Preston Lake, MN

This township of 250 residents needs 3 more housing units over the next five years.

Housing snapshot

Population
250 (2026)
Households
98
Median household income
$94,839 (2026)
Typical home value
$225,092
Owner-occupied
68%
Five-year housing need
3 units

Comparison to other Minnesota municipalities

Preston Lake: $94,839 Median income (2026 estimate)
<$43K >$191K
Preston Lake: None jobs to household ratio
<0.04 >2.53
Preston Lake: No permit data
<0% >14.7%
On this page

How affordable is this community?

In Preston Lake, MN, the typical home price of $225,092 is below the Minnesota average of $271,234. Preston Lake, MN's median household income of $94,839 comfortably exceeds what is needed to afford the typical home, making this a relatively affordable market.

This chart tracks whether housing prices are keeping pace with local incomes. The gap between what homes cost and what households can afford reveals affordability trends over time.

How has employment changed over time?

Jobs by industry sector since 2012. Switch between local jobs — counted where the jobs are located — and resident jobs, counted where the workers live. On the local view the most recent year is a nowcast: it grows the latest local LODES job mix forward using recent county employment growth from QCEW and the BLS local employment series, so the newest point tracks today's economy instead of data that is roughly two years old.

How are households changing by income?

Preston Lake, MN has roughly 98 households and a population that has been largely stable in recent years.

Understanding how households at different income levels are growing or declining helps identify which groups face the greatest housing pressure and where new housing is most needed.

Who lives here today?

The housing stock in Preston Lake, MN is heavily oriented toward detached single-family, which makes up 91% of units. Homeownership is the norm in Preston Lake, MN, with 68% of units owner-occupied.

Households may have different structure type preferences depending on characteristics such as household size, income, employment, presence of children, age of individuals, and lifestyle choices. Understanding the housing stock in corresponding terms helps assess how well existing units align with existing households' ideals.

What does the housing stock look like?

The mix of housing types and ownership patterns shapes a community's character. This chart breaks down housing units by structure type and whether they're owner-occupied or rented.

How does this place compare to similar communities?