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Affordable
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These days, finding an affordable place to live in the Prosper area can be challenging. Home prices in Prosper are now at a median cost of $180,111, lower than the Minnesota average of $345,793.
The average cost of rent is $783/mo in Prosper, primarily driven by the current value of real estate in the Prosper area. In Prosper, 12.69% of households rent, and 43.56% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Prosper is $5,635 per month. Households that rent pay about 13.89% of their income on rent here. Prosper’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lenora, MN: less expensive homes
- Newburg, MN: higher priced homes
- Hesper, IA: higher priced homes
- Mabel, MN: less expensive homes
- Canton, MN: equally priced homes
- Burr Oak, IA: higher priced homes
- Riceford, MN: higher priced homes
- Tawney, MN: higher priced homes
- Newhouse, MN: equally priced homes
- Locust, IA: higher priced homes
Cities with Similar Populations
- Williamsburg, TN: higher priced homes
- Cayuga, ND: equally priced homes
- Cedar Glen West, NJ: less expensive homes
- Cedar Grove, TX: equally priced homes
- Why, AZ: less expensive homes
- Wien, MO: higher priced homes
- Wilhelmina, MO: less expensive homes
- Willard, CO: higher priced homes
- Williams Mountain, WV: less expensive homes
- Cawelo, CA: higher priced homes
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