What is the median home value in Preston Township, IL?

Name: Home values in Preston Township, IL, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median value of owner-occupied homes in Preston Township, IL is $123,100 (±$32,894), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Preston Township, the median home value went from $98,900 in 2015–2019 to $123,100 in 2020–2024 (+24.5%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

Median home value: $123,100 (±$32,894)
Owner-occupied homes: 529 (±119)
Most common range: $50,000 to $99,999

Home values in Preston Township

Owner-occupied homes by value, 2020–2024
Value	Preston Township	Richland County	Illinois	United States
Less than $50,000	14.6% (±9.3 points)	16.3%	5.4%	5.3%
$50,000 to $99,999	22.5% (±10.4 points)	27.7%	8.3%	6.1%
$100,000 to $149,999	20.0% (±9.4 points)	19.8%	9.7%	6.8%
$150,000 to $199,999	6.6% (±6.1 points)	11.2%	11.8%	9.0%
$200,000 to $299,999	22.1% (±9.1 points)	17.0%	22.3%	17.8%
$300,000 to $499,999	11.3% (±6.8 points)	5.9%	27.7%	26.9%
$500,000 to $999,999	2.8% (±3.5 points)	1.3%	12.1%	20.9%
$1,000,000 or more	0.0% (±6.8 points)	0.8%	2.7%	7.1%

The most common range is $50,000 to $99,999, 22.5% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Preston Township against Richland County, its state and the nation

Estimate (90% margin of error)
	Preston Township	Richland County	Illinois	United States
Median home value	$123,100 (±$32,894)	$112,000 (±$7,458)	$263,300 (±$797)	$332,700
Owner-occupied homes	529 (±119)	4,752 (±230)	3,378,910 (±14,728)	84,210,142

In Preston Township, the median home value is not measurably different from Richland County ($112,000).

It is also lower than in Illinois ($263,300).

It is lower than the national figure ($332,700).

In Richland County, Preston Township ranks 5 of 14 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 1580 of 2,652.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How home values in Preston Township have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median home value	$98,900 (±$53,014)	$123,100 (±$32,894)	+24.5%	No measurable change after inflation
Median owner cost with a mortgage	$896 (±$420)	$1,615 (±$683)	+80.2%	No measurable change after inflation
Median real estate taxes	$1,599 (±$618)	$1,468 (±$393)	−8.2%	No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median home value in places near Preston Township

Nearest places with a published estimate, compared with Preston Township
Place	Distance	Median home value	Compared with this place
Preston Township	—	$123,100 (±$32,894)	—
Olney	5.6 mi	$99,800 (±$7,908)	Not measurably different
German Township	6.1 mi	$209,500 (±$41,087)	Higher
Fox Township (Jasper County)	6.4 mi	$123,400 (±$106,415)	Not measurably different
Denver Township	6.5 mi	$162,500 (±$69,674)	Not measurably different
Olney Township	6.8 mi	$108,600 (±$10,894)	Not measurably different
Ste. Marie Township	7.8 mi	$102,400 (±$57,108)	Not measurably different
Claremont	8.7 mi	$50,000 (±$41,576)	Lower
Ste. Marie	8.9 mi	$102,400 (±$33,533)	Not measurably different

Nearby places with a measurably lower figure: Claremont, IL ($50,000).

Nearby places with a measurably higher figure: German Township, IL ($209,500).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median home value across Richland County, place by place

Rank	Place	Median home value
1	German Township	$209,500 (±$41,087)
2	Claremont Township	$189,600 (±$96,188)
3	Denver Township	$162,500 (±$69,674)
4	Decker Township	$160,800 (±$24,217)
5	Preston Township	$123,100 (±$32,894)
6	Bonpas Township	$122,900 (±$103,081)
7	Olney Township	$108,600 (±$10,894)
8	Olney	$99,800 (±$7,908)
9	Noble Township	$86,000 (±$37,769)
10	Noble	$58,500 (±$6,077)
11	Madison Township	$55,200 (±$7,316)

Showing 11 of 14 places in Richland County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Preston Township

What is the average home value in Preston Township, IL?

The Census Bureau publishes the median: $123,100 (±$32,894) for owner-occupied homes in Preston Township (2020–2024 American Community Survey).

Have home values in Preston Township gone up?

In Preston Township, the median home value went from $98,900 in 2015–2019 to $123,100 in 2020–2024 (+24.5%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Is this what homes in Preston Township sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Preston township, Richland County, Illinois (county subdivision:61847, in state:17 county:159).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.