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Affordable
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These days, finding an affordable place to live in the Preston area can be challenging. Home prices in Preston are now at a median cost of $133,461, lower than the Illinois average of $300,242.
The average cost of rent is $866/mo in Preston, primarily driven by the current value of real estate in the Preston area. In Preston, 18.84% of households rent, and 55.89% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Preston is $4,671 per month. Households that rent pay about 18.54% of their income on rent here. Preston’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Evansville, IL: less expensive homes
- Baldwin, IL: equally priced homes
- Walsh, IL: higher priced homes
- Houston, IL: less expensive homes
- Prairie, IL: higher priced homes
- Ellis Grove, IL: equally priced homes
- Ruma, IL: equally priced homes
- Menard, IL: equally priced homes
- Sparta, IL: equally priced homes
- Modoc, IL: equally priced homes
Cities with Similar Populations
- Valley-Hi, PA: higher priced homes
- Cotesfield, NE: higher priced homes
- Covena, GA: less expensive homes
- Cowlic, AZ: equally priced homes
- Craigsville, PA: higher priced homes
- Cross Creek, FL: higher priced homes
- Cummingsville, TN: higher priced homes
- Curtis, AR: less expensive homes
- Dahlen, ND: equally priced homes
- Dalton, MO: equally priced homes
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