Expensive
Affordable
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These days, finding an affordable place to live in the New Prospect area can be challenging. Home prices in New Prospect are now at a median cost of $226,126, lower than the Texas average of $322,096.
The average cost of rent is $957/mo in New Prospect, primarily driven by the current value of real estate in the New Prospect area. In New Prospect, 5.19% of households rent, and 61.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in New Prospect is $7,482 per month. Households that rent pay about 12.78% of their income on rent here. New Prospect’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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- Yeager, OK: less expensive homes
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- Woodwards, MS: less expensive homes
- Woods Mills, NY: less expensive homes
- Wooden Shoe Village, MI: less expensive homes
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