What percentage of people rent in Preston, MN?
26.4% (±6.3 points) of the occupied homes in Preston, MN are rented (2020–2024 American Community Survey).
That is 159 renting households against 444 that own their home.
In Preston, the share of households that rent went from 36.7% in 2015–2019 to 26.4% in 2020–2024 (−10.3 percentage points), a measurable decrease.
Figures last updated on .
- Households that rent
- 26.4% (±6.3 points)
- Renting households
- 159 (±47)
- Median renter income
- $38,438 (±$14,632)
Who rents and who owns in Preston
| Preston | Fillmore County | Minnesota | United States | |
|---|---|---|---|---|
| Renter-occupied share | 26.4% (±6.3 points) | 17.4% (±1.5 points) | 27.8% (±0.2 points) | 34.8% |
| Renting households | 159 (±47) | 1,521 (±139) | 641,268 (±4,528) | 45,017,354 |
| Owning households | 444 (±53) | 7,202 (±147) | 1,666,687 (±7,556) | 84,210,142 |
| Average renter household size | 1.6 (±0.4) | 1.9 (±0.1) | 2.0 (±0.0) | 2.3 |
| Average owner household size | 2.4 (±0.2) | 2.5 (±0.1) | 2.6 (±0.0) | 2.6 |
| Median renter household income | $38,438 (±$14,632) | $39,925 (±$4,787) | $51,080 (±$531) | $52,966 |
| Median owner household income | $83,125 (±$5,321) | $87,980 (±$3,597) | $108,214 (±$476) | $100,009 |
In Preston, the renter share is higher than in Fillmore County (17.4%).
It is not measurably different from Minnesota (27.8%).
It is lower than the national figure (34.8%).
In Fillmore County, Preston ranks 4 of 37 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 358 of 2,628.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Preston has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 36.7% (±7.3 points) | 26.4% (±6.3 points) | −10.3 percentage points | Measurable decrease |
| Median gross rent | $544 (±$111) | $769 (±$71) | +41.4% | No measurable change after inflation |
| Median household income | $49,750 (±$6,697) | $63,984 (±$10,416) | +28.6% | 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.
Households that rent in places near Preston
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Preston | — | 26.4% (±6.3 points) | — |
| Preston Township | 4.1 mi | 10.6% (±6.9 points) | Lower |
| Carimona Township | 4.4 mi | 23.1% (±15.4 points) | Not measurably different |
| Fountain Township | 4.6 mi | 24.2% (±14.2 points) | Not measurably different |
| Carrolton Township | 5.0 mi | 13.1% (±8.7 points) | Lower |
| Fountain | 5.5 mi | 10.6% (±6.7 points) | Lower |
| Lanesboro | 6.3 mi | 31.4% (±8.5 points) | Not measurably different |
| Whalan | 8.9 mi | 0.0% (±51.5 points) | Not measurably different |
| Harmony | 9.0 mi | 15.8% (±6.1 points) | Lower |
Nearby places with a measurably lower figure: Preston Township, MN (10.6%), Carrolton Township, MN (13.1%), Fountain, MN (10.6%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Fillmore County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Wykoff | 39.3% (±9.8 points) |
| 2 | Lanesboro | 31.4% (±8.5 points) |
| 3 | Rushford | 28.1% (±6.4 points) |
| 4 | Preston | 26.4% (±6.3 points) |
| 5 (tie) | Spring Valley | 24.2% (±4.8 points) |
| 5 (tie) | Fountain Township | 24.2% (±14.2 points) |
| 7 | Carimona Township | 23.1% (±15.4 points) |
| 8 | Ostrander | 22.1% (±11.8 points) |
| 9 (tie) | Beaver Township (Fillmore County) | 20.4% (±13.2 points) |
| 9 (tie) | Jordan Township | 20.4% (±13.9 points) |
Showing 10 of 37 places in Fillmore 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
How many renters are there in Preston?
Preston has an estimated 159 (±47) renting households, 26.4% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Preston?
In Preston, the share of households that rent went from 36.7% in 2015–2019 to 26.4% in 2020–2024 (−10.3 percentage points), a measurable decrease.
How big are renting households in Preston?
A renting household in Preston has 1.6 people on average, against 2.4 in an owned home.
How much do renters earn in Preston?
The median renting household in Preston, MN has an income of $38,438 (±$14,632) a year, against $83,125 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Preston city, Minnesota
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Preston city, Minnesota
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Preston city, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Preston city, Minnesota
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Preston city, Minnesota
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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) and detailed tables (acs/acs5) for Preston city, Minnesota (place:52450, in state:27).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
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.
Figures last updated on .
Related
- Housing in Preston at a glance
- Median rent in Preston
- Income and affordability in Preston
- Home values in Preston
- Homeowner costs in Preston
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- Types of homes in Preston
- Bedrooms in Preston
- Age of homes in Preston
- Heating fuel in Preston
- Commute and cars in Preston
- Crime reported to police in Preston
- Population growth in Preston
- How long people stay in Preston
- Minnesota landlord and tenant rules
- Housing across Fillmore County
- Minnesota places ranked by share of renters
- Housing data for every place in Minnesota