Preston, MD
Population 794 · Maryland
About Preston, MD
Preston is a small community located in Maryland with a population of 794 residents according to the latest US Census Bureau American Community Survey data. The median household income is $69,375 per year, which is 8% below the national median of $75,149. The median age of 41.9 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Preston features a median home value of $248,100, which is 1% above the national median of $244,900. This positions Preston in a moderately priced market relative to the rest of the country. Median monthly rent is $1,406, 21% above the national average of $1,163/month. Of the 308 total housing units, 71% are owner-occupied (209 units) and 29% are renter-occupied (84 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Preston shows an unemployment rate of 0.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Preston have an average one-way commute time of 23 minutes.
Education & Demographics
23.2% of Preston residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 3.4% Hispanic or Latino, 0.0% Black or African American, and 0.3% Asian residents, with 4.8% of the population being foreign-born.
How Preston Ranks in Maryland
Cost of Living in Preston, MD
Compared to national averages, Preston has a median household income of $69,375 (8% below the national median of $75,149). Home values average $248,100, which is 1% above the national median. Monthly rent at $1,406 is 21% above the US average of $1,163. Within Maryland, Preston's income is 36% below the state average of $107,956, and home values are 38% below the state median of $402,447.
Why Live in Preston, MD?
Preston offers a strong job market with an unemployment rate of just 0.7%, and a low poverty rate of 4.2%, better than the national average, and short commute times averaging just 23 minutes.
Potential considerations include median household income ($69,375) that falls below the national average. However, Preston’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Preston has a population of 794 with a median age of 41.9 years. Compare Preston with other cities to see how it stacks up, or explore all cities in Maryland.
Similar Cities Near Preston
Cities in Maryland with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Cedarville | 791 | $87,917 | $363,600 | Compare |
| Eden | 790 | $30,609 | $47,100 | Compare |
| Highland | 785 | $250,001 | $855,400 | Compare |
| Pylesville | 806 | $167,755 | $572,600 | Compare |
| Chesapeake City | 778 | $67,109 | $335,200 | Compare |
| Chevy Chase Section Five | 767 | $250,001 | $1,631,900 | Compare |
| Downsville | 822 | $212,605 | $344,600 | Compare |
| Galena | 766 | $87,188 | $273,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Maryland
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Preston With Other Cities
Frequently Asked Questions about Preston
What is the population of Preston, MD?
The population of Preston, MD is 794 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Maryland.
What is the median household income in Preston?
The median household income in Preston, MD is $69,375 per year, which is 8% below the national median of $75,149.
What is the median home value in Preston?
The median home value in Preston, MD is $248,100, which is 1% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Preston?
The median monthly rent in Preston, MD is $1,406, which is 21% above the national average of $1,163/month.
What is the unemployment rate in Preston?
The unemployment rate in Preston, MD is 0.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Preston, MD a good place to live?
Preston offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 794 and a median age of 41.9, the city appeals to a broad range of residents.
How educated is Preston, MD?
23.2% of residents in Preston aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Preston?
Key cost-of-living indicators for Preston, MD: median home value is $248,100 (1% above national), median rent is $1,406/month, and median household income is $69,375. The home-value-to-income ratio is 3.6x, a moderate figure by national standards.
What is the poverty rate in Preston?
The poverty rate in Preston, MD is 4.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Preston, MD?
Preston's population is 0.0% White, 3.4% Hispanic or Latino, 0.0% Black or African American, 0.3% Asian, and 4.4% two or more races. 4.8% of residents are foreign-born.