Prosper, TX—75078
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Prosper, TX
As of Oct '25, the median home price in Prosper, TX is $763,000, with a year-over-year change of -4.1%. This indicates that home prices in Prosper, TX are decreasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $763,000 | -4.1% |
| Single Family | $763,000 | -4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $423,000 | -5.2% |
3 Bed | $523,000 | -5.4% |
4 Bed | $743,000 | -4.3% |
| 5 Bed | $913,000 | -4.9% |
% of Housing Stock
Rental Trends — Prosper, TX
As of July '25, Rentcast reports the average rent in Prosper, TX is $3,270, with a year-over-year rent change of -5.8%. Per bedroom, the median rent as of July '25 in Prosper, TX is 1-bedrooms: $1,320, 2-bedrooms: $1,870, 3-bedrooms: $2,830, 4-bedrooms: $3,690. The most common rental property sizes in Prosper, TX are 2-bedroom and 3-bedroom, accounting for 30.0% and 24.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,900 | $3,270 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,270 | $1,320 |
| 2 Bed Rent | $1,600 | $1,870 |
| 3 Bed Rent | $2,740 | $2,830 |
| 4 Bed Rent | $3,250 | $3,690 |
% of Rental Stock
Property Listings — Prosper, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Prosper, TX is 79. This is a increase of 28.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $824,000 | -1.0% |
Listing Count | 397 | 9.0% |
| Listings as % of Homes | 2.3% | 9.0% |
Days on Market | 79 | 28.0% |
Demographics — Prosper, TX
As of the latest ACS Survey released in 2023, Prosper, TX has a population of 46,900, which has increased by 98.7% over the past 5 years. Prosper, TX is a popular place for families, as children make up 33.0% of the population. The area has a highly educated workforce, with 63.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 32.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 46,900 | 98.7% |
% Under 18 | 33.0% | -7.0% |
% Seniors | 8.3% | 45.6% |
% WFH | 32.4% | 123.4% |
% w/ College Degree | 63.0% | 7.9% |
As of the latest ACS Survey released in 2023, Prosper, TX is a predominantly white area, with 58.8% of the population identifying as white. The white population has shrunk by 23.0% in the last 5 years. The second most common race or ethnicity in Prosper, TX is asian, making up 13.8% of the population. Foreign-born residents account for 18.5% of the population in Prosper, TX, and this percentage has increased by 156.9% 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 | 58.8% | -23.0% |
% Black | 7.0% | -18.6% |
% Hispanic | 13.7% | 50.5% |
% Asian | 13.8% | 236.6% |
% Foreign Born | 18.5% | 156.9% |
Mortgage and Risk — Prosper, TX
According to HUD data as of 2023, there were 1049 mortgage originations in Prosper, TX, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Prosper, TX. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,049 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Prosper, TX
As of 2024, the percent of homes in Prosper, TX under the Section 8 program is 3.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Prosper, TX, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 54 |
Total Units Section 8 | 54 |
% Rentals under Section 8 | 3.0% |
% Occupied Section 8 | 74.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $1,010 | $1,270 | $2,280 |
| 2 Bedroom | $1,070 | $1,600 | $2,670 |
| 3 Bedroom | $610 | $2,740 | $3,350 |
| 4 Bedroom | $1,050 | $3,250 | $4,300 |
Affordability — Prosper, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $763,000 |
| Median Household Income | $188,000 |