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Preston

Learn about the people, housing, costs and businesses in Preston, Nebraska

Median Home$111,700
Median Rent$710/month
Population19
Leading IndustriesConstruction · Information & Media · Agriculture & Mining20% construction
Home Value Growth⬆⬆⬆+34.1% over 2 years
Retirees26% of residentsabove average nationally
Homeowners89% of occupied units
NotableAffordable Market$112k median home · lower cost than 88% of the country
Preston
NE

Frequently Asked Questions

What are today's mortgage rates in Preston?

As of today, the 30-year fixed mortgage rate for Preston is approximately 7.033% (7.074% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Preston?

The median home value in Preston is $112k. The median monthly rent is $710. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Preston?

Home values in Preston have increased 34.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Preston?

Based on a typical all-in ownership cost of $715/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Preston is $70k/year.

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What industries drive the economy in Preston?

The largest employment sectors in Preston are agriculture and mining (20%) and construction (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.