Zip 55965 (Preston, MN) Housing

Preston, MN is a great place to buy a house with median value of 227,000. This is significantly lower than the US housing median value of 338,100. Though the 1 year appreciation rate in Preston is 6.78%, which is slightly lower than the US appreciation rate of 8.27%, it still shows that there has been consistent growth in home values in this area over time. With an affordable median value and steady growth potential, Preston may be a great place for people looking to invest in real estate and enjoy all that this small town has to offer.

The median home cost in Preston (zip 55965) is $227,000. Home appreciation the last 10 years has been 78.4%. Home Appreciation in Preston (zip 55965) is up 11.4%.

Average Age of Homes

- The median age of Preston (zip 55965) real estate is 59 years old

The Rental Market in Preston (zip 55965)

- Renters make up 14.5% of the Preston (zip 55965) population
- 0.7% of houses and apartments in Preston (zip 55965), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Preston, Minnesota	United States
	1,132.0	139,647,020.0
	61	42
	$227,000	$338,100
	11.4%	16.6%
	46.1%	57.0%
	78.4%	101.1%
	$9.52	$10.98
	$1,543	$2,690
	66.4%	57.4%
	13.6%	11.2%
	20.0%	31.4%
Vacant Housing
	0.7%	1.9%
	0.0%	0.4%
	1.5%	0.7%
	1.3%	0.4%
	6.1%	3.6%
	4.0%	4.1%
Value of Owner-Occupied Housing
	2.0%	2.6%
	1.2%	2.4%
	5.1%	2.8%
	5.7%	3.9%
	8.1%	4.5%
	22.3%	11.3%
	14.9%	13.0%
	15.2%	20.1%
	11.3%	13.6%
	6.1%	8.3%
	3.2%	9.7%
	2.1%	3.9%
	1.2%	2.2%
	0.4%	0.8%
	1.2%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	16.4%	13.6%
	16.4%	13.6%
	8.7%	13.6%
	4.3%	13.2%
	10.5%	14.8%
	8.7%	13.6%
	11.3%	10.0%
	3.7%	4.7%
	35.0%	12.2%

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