The housing market in Preston, IA is thriving. The median value for homes in the area is currently at $175,500, which is much less than the US median value of $338,100. Despite this disparity, Preston's housing market has seen especially strong appreciation over the last year with an 11.30% increase compared to the US average of 8.27%. This makes it a desirable place to invest in real estate and an attractive community for potential home buyers.
The median home cost in Preston is $175,500. Home appreciation the last 10 years has been 55.3%. Home Appreciation in Preston is up 13.6%.
Average Age of Homes
- The median age of Preston real estate is 59 years old
The Rental Market in Preston
- Renters make up 28.8% of the Preston population
- 0.0% of houses and apartments in Preston, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.