HomeMinnesotaFillmore CountyPreston city
Preston city, Minnesota: commercial real estate data.
Preston city is a Census city of 1,362 people across 2.46 square miles of land, in Fillmore County. Median household income is $63,984, 73.6 percent of occupied homes are owned, and the SBA record carries 5 7(a) approvals to borrowers here worth $661,000.
76 sourced place values · tier FULL · 8 sections
Preston
What Preston is
- Census place typecity
- Land area2.46 sq mi
- Water area0 sq mi
- Population per square mile of land553
- County holding the largest share of its areaFillmore County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Preston
How many people live in Preston
- Population1,362
- Median age39.8
- Population under 18298
- Share under 1821.9 percent
- Population 65 and over282
- Share 65 and over20.7 percent
- Households603
- Family households350
- Share of households that are families58.0 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Preston
Income and work in Preston
- Median household income$63,984
- Per capita income$37,375
- Civilian labor force739
- Employed714
- Unemployed25 plus or minus 19
- Unemployment rate3.4 percent plus or minus 2.5
- Adults 25 and over932
- Adults 25 and over with a high school diploma or higher95.9 percent
- Adults 25 and over with a bachelor degree or higher27.0 percent
- Adults 25 and over with a graduate degree8.3 percent plus or minus 2.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Preston
Housing in Preston
- Housing units651
- Occupied units603
- Vacant units48 plus or minus 32
- Vacancy rate7.4 percent plus or minus 4.9
- Owner occupied444
- Renter occupied159 plus or minus 47
- Ownership rate73.6 percent
- Median owner-occupied home value$185,900
- Median gross rent, monthly$769
- Annual rent as a share of median income14.4 percent
- Single family units464
- Share single family71.3 percent
- Units in buildings of two or more145 plus or minus 61
- Share in buildings of two or more22.3 percent plus or minus 9.1
- Mobile homes42 plus or minus 22
- Median year structure built1963
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Preston
How Preston gets to work
- Workers 16 and over who commute618
- Commuting under 15 minutes281 plus or minus 63
- Share commuting under 15 minutes45.5 percent
- Commuting 30 minutes or more206 plus or minus 43
- Share commuting 30 minutes or more33.3 percent
- Drove alone80.6 percent
- Carpooled3.4 percent plus or minus 1.9
- Public transport0.0 percent
- Walked3.3 percent plus or minus 1.8
- Worked from home11.7 percent plus or minus 6.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Preston
SBA 7(a) lending to Preston borrowers
- Approvals5
- Gross approval$661,000
- Average approval$132,200
- Median approval$98,000
- Ninetieth percentile approval$280,000
- Largest approval$280,000
- Jobs supported12
- Jobs per approval2.4
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more40.0 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS4
A charge-off rate is not published here. only 0 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Preston
SBA 504 lending to Preston borrowers
- Approvals2
- Gross approval$1,436,000
- Average approval$718,000
- Median approval$1,156,000
- Largest approval$1,156,000
- Jobs supported9
- Loans with a final outcome0
- Charged off0
- Median term240 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Fillmore County, not Preston
Fillmore County context, not Preston figures
These are Fillmore County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Preston measurements.
- Establishments in Fillmore County577
- Employment at those establishments, Fillmore County4,608
- Covered employment, Fillmore County6,235
- Average annual pay, Fillmore County$44,287
- Average weekly wage, Fillmore County$852
- Housing units permitted, Fillmore County68
- Of those, single family, Fillmore County66
- County product, 2024, Fillmore County$877,049,000
- County product change over the prior year, Fillmore County-4.1 percent
- Average income of an arriving household, Fillmore County$62,440
Every figure in this section is published for Fillmore County as a whole and is not a measurement of Preston. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Preston questions, answered from the record.
How many people live in Preston, Minnesota?
1,362, in 603 households. Preston city covers 2.46 square miles of land, which is 553 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Preston in?
Fillmore County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Preston?
$63,984. The median owner-occupied home is valued at $185,900. Median gross rent is $769 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Preston businesses?
5 7(a) approvals totalling $661,000, across 2 lenders, median approval $98,000, plus 2 504 approvals worth $1.4 m. These count approvals to borrowers whose address is in Preston, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Preston borrowers get paid back?
No rate is published for Preston. only 0 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Preston figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Fillmore County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Preston.
Is zoning published for Preston?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.