Market Overview
Home Prices in Preston, MO
The median home value in Preston, MO is $211,887 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10.2% compared to a year ago and down 2.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Preston are priced48% below average.
Price History
Preston Home Price Trend
2024
$197,399
$197K
—
2025
$192,246
$192K
-2.6%
2026
$211,887
$212K
+10.2%
City Comparison
Preston vs. National Median
🏠 Preston
$211,887
National Median
$410,000
At $211,887, homes in Preston cost 48% below the national median of $410,000. This makes Preston a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Preston?
20% Down Payment
$42,377
on $211,887
Monthly P&I
$1,105/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,403/mo
incl. taxes & insurance
Income Needed
$56,120
gross annual (30% rule)
10% Down Option
$21,189
+ PMI applies
Loan Amount (20% dn)
$169,510
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Preston, MO?
The median home value in Preston is $211,887 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10.2% year-over-year.
How much have home prices changed in Preston?
Over the past year, home values in Preston have increased by 10.2%.
How much do I need to earn to buy a home in Preston?
To comfortably afford the median home price of $211,887 with a 20% down payment ($42,377) at today's rates (6.8%), you'd need a gross annual income of approximately $56,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Preston compare to the national average home price?
The national median home value is approximately $410,000. At $211,887, homes in Preston are 48% below the national average.