Prospect, OH 43342 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Prospect, OH—43342

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$257,000

6.1% YoY Growth

Household Income

$71,700

19.7% YoY Growth

Days on Market

43.0% Longer YoY

Home Price Forecast

3.6%

Median Rent

$1,380

40.8% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,100

27.2% YoY Growth

3-Bed Rent

$1,450

15.4% YoY Growth

Home Price Trends — Prospect, OH

As of Dec '25, the median home price in Prospect, OH is $257,000, with a year-over-year change of 6.1%. This indicates that home prices in Prospect, OH are increasing. According to Zillow, the 1-year price projection is 3.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$257,000	6.1%
Single Family	$260,000	6.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Prospect, OH

As of July '25, Rentcast reports the average rent in Prospect, OH is $1,400, with a year-over-year rent change of 40.8%. Per bedroom, the median rent as of July '25 in Prospect, OH is 2-bedrooms: $1,240, 3-bedrooms: $1,500. The most common rental property sizes in Prospect, OH are 2-bedroom and 3-bedroom, accounting for 52.6% and 36.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,380	$1,400
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,100	$1,240
3 Bed Rent	$1,450	$1,500
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

6.2%

2 Bedrooms

52.6%

3 Bedrooms

36.4%

4 Bedrooms

2.4%

5+ Bedrooms

2.4%

Property Listings — Prospect, OH

As of Dec '25, Realtor.com reports that the median days on market for a home in Prospect, OH is 48. This is a decrease of -13.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$281,000	3.0%
Listing Count	8	39.0%
Listings as % of Homes	0.5%	39.0%
Days on Market	80	43.0%

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Demographics — Prospect, OH

As of the latest ACS Survey released in 2023, Prospect, OH has a population of 3,570, which has increased by 24.6% over the past 5 years. Prospect, OH is a moderately popular place for families, as children make up 17.5% of the population. The area has a poorly educated workforce, with 17.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,570	24.6%
% Under 18	17.5%	-28.0%
% Seniors	22.5%	17.2%
% WFH	4.5%	32.4%
% w/ College Degree	17.6%	-7.9%

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As of the latest ACS Survey released in 2023, Prospect, OH is a predominantly white area, with 97.0% of the population identifying as white. The white population has grown by 0.1% in the last 5 years. The second most common race or ethnicity in Prospect, OH is asian, making up 0.4% of the population. Foreign-born residents account for 1.4% of the population in Prospect, OH, and this percentage has increased by 366.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	97.0%	0.1%
% Black	0.0%	-100.0%
% Hispanic	0.3%	-81.2%
% Asian	0.4%	∞%
% Foreign Born	1.4%	366.7%

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Mortgage and Risk — Prospect, OH

According to HUD data as of 2023, there were 107 mortgage originations in Prospect, OH, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Prospect, OH. Investor activity is low, as 0.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	107
% Conventional Loans	88.0%
% Government Loans	12.0%
% Investor Loans	0.0%
% Second Loans	1.0%
% Cash Out Refinance	20.0%

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Rentals and Section 8 — Prospect, OH

Prospect, OH lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	1
Total Units Section 8	1
% 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	$960
2 Bedroom	$80	$1,100	$1,180
3 Bedroom	-$30	$1,450	$1,420
4 Bedroom	N/A	N/A	$1,580

Prospect, OH—43342

Key Metrics at a Glance

Home Price Trends — Prospect, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Prospect, OH

% of Rental Stock

Property Listings — Prospect, OH

Demographics — Prospect, OH

Race and Ethnicity

Mortgage and Risk — Prospect, OH

Mortgages

Rentals and Section 8 — Prospect, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Prospect, OH

Home Price to Income Ratio

Prospect, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Green Camp

Delaware, OH

Waldo, OH

Marion, OH

Magnetic Springs

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.1
Median Home Price	$257,000
Median Household Income	$71,700

Prospect, OH—43342

Key Metrics at a Glance

Home Price Trends — Prospect, OH

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Prospect, OH

% of Rental Stock

Property Listings — Prospect, OH

Demographics — Prospect, OH

Race and Ethnicity

Mortgage and Risk — Prospect, OH

Mortgages

Rentals and Section 8 — Prospect, OH

Section 8 Market Size

Section 8 Opportunity

Affordability — Prospect, OH

Home Price to Income Ratio

Prospect, OH — ZIP Code Boundary Map

Nearby ZIP Codes

Green Camp

Delaware, OH

Waldo, OH

Marion, OH

Magnetic Springs

Frequently Asked Questions

What is the average home price in Prospect, OH 43342?

How have home prices in Prospect, OH 43342 changed over the past year?

What is the home price projection for Prospect, OH 43342?

What are the demographics of Prospect, OH 43342?

How long does it take homes to sell in Prospect, OH 43342?

What is the average rent price in Prospect, OH 43342?