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  4. /Preston, ID - 83263

Preston, ID—83263

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$435,000
1.4% YoY Growth
Household Income
$59,900
7.1% YoY Growth
Days on Market
58
38.0% Longer YoY
Home Price Forecast
0.7%
Median Rent
$1,300
10.4% YoY Growth
1-Bed Rent
$950
29.7% YoY Growth
2-Bed Rent
N/A
N/A
3-Bed Rent
$1,300
27.8% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Preston, ID

As of May '26, the median home price in Preston, ID is $435,000, with a year-over-year change of 1.4%. This indicates that home prices in Preston, ID are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$435,0001.4%
Single Family $435,0001.9%
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
    		$336,0001.5%
    3 Bed
    		$403,0001.5%
    4 Bed
    		$466,0002.0%
    5 Bed $575,7692.8%
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    % of Housing Stock

    Studio
    2.0%
    1 Bedroom
    8.9%
    2 Bedrooms
    26.1%
    3 Bedrooms
    28.9%
    4 Bedrooms
    16.4%
    5+ Bedrooms
    17.7%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,300$1,380
    Studio Rent N/AN/A
    1 Bed Rent $950$1,020
    2 Bed Rent N/AN/A
    3 Bed Rent $1,300$1,610
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    5.6%
    1 Bedroom
    20.2%
    2 Bedrooms
    51.4%
    3 Bedrooms
    10.0%
    4 Bedrooms
    8.5%
    5+ Bedrooms
    4.3%

    Property Listings — Preston, ID

    As of May '26, Realtor.com reports that the median days on market for a home in Preston, ID is 58. This is a increase of 38.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$502,000-7.0%
    Listing Count
    		584.0%
    Listings as % of Homes0.9%4.0%
    Days on Market
    		5838.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % Change
    Population
    		9,8905.7%
    % Under 18
    		31.1%-0.6%
    % Seniors
    		14.9%-0.7%
    % WFH
    		11.7%116.7%
    % w/ College Degree
    		20.9%28.2%
    Loading chart...

    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
    Loading chart...
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$190$950$760
    2 BedroomN/AN/A$950
    3 Bedroom$30$1,300$1,330
    4 BedroomN/AN/A$1,600

    Affordability — Preston, ID

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio7
    Median Home Price$435,000
    Median Household Income$59,900

    Preston, ID — ZIP Code Boundary Map

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    Frequently Asked Questions