Preston, CT—06365
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Preston, CT
As of Oct '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 3.3%, 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 | $394,000 | 2.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $310,000 | 1.6% |
3 Bed | $394,000 | 2.3% |
4 Bed | $488,000 | 3.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Preston, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Preston, CT is 38. This is a increase of 16.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $456,000 | -4.0% |
Listing Count | 15 | -16.0% |
| Listings as % of Homes | 0.4% | -16.0% |
Days on Market | 38 | 16.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Preston, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $394,000 |
| Median Household Income | $109,000 |