Housing in Preston

A typical Preston home is worth roughly $122,000

Typical home value

$122K

NY $527K

Estimate

2-bedroom rent

$980

a month, utilities in · HUD

Median tax bill

$2,800

NY $6,582

What kind of housing town is Preston?

Read from the numbers below. The page puts what stands out first.

Your money goes further77% below the New York typical home.A town of owners89% of households own their home.

★ What stands out · Affordability

A typical home costs 1.4 years of income

Less than across New York (6.1 years). Try your own numbers below.

You could afford about

$281,000

Typical Preston home $122K

That covers a typical Preston home, with $158K to spare.

The typical home, each month

$870

Loan $610Tax $230Insurance $40

A two-bedroom rents for about $980 a month here, $110 more than owning.

Where your budget reaches nearby

Norwich$127K Plymouth$155K McDonough$113K Oxford$119K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Preston’s typical property tax (2.29% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

89% of Preston households own their home

Half of Preston’s homes were built before 1979.

Owners and renters

Own 89%Rent 11%

New York: 54% own.

1979

typical home built · NY 1959

$2,800

median property tax bill · NY $6,582

2.29%

of a home’s value, a year in tax · NY 1.55%

19%

of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Renting

A two-bedroom rents for about $980

Renters already here pay a median of $1,292.

Fair Market Rent a month, utilities included

Studio$860

1 bedroom$860

2 bedrooms$980

3 bedrooms$1,360

4 bedrooms$1,500

11%

of households rent · NY 46%

renter households

$1,292

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Chenango County, NY): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Preston vs. its neighbors

Preston is the 3rd least expensive of 5 neighboring towns. Tap one to see its housing page.

Plymouth$155K Norwich$127K Preston$122K Oxford$119K McDonough$113K

Compare more

Town	Typical value	1-yr change	2-bed rent	New homes 2024	Median income
Preston	$122K*	—	$980	—	$85,625
Norwich	$127K*	+20.2%†	$1,010	0	$63,226
Plymouth	$155K*	—	$1,050	—	$78,148
McDonough	$113K*	—	$980	—	$68,266
Oxford	$119K*	—	$980	—	$61,168

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Preston buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Preston still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.