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Preston, CT—06365

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$430,000
6.1% YoY Growth
Household Income
$109,000
44.8% YoY Growth
Days on Market
29
41.0% Shorter YoY
Home Price Forecast
3.9%
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
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Preston, CT

As of May '26, the median home price in Preston, CT is $430,000, with a year-over-year change of 6.1%. This indicates that home prices in Preston, CT are increasing. According to Zillow, the 1-year price projection is 3.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$430,0006.1%
Single Family $431,0006.4%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$335,0007.4%
    3 Bed
    		$428,0006.5%
    4 Bed
    		$534,0006.6%
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    1 Bedroom
    7.3%
    2 Bedrooms
    11.7%
    3 Bedrooms
    52.8%
    4 Bedrooms
    24.7%
    5+ Bedrooms
    3.5%

    Rental Trends — Preston, CT

    Preston, CT lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average Rent$1,700$2,050
    Studio Rent N/AN/A
    1 Bed Rent $1,450$1,450
    2 Bed Rent $1,700$1,700
    3 Bed Rent N/AN/A
    4 Bed Rent $3,000$3,000
    Loading chart...

    % 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 May '26, Realtor.com reports that the median days on market for a home in Preston, CT is 29. This is a decrease of -41.0% from last year, suggesting that homes are sitting on the market shorter 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$620,000-54.0%
    Listing Count
    		1550.0%
    Listings as % of Homes0.4%50.0%
    Days on Market
    		29-41.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % Change
    Population
    		4,7802.5%
    % Under 18
    		19.8%-3.4%
    % Seniors
    		22.6%18.3%
    % WFH
    		9.3%158.3%
    % w/ College Degree
    		27.4%16.1%
    Loading chart...

    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

    MetricLatest Census5-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%
    Loading chart...

    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

    MetricZip 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%
    Loading chart...
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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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$50$1,450$1,500
    2 Bedroom$140$1,700$1,840
    3 BedroomN/AN/A$2,390
    4 Bedroom$80$3,000$3,080

    Affordability — Preston, CT

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3
    Median Home Price$430,000
    Median Household Income$109,000

    Preston, CT — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Norwich, CT

    06380

    Ledyard, CT

    06339

    Griswold, CT

    06351

    Norwich, CT

    06360

    Ledyard, CT

    06335

    Frequently Asked Questions