Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Prospect area can be challenging. Home prices in Prospect are now at a median cost of $153,843, lower than the Illinois average of $242,002.
The average cost of rent is $613/mo in Prospect, primarily driven by the current value of real estate in the Prospect area. While nearly 47.05% of residents own their homes outright in Prospect, 20.77% rent.
Housing affordability isn’t just about home prices, though. The average household income in Prospect is $6,825 per month. Households that rent pay about 8.98% of their income on rent here. Prospect's most expensive areas are in the western regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Tomlinson, IL: higher priced homes
- Rantoul, IL: less expensive homes
- Ludlow, IL: less expensive homes
- Dewey, IL: higher priced homes
- Thomasboro, IL: less expensive homes
- Fisher, IL: higher priced homes
- Elliott, IL: less expensive homes
- Perdueville, IL: less expensive homes
- Foosland, IL: equally priced homes
- Gifford, IL: equally priced homes
Cities with Similar Populations
- Ellisonville, OH: less expensive homes
- Tererro, NM: less expensive homes
- Tensas Bluff, LA: less expensive homes
- Fortney, PA: higher priced homes
- Fort Robertson, PA: higher priced homes
- Esty, WV: less expensive homes
- Estelville, NJ: higher priced homes
- Enos Corner, IN: less expensive homes
- Engelberg, AR: less expensive homes
- Emery, IA: equally priced homes
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