Preston, ID—83263
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Preston, ID
As of Oct '25, the median home price in Preston, ID is $424,000, with a year-over-year change of 0.9%. This indicates that home prices in Preston, ID are flat. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $424,000 | 0.9% |
| Single Family | $424,000 | 1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $324,000 | 2.2% |
3 Bed | $395,000 | 0.8% |
4 Bed | $455,000 | 1.8% |
| 5 Bed | $552,000 | 2.4% |
% of Housing Stock
Rental Trends — Preston, ID
As of July '25, Rentcast reports the average rent in Preston, ID is $1,380, with a year-over-year rent change of 10.4%. Per bedroom, the median rent as of July '25 in Preston, ID is 1-bedrooms: $1,020, 3-bedrooms: $1,610. The most common rental property sizes in Preston, ID are 2-bedroom and 1-bedroom, accounting for 51.4% and 20.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,380 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $950 | $1,020 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,300 | $1,610 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Preston, ID
As of Oct '25, Realtor.com reports that the median days on market for a home in Preston, ID is 74. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $543,000 | 3.0% |
Listing Count | 60 | 17.0% |
| Listings as % of Homes | 0.9% | 17.0% |
Days on Market | 74 | 1.0% |
Demographics — Preston, ID
As of the latest ACS Survey released in 2023, Preston, ID has a population of 9,890, which has increased by 5.7% over the past 5 years. Preston, ID is a popular place for families, as children make up 31.1% of the population. The area has a poorly educated workforce, with 20.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,890 | 5.7% |
% Under 18 | 31.1% | -0.6% |
% Seniors | 14.9% | -0.7% |
% WFH | 11.7% | 116.7% |
% w/ College Degree | 20.9% | 28.2% |
As of the latest ACS Survey released in 2023, Preston, ID is a predominantly white area, with 90.1% of the population identifying as white. The white population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in Preston, ID is hispanic, making up 6.1% of the population. Foreign-born residents account for 2.1% of the population in Preston, ID, and this percentage has decreased by 27.6% 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 | 90.1% | -1.4% |
% Black | 0.0% | -100.0% |
% Hispanic | 6.1% | 1.7% |
% Asian | 0.0% | N/A |
% Foreign Born | 2.1% | -27.6% |
Mortgage and Risk — Preston, ID
According to HUD data as of 2023, there were 310 mortgage originations in Preston, ID, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Preston, ID. 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 | 310 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Preston, ID
Preston, ID lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 29 |
Total Units Section 8 | 29 |
% Rentals under Section 8 | 3.2% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$190 | $950 | $760 |
| 2 Bedroom | N/A | N/A | $950 |
| 3 Bedroom | $30 | $1,300 | $1,330 |
| 4 Bedroom | N/A | N/A | $1,600 |
Affordability — Preston, ID
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.9 |
| Median Home Price | $424,000 |
| Median Household Income | $59,900 |