Preston Heights, IL Profile: Facts & Data

The Preston Heights CDP⁽¹⁾ had a population of 2,873 as of July 1, 2024. Preston Heights ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Illinois. See peer rankings below.

The primary coordinate point for Preston Heights is located at latitude 41.4917 and longitude -88.0817 in Will County. The formal boundaries for the Preston Heights Census Designated Place encompass a land area of 0.94 sq. miles and a water area of 0 sq. miles. Will County is in the Central time zone (GMT -6).

The Preston Heights Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Preston Heights Census Designated Place is located within Township of Joliet, a minor civil division (MCD) of Will County.

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Preston Heights, IL Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	2,873 (100%)
Population in Households	2,855 (99.4%)
Population in Families	2,402 (83.6%)
Population in Group Quarters¹	18 ( 0.6%)
Population Density	2,481
Diversity Index²	81


INCOME
Median Household Income	$53,620
Average Household Income	$69,930
% of Income for Mortgage⁴	19%
Per Capita Income	$26,151
Wealth Index⁵	49
Socioeconomic Status Index⁶	Low (41.1)

HOUSING
Total HU (Housing Units)	1,161 (100%)
Owner Occupied HU	645 (55.6%)
Renter Occupied HU	429 (37.0%)
Vacant Housing Units	87 ( 7.5%)
Median Home Value	$166,500
Average Home Value	$213,062
Housing Affordability Index³	106

HOUSEHOLDS
Total Households	1,074
Average Household Size	2.66
Family Households	729
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Preston Heights, IL - Peer Comparisons by Rank and Percentile

The table below compares Preston Heights to the other 1,462 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.48%	0.08%
Households	0.99%	0.66%
Families		0.16%
Median Household Income		3.79%
Per Capita Income		3.43%
Owner Occupied HU		1.74%

Variable Description	Rank	Percentile
Total Population	# 429	71st
Population Density	# 168	89th
Median Household Income	# 1242	15th
Housing Affordability Index	# 416	28th
Per Capita Income	# 1374	6th
Diversity Index	# 50	97th

Preston Heights, IL Profile: Facts & Data

Preston Heights, Illinois - Basic Facts

Preston Heights, IL Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Preston Heights, IL - Peer Comparisons by Rank and Percentile

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