New Prospect, AL 35441 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

New Prospect, AL—35441

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$126,000

N/A

Household Income

$51,400

25.7% YoY Growth

Days on Market

131

16.0% Longer YoY

Home Price Forecast

N/A

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — New Prospect, AL

New Prospect, AL lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	N/A	N/A
Single Family	N/A	N/A
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — New Prospect, AL

New Prospect, AL 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

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% of Rental Stock

3 Bedrooms

100.0%

Property Listings — New Prospect, AL

As of Dec '25, Realtor.com reports that the median days on market for a home in New Prospect, AL is 118. This is a increase of 33.0% from last year, suggesting that homes are sitting on the market longer 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	$126,000	-31.0%
Listing Count	6	43.0%
Listings as % of Homes	N/A	43.0%
Days on Market	131	16.0%

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Demographics — New Prospect, AL

As of the latest ACS Survey released in 2023, New Prospect, AL has a population of 881, which has decreased by -19.1% over the past 5 years. New Prospect, AL is a moderately popular place for families, as children make up 16.9% of the population. The area has a poorly educated workforce, with 17.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	881	-19.1%
% Under 18	16.9%	-33.5%
% Seniors	21.5%	102.8%
% WFH	3.3%	-77.1%
% w/ College Degree	17.0%	18.1%

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New Prospect, AL lacks sufficient race and ethnicity data for analysis.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	42.6%	-22.3%
% Black	52.8%	16.8%
% Hispanic	0.0%	N/A
% Asian	0.0%	N/A
% Foreign Born	0.0%	N/A

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Mortgage and Risk — New Prospect, AL

According to HUD data as of 2023, there were 21 mortgage originations in New Prospect, AL, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in New Prospect, AL. Investor activity is low, as 0.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	21
% Conventional Loans	90.0%
% Government Loans	10.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	14.0%

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Rentals and Section 8 — New Prospect, AL

New Prospect, AL 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	$820
2 Bedroom	N/A	N/A	$1,030
3 Bedroom	N/A	N/A	$1,290
4 Bedroom	N/A	N/A	$1,370

New Prospect, AL—35441

Key Metrics at a Glance

Home Price Trends — New Prospect, AL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — New Prospect, AL

% of Rental Stock

Property Listings — New Prospect, AL

Demographics — New Prospect, AL

Race and Ethnicity

Mortgage and Risk — New Prospect, AL

Mortgages

Rentals and Section 8 — New Prospect, AL

Section 8 Market Size

Section 8 Opportunity

Affordability — New Prospect, AL

Home Price to Income Ratio

New Prospect, AL — ZIP Code Boundary Map

Nearby ZIP Codes

Sawyerville, AL

Moundville, AL

Knoxville, AL

Fosters, AL

Greensboro, AL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	N/A
Median Home Price	N/A
Median Household Income	$51,400

New Prospect, AL—35441

Key Metrics at a Glance

Home Price Trends — New Prospect, AL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — New Prospect, AL

% of Rental Stock

Property Listings — New Prospect, AL

Demographics — New Prospect, AL

Race and Ethnicity

Mortgage and Risk — New Prospect, AL

Mortgages

Rentals and Section 8 — New Prospect, AL

Section 8 Market Size

Section 8 Opportunity

Affordability — New Prospect, AL

Home Price to Income Ratio

New Prospect, AL — ZIP Code Boundary Map

Nearby ZIP Codes

Sawyerville, AL

Moundville, AL

Knoxville, AL

Fosters, AL

Greensboro, AL

Frequently Asked Questions

What is the average home price in New Prospect, AL 35441?

How have home prices in New Prospect, AL 35441 changed over the past year?

What is the home price projection for New Prospect, AL 35441?

What are the demographics of New Prospect, AL 35441?

How long does it take homes to sell in New Prospect, AL 35441?

What is the average rent price in New Prospect, AL 35441?