Home Price Key
Affordable
Average
Expensive
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 $175,460, lower than the Texas average of $235,268.
The average cost of rent is $737/mo in New Prospect, primarily driven by the current value of real estate in the New Prospect area. While nearly 50.02% of residents own their homes outright in New Prospect, 12.19% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Prospect is $5,599 per month. Households that rent pay about 13.16% of their income on rent here. New Prospect's most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Henderson, TX: less expensive homes
- Minden, TX: less expensive homes
- Oak Hill, TX: higher priced homes
- Crimcrest, TX: less expensive homes
- Joinerville, TX: less expensive homes
- Pitner Junction, TX: less expensive homes
- Selman City, TX: less expensive homes
- Pone, TX: less expensive homes
- Turnertown, TX: less expensive homes
- New London, TX: less expensive homes
Cities with Similar Populations
- Abram, TX: less expensive homes
- Yount, MO: less expensive homes
- Yosemite National Park, CA: higher priced homes
- Yerkes, KY: less expensive homes
- Yellow Lake, WI: equally priced homes
- Yeager, OK: less expensive homes
- Yanceyville, VA: equally priced homes
- Woodwards, MS: less expensive homes
- Woods Mills, NY: less expensive homes
- Wooden Shoe Village, MI: less expensive homes
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