Affordable
Expensive
Expensive
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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 $696,134, higher than the New Haven average of $335,669.
The average cost of rent is $1,717/mo in Prospect Hill, primarily driven by the current value of real estate in the Prospect Hill area. In Prospect Hill, 79.48% of households rent, and 52.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Prospect Hill is $6,708 per month. Households that rent pay about 25.59% of their income on rent here. Prospect Hill’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Newhallville, New Haven, CT: less expensive homes
- East Rock, New Haven, CT: less expensive homes
- Dixwell, New Haven, CT: less expensive homes
- Highwood, Hamden, CT: less expensive homes
- Downtown New Haven, New Haven, CT: less expensive homes
- Beaver Hills, New Haven, CT: less expensive homes
- Dwight, New Haven, CT: less expensive homes
- Wooster Square, New Haven, CT: less expensive homes
- Mill River, New Haven, CT: less expensive homes
- Edgewood, New Haven, CT: less expensive homes
Neighborhoods with Similar Populations
- Harvard Place-Eastlawn, San Antonio, TX: less expensive homes
- Sonoma Ranch, Helotes, TX: less expensive homes
- Shadow Wood, Coral Springs, FL: less expensive homes
- Serra Highlands, South San Francisco, CA: higher priced homes
- Schorsch, Chicago, IL: less expensive homes
- Sardis Woods, Charlotte, NC: less expensive homes
- Rufus King, Milwaukee, WI: less expensive homes
- Rosewood, Austin, TX: equally priced homes
- Roosevelt, Seattle, WA: higher priced homes
- Landsdowne, Youngstown, OH: less expensive homes
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