.0% | 8.1% |
| 2010–14 | 8.0% | 5.9% | 7.6% | 7.7% | 9.4% |
| 2015–19 | 3.7% | 3.6% | 4.5% | 5.1% | 5.6% |
| 2020–24 | 0.9% | 4.0% | 4.6% | 5.3% | 5.4% |
| Change | −1.6 pts | −1.1 pts | −2.5 pts | −1.7 pts | −2.7 pts |
The job market in The Canal on Preston has been strong: just 0.9% of the labor force was out of work and looking, well below the national rate of 5.4%. Because the Census pools five years of responses (2020–24), these rates smooth over short swings and lag the current job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
The Canal on Preston compared with nearby neighborhoods
| Neighborhood | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| The Canal on Preston | 2.32 | 33.2 | 4.3% | 100.0% | 10.0% | 2009 | $1,972 | 84.5% | 96.5% | 0.9% |
| The Ws | 2.87 | 41.2 | 8.5% | 24.7% | 4.6% | 1981 | $2,185 | 27.8% | 91.9% | 7.4% |
| Northeast Dallas | 2.56 | 40.5 | 6.7% | 29.5% | 5.8% | 1999 | $1,799 | 59.4% | 92.7% | 2.5% |
| Craig Ranch North | 2.89 | 37.4 | 10.9% | 33.1% | 6.7% | 2006 | $2,222 | 63.7% | 96.7% | 9.0% |
| Far North Dallas-Carrollton | 2.66 | 39.5 | 14.7% | 33.0% | 5.9% | 1984 | $1,748 | 44.0% | 88.8% | 2.9% |
| Village Park | 2.56 | 40.4 | 4.1% | 33.9% | 5.9% | 2014 | $1,914 | 72.7% | 99.0% | 2.5% |
| North Central Dallas | 2.70 | 40.7 | 7.6% | 35.8% | 5.4% | 1991 | $1,841 | 45.2% | 88.4% | 4.3% |
| Far North Dallas | 2.20 | 38.2 | 9.8% | 67.1% | 8.9% | 1987 | $1,620 | 52.8% | 91.1% | 4.4% |
| Eldorado Heights | 3.22 | 39.4 | 3.2% | 12.6% | 4.8% | 1999 | $2,469 | 58.0% | 98.3% | 5.4% |
| Far North Dallas-Richardson | 2.65 | 23.8 | 18.0% | 70.9% | 8.1% | 2000 | $1,566 | 52.7% | 90.9% | 10.2% |
| Southwest Carrollton | 2.46 | 39.4 | 6.9% | 57.7% | 6.6% | 1983 | $1,851 | 40.0% | 86.6% | 1.3% |
All figures 2020–24.
Neighborhoods with similar populations: Crafton Heights, Pittsburgh, PA · Center City, Midland, MI · Urbanizacion Rexville, Bayamon, PR · Valley College, San Bernardino, CA · The Eye, Detroit, MI · Coleytown, Westport, CT · Columbia, Bellingham, WA · Cooper, Minneapolis, MN · Coronado, Richmond, CA · Terrace Hills, Mobile, AL
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up The Canal on Preston. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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