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Affordable
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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 $109,250, lower than the Texas average of $322,096.
The average cost of rent is $933/mo in Prospect, primarily driven by the current value of real estate in the Prospect area. In Prospect, 8.49% of households rent, and 73.87% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Prospect is $4,288 per month. Households that rent pay about 21.76% of their income on rent here. Prospect’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lodi, TX: higher priced homes
- Pruett, TX: equally priced homes
- Jefferson, TX: higher priced homes
- Kellyville, TX: higher priced homes
- Lassater, TX: less expensive homes
- Kildare, TX: higher priced homes
- Smithland, TX: equally priced homes
- Lanier, TX: equally priced homes
- Orrs, TX: less expensive homes
- Kildare Junction, TX: higher priced homes
Cities with Similar Populations
- Wittsburg, AR: equally priced homes
- Beamon, AL: higher priced homes
- Beason, IL: higher priced homes
- Ben Avon Heights, PA: higher priced homes
- Bethlehem, OH: higher priced homes
- Blakely, AR: higher priced homes
- Blanford, IN: higher priced homes
- Blencoe, IA: higher priced homes
- Bluehole, KY: less expensive homes
- Bowbells, ND: equally priced homes
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