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These days, finding an affordable place to live in the Prospect Hill area can be challenging. Home prices in Prospect Hill are now at a median cost of $168,935, lower than the North Carolina average of $323,314.
The average cost of rent is $732/mo in Prospect Hill, primarily driven by the current value of real estate in the Prospect Hill area. In Prospect Hill, 3.71% of households rent, and 47.10% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Prospect Hill is $7,725 per month. Households that rent pay about 9.48% of their income on rent here. Prospect Hill’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Corbett, NC: higher priced homes
- Topnot, NC: higher priced homes
- Gordonton, NC: higher priced homes
- McDade, NC: higher priced homes
- Cedar Grove, NC: higher priced homes
- Leasburg, NC: higher priced homes
- Carr, NC: higher priced homes
- Hurdle Mills, NC: higher priced homes
- Jericho, NC: higher priced homes
- Hightowers, NC: higher priced homes
Cities with Similar Populations
- Bel Alton, MD: higher priced homes
- Branchport, NY: higher priced homes
- Bolton, NC: equally priced homes
- Alabama, NY: equally priced homes
- Bronte, TX: less expensive homes
- Bertrand, MO: less expensive homes
- Baileys Prairie, TX: higher priced homes
- Badger, IA: equally priced homes
- Aurora, UT: higher priced homes
- Atlantic, PA: less expensive homes
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