What is the median home value in Preston Township, PA?
The median value of owner-occupied homes in Preston Township, PA is $231,100 (±$55,566), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.
In Preston Township, the median home value went from $178,500 in 2015–2019 to $231,100 in 2020–2024 (+29.5%).
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 .
- Median home value
- $231,100 (±$55,566)
- Owner-occupied homes
- 394 (±77)
- Most common range
- $300,000 to $499,999
Home values in Preston Township
| Value | Preston Township | Wayne County | Pennsylvania | United States |
|---|---|---|---|---|
| Less than $50,000 | 1.8% (±1.4 points) | 4.1% | 5.5% | 5.3% |
| $50,000 to $99,999 | 4.3% (±3.9 points) | 7.7% | 8.4% | 6.1% |
| $100,000 to $149,999 | 19.3% (±9.8 points) | 9.8% | 9.6% | 6.8% |
| $150,000 to $199,999 | 17.5% (±8.1 points) | 16.6% | 12.8% | 9.0% |
| $200,000 to $299,999 | 14.0% (±5.0 points) | 25.0% | 22.9% | 17.8% |
| $300,000 to $499,999 | 32.7% (±10.2 points) | 24.6% | 25.9% | 26.9% |
| $500,000 to $999,999 | 9.4% (±4.7 points) | 10.4% | 12.8% | 20.9% |
| $1,000,000 or more | 1.0% (±1.5 points) | 1.7% | 2.1% | 7.1% |
The most common range is $300,000 to $499,999, 32.7% 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 Wayne County, its state and the nation
| Preston Township | Wayne County | Pennsylvania | United States | |
|---|---|---|---|---|
| Median home value | $231,100 (±$55,566) | $242,100 (±$7,213) | $254,500 (±$767) | $332,700 |
| Owner-occupied homes | 394 (±77) | 16,811 (±409) | 3,656,971 (±15,249) | 84,210,142 |
In Preston Township, the median home value is not measurably different from Wayne County ($242,100).
It is not measurably different from Pennsylvania ($254,500).
It is lower than the national figure ($332,700).
In Wayne County, Preston Township ranks 16 of 28 places with a published estimate, from highest to lowest median home value.
Statewide, it ranks 903 of 2,541.
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 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $178,500 (±$19,899) | $231,100 (±$55,566) | +29.5% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,313 (±$634) | $1,496 (±$1,066) | +13.9% | No measurable change after inflation |
| Median real estate taxes | $2,961 (±$576) | $3,500 (±$311) | +18.2% | 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
| Place | Distance | Median home value | Compared with this place |
|---|---|---|---|
| Preston Township | — | $231,100 (±$55,566) | — |
| Starrucca | 4.0 mi | $156,300 (±$18,895) | Lower |
| Thompson | 6.0 mi | $158,300 (±$59,808) | Not measurably different |
| Buckingham Township (Wayne County) | 6.2 mi | $230,600 (±$52,039) | Not measurably different |
| Ararat Township | 6.6 mi | $260,000 (±$58,422) | Not measurably different |
| Thompson Township (Susquehanna County) | 6.6 mi | $254,700 (±$47,975) | Not measurably different |
| Scott Township (Wayne County) | 7.1 mi | $229,500 (±$87,703) | Not measurably different |
| Mount Pleasant Township (Wayne County) | 7.3 mi | $323,700 (±$45,861) | Higher |
| Village of Hancock | 9.5 mi | $150,000 (±$34,345) | Lower |
Nearby places with a measurably lower figure: Starrucca, PA ($156,300), Village of Hancock, NY ($150,000).
Nearby places with a measurably higher figure: Mount Pleasant Township (Wayne County), PA ($323,700).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median home value across Wayne County, place by place
| Rank | Place | Median home value |
|---|---|---|
| 10 | Oregon Township | $276,100 (±$27,398) |
| 11 | Berlin Township | $246,900 (±$35,943) |
| 12 | Salem Township (Wayne County) | $241,400 (±$42,250) |
| 13 | Dreher Township | $239,200 (±$37,870) |
| 14 | Bethany | $236,800 (±$47,819) |
| 15 | Sterling Township | $231,600 (±$23,847) |
| 16 | Preston Township | $231,100 (±$55,566) |
| 17 | Buckingham Township (Wayne County) | $230,600 (±$52,039) |
| 18 | Scott Township (Wayne County) | $229,500 (±$87,703) |
| 19 | Clinton Township (Wayne County) | $228,300 (±$34,114) |
| 20 | Lebanon Township | $227,900 (±$26,342) |
| 21 | Texas Township | $215,900 (±$19,831) |
| 22 | Lake Township (Wayne County) | $198,700 (±$35,129) |
Showing 13 of 28 places in Wayne 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, PA?
The Census Bureau publishes the median: $231,100 (±$55,566) 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 $178,500 in 2015–2019 to $231,100 in 2020–2024 (+29.5%).
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
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Preston township, Wayne County, Pennsylvania
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Preston township, Wayne County, Pennsylvania
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Preston township, Wayne County, Pennsylvania
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Preston township, Wayne County, Pennsylvania
- 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) for Preston township, Wayne County, Pennsylvania (county subdivision:62600, in state:42 county:127).
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.
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.
Figures last updated on .
Related
- Housing in Preston Township at a glance
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- Income and affordability in Preston Township
- Property taxes in Preston Township
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- Commute and cars in Preston Township
- Pennsylvania landlord and tenant rules
- Housing across Wayne County
- Pennsylvania places ranked by median home value
- Housing data for every place in Pennsylvania