Preston, Connecticut.
Typical home $425,792 (+7.2% in a year). Norwich-New London, CT metro.
to buy the typical home at today's mortgage rate — +$1,369 (+158%) since Jan 2020.
- 1 year
- Up $28,708 +7%
- $397,084$425,792 since Sep 2025
- 5 years
- Up $125,738 +42%
- $300,054$425,792 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Preston$2,235
- Connecticut$2,348
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 10 years.
Typical home values in Preston, CT rose 7.2% over the past year — faster than the nation's +1.2%.
Living in Preston, Connecticut
Preston is a town in . Half its households earn more than $116,648 a year and half less; 2% of its people live below the poverty line. 92% of its homes are lived in by their owners and 8% are rented.
Written by AI Claude Haiku 5.5 wrote this on 22 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Preston is a town in Connecticut where most homes are lived in by their owners, and renting is far less common than in many parts of the country. Few households fall below the poverty line, and incomes sit well above the national norm. Homes tend to be valued above the typical American home, and winters are colder and snowier than in much of the country, while summers are warm.
Work. Most residents travel to jobs outside the home rather than working remotely, which is unusual compared with many places today. Adults with a four-year degree are a meaningful share of the population, though not a majority. Daily life revolves around getting to work and back, with the typical trip taking a modest amount of time by car.
Things to do. Mystic Seaport, one of the best known museums in the state, is a longer drive away and tells the story of New England's maritime past. Closer by, Pachaug State Forest is a protected area of woods and trails that suits walkers and those who enjoy quiet outdoor time. The Mashantucket Pequot Museum and Research Center, a short drive away, explores the history and culture of the Pequot people.
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- 1,947households
- 28%of adults have a degree
- 2%below the poverty line
- 22 mintypical commute
- 10%work from home
Weather through the year
Coldest in January, with highs near 38° and lows near 21°; warmest in July, with highs near 84° and lows near 65°. About 28 inches of snow and 52 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Norwich Public Utility Plt weather station, 3 miles away (NOAA).
Natural hazards
- HurricanesRelatively high
- Inland floodingRelatively moderate
- Ice stormsRelatively moderate
- Winter weatherRelatively moderate
- LightningRelatively moderate
- Coastal floodingRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across its planning region, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on and the Norwich-New London, CT metro.
Preston home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Preston$425,792
- Connecticut$447,319
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Preston17
New listings per month
Sellers arriving at the market.
- Preston8
Zip codes with a Preston address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Preston — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.