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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 $231,656, lower than the Minnesota average of $345,793.
The average cost of rent is $854/mo in Preston, primarily driven by the current value of real estate in the Preston area. In Preston, 24.34% of households rent, and 45.76% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Preston is $6,373 per month. Households that rent pay about 13.39% of their income on rent here. Preston’s most expensive areas are in the western regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Fountain, MN: higher priced homes
- Henrytown, MN: equally priced homes
- Lanesboro, MN: equally priced homes
- Greenleafton, MN: higher priced homes
- Harmony, MN: less expensive homes
- Wykoff, MN: higher priced homes
- Whalan, MN: higher priced homes
- Canton, MN: less expensive homes
- Lenora, MN: less expensive homes
- Troy, MN: higher priced homes
Cities with Similar Populations
- Washington, TX: higher priced homes
- Fort Ripley, MN: higher priced homes
- Francesville, IN: less expensive homes
- Garyville, LA: less expensive homes
- Geraldine, AL: less expensive homes
- Stewartsville, MO: less expensive homes
- Underwood, IN: equally priced homes
- Upper Brookville, NY: higher priced homes
- Warthen, GA: less expensive homes
- Andover, NH: higher priced homes
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