Prospect—13435
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Prospect
As of Oct '25, the median home price in Prospect is $172,000, with a year-over-year change of 6.8%. This indicates that home prices in Prospect are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $172,000 | 6.8% |
| Single Family | $172,000 | 6.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Prospect
Prospect lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Prospect
As of Oct '25, Realtor.com reports that the median days on market for a home in Prospect is 71. This is a decrease of -64.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $52,200 | -41.0% |
Listing Count | 4 | 0.0% |
| Listings as % of Homes | 1.3% | 0.0% |
Days on Market | 71 | -64.0% |
Demographics — Prospect
As of the latest ACS Survey released in 2023, Prospect has a population of 337, which has increased by 17.4% over the past 5 years. Prospect is a popular place for families, as children make up 39.8% of the population. The area has a poorly educated workforce, with 12.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 337 | 17.4% |
% Under 18 | 39.8% | 34.5% |
% Seniors | 25.2% | 36.2% |
% WFH | 0.0% | N/A |
% w/ College Degree | 12.8% | -40.5% |
As of the latest ACS Survey released in 2023, Prospect is a predominantly white area, with 76.9% of the population identifying as white. The white population has shrunk by 21.5% in the last 5 years. The second most common race or ethnicity in Prospect is black, making up 18.1% of the population. Foreign-born residents account for 0.0% of the population in Prospect, and this percentage has decreased by 100.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 76.9% | -21.5% |
% Black | 18.1% | ∞% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Prospect
Prospect lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Prospect
Prospect lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $860 |
| 2 Bedroom | N/A | N/A | $1,070 |
| 3 Bedroom | N/A | N/A | $1,290 |
| 4 Bedroom | N/A | N/A | $1,520 |
Affordability — Prospect
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $172,000 |
| Median Household Income | $46,400 |