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 $175,418, lower than the Tennessee average of $218,916.
The average cost of rent is $779/mo in Prospect, primarily driven by the current value of real estate in the Prospect area. While nearly 46.79% of residents own their homes outright in Prospect, 11.94% rent.
Housing affordability isn’t just about home prices, though. The average household income in Prospect is $4,333 per month. Households that rent pay about 17.97% of their income on rent here. Prospect's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Kedron, TN: equally priced homes
- Poplar Hill, TN: equally priced homes
- Elkton, TN: equally priced homes
- Tarpley, TN: higher priced homes
- Elkmont Springs, TN: less expensive homes
- Baugh, TN: less expensive homes
- Highland Heights, TN: less expensive homes
- Lester, AL: equally priced homes
- Goodspring, TN: less expensive homes
- Minor Hill, TN: less expensive homes
Cities with Similar Populations
- Tonto Basin, AZ: less expensive homes
- Folsom, NJ: higher priced homes
- Fort Loudon, PA: equally priced homes
- Gamerco, NM: less expensive homes
- Garfield, MN: higher priced homes
- Genesee, ID: higher priced homes
- Granville, IL: less expensive homes
- Grattan, MI: higher priced homes
- Herndon, PA: less expensive homes
- Keene, KY: higher priced homes
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