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 $141,929, lower than the Virginia average of $323,261.
The average cost of rent is $871/mo in Prospect, primarily driven by the current value of real estate in the Prospect area. While nearly 24.96% of residents own their homes outright in Prospect, 28.03% rent.
Housing affordability isn’t just about home prices, though. The average household income in Prospect is $4,630 per month. Households that rent pay about 18.82% of their income on rent here. Prospect's most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Tuggle, VA: higher priced homes
- Pamplin, VA: higher priced homes
- Hampden-Sydney, VA: less expensive homes
- Hixburg, VA: higher priced homes
- Darlington Heights, VA: higher priced homes
- Farmville, VA: higher priced homes
- Worsham, VA: higher priced homes
- Pamplin City, VA: equally priced homes
- Cullen, VA: equally priced homes
- Evergreen, VA: equally priced homes
Cities with Similar Populations
- West Valley, NY: equally priced homes
- Brooklawn, NJ: less expensive homes
- Plentywood, MT: equally priced homes
- Roscoe, TX: less expensive homes
- Rodney, MI: less expensive homes
- Riegelwood, NC: less expensive homes
- Remerton, GA: less expensive homes
- Rawlings, MD: less expensive homes
- Randolph, ME: less expensive homes
- Princes Lakes, IN: higher priced homes
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