Preston, CT 06365 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Preston, CT—06365

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$394,000

2.5% YoY Growth

Household Income

$109,000

44.8% YoY Growth

Days on Market

1.0% Shorter YoY

Home Price Forecast

3.8%

Median Rent

$1,700

N/A

1-Bed Rent

$1,450

N/A

2-Bed Rent

$1,700

N/A

3-Bed Rent

N/A

Home Price Trends — Preston, CT

As of Dec '25, the median home price in Preston, CT is $394,000, with a year-over-year change of 2.5%. This indicates that home prices in Preston, CT are increasing. According to Zillow, the 1-year price projection is 3.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$394,000	2.5%
Single Family	$395,000	2.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Preston, CT

Preston, CT lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	$1,700	$2,050
Studio Rent	N/A	N/A
1 Bed Rent	$1,450	$1,450
2 Bed Rent	$1,700	$1,700
3 Bed Rent	N/A	N/A
4 Bed Rent	$3,000	$3,000

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% of Rental Stock

1 Bedroom

31.7%

2 Bedrooms

6.9%

3 Bedrooms

15.2%

4 Bedrooms

40.7%

5+ Bedrooms

5.5%

Property Listings — Preston, CT

As of Dec '25, Realtor.com reports that the median days on market for a home in Preston, CT is 80. This is a increase of 27.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$432,000	-19.0%
Listing Count	14	7.0%
Listings as % of Homes	0.4%	7.0%
Days on Market	80	-1.0%

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Demographics — Preston, CT

As of the latest ACS Survey released in 2023, Preston, CT has a population of 4,780, which has increased by 2.5% over the past 5 years. Preston, CT is a moderately popular place for families, as children make up 19.8% of the population. The area has a moderately educated workforce, with 27.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	4,780	2.5%
% Under 18	19.8%	-3.4%
% Seniors	22.6%	18.3%
% WFH	9.3%	158.3%
% w/ College Degree	27.4%	16.1%

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As of the latest ACS Survey released in 2023, Preston, CT is a predominantly white area, with 92.9% of the population identifying as white. The white population has grown by 9.2% in the last 5 years. The second most common race or ethnicity in Preston, CT is hispanic, making up 3.2% of the population. Foreign-born residents account for 3.3% of the population in Preston, CT, and this percentage has decreased by 59.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	92.9%	9.2%
% Black	1.1%	37.5%
% Hispanic	3.2%	255.6%
% Asian	1.2%	-79.3%
% Foreign Born	3.3%	-59.8%

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Mortgage and Risk — Preston, CT

According to HUD data as of 2023, there were 102 mortgage originations in Preston, CT, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Preston, CT. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	102
% Conventional Loans	83.0%
% Government Loans	17.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — Preston, CT

Preston, CT lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	6
Total Units Section 8	6
% Rentals under Section 8	4.1%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$50	$1,450	$1,500
2 Bedroom	$140	$1,700	$1,840
3 Bedroom	N/A	N/A	$2,390
4 Bedroom	$80	$3,000	$3,080

Preston, CT—06365

Key Metrics at a Glance

Home Price Trends — Preston, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Preston, CT

% of Rental Stock

Property Listings — Preston, CT

Demographics — Preston, CT

Race and Ethnicity

Mortgage and Risk — Preston, CT

Mortgages

Rentals and Section 8 — Preston, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Preston, CT

Home Price to Income Ratio

Preston, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Norwich, CT

Ledyard, CT

Griswold, CT

Norwich, CT

Ledyard, CT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.9
Median Home Price	$394,000
Median Household Income	$109,000

Preston, CT—06365

Key Metrics at a Glance

Home Price Trends — Preston, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Preston, CT

% of Rental Stock

Property Listings — Preston, CT

Demographics — Preston, CT

Race and Ethnicity

Mortgage and Risk — Preston, CT

Mortgages

Rentals and Section 8 — Preston, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Preston, CT

Home Price to Income Ratio

Preston, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Norwich, CT

Ledyard, CT

Griswold, CT

Norwich, CT

Ledyard, CT

Frequently Asked Questions

What is the average home price in Preston, CT 06365?

How have home prices in Preston, CT 06365 changed over the past year?

What is the home price projection for Preston, CT 06365?

What are the demographics of Preston, CT 06365?

How long does it take homes to sell in Preston, CT 06365?

What is the average rent price in Preston, CT 06365?