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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 $237,639, lower than the Pennsylvania average of $288,156.
The average cost of rent is $924/mo in Prospect, primarily driven by the current value of real estate in the Prospect area. In Prospect, 13.49% of households rent, and 53.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Prospect is $7,000 per month. Households that rent pay about 13.19% of their income on rent here. Prospect’s most expensive areas are in the northeastern 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
- Mount Chestnut Springs, PA: higher priced homes
- Kennedy Mill, PA: higher priced homes
- Middle Lancaster, PA: higher priced homes
- Elora, PA: equally priced homes
- Portersville, PA: less expensive homes
- West Liberty, PA: equally priced homes
- Harmony, PA: higher priced homes
- Connoquenessing, PA: higher priced homes
- Jacksville, PA: equally priced homes
- Homeacre-Lyndora, PA: less expensive homes
Cities with Similar Populations
- Ashley, PA: less expensive homes
- Bessemer, MI: less expensive homes
- Big Sandy, TN: less expensive homes
- Siren, WI: equally priced homes
- Sylvania, AL: less expensive homes
- Shaftsbury, VT: higher priced homes
- Pine Forest, TX: less expensive homes
- Parker, PA: less expensive homes
- Orion, IL: equally priced homes
- Orchard City, CO: higher priced homes
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