New Prospect, TX 75652 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

New Prospect, TX—75652

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$183,000

2.4% YoY Growth

Household Income

$67,000

38.1% YoY Growth

Days on Market

123

26.0% Longer YoY

Home Price Forecast

1.8%

Median Rent

$950

30.8% YoY Growth

1-Bed Rent

$760

N/A

2-Bed Rent

$950

N/A

3-Bed Rent

$900

27.7% YoY Growth

Home Price Trends — New Prospect, TX

As of Dec '25, the median home price in New Prospect, TX is $183,000, with a year-over-year change of -2.4%. This indicates that home prices in New Prospect, TX are decreasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$183,000	-2.4%
Single Family	$183,000	-1.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — New Prospect, TX

As of July '25, Rentcast reports the average rent in New Prospect, TX is $1,100, with a year-over-year rent change of -30.8%. Per bedroom, the median rent as of July '25 in New Prospect, TX is 1-bedrooms: $760, 2-bedrooms: $1,080, 3-bedrooms: $1,150, 4-bedrooms: $1,400. The most common rental property sizes in New Prospect, TX are 2-bedroom and 3-bedroom, accounting for 42.9% and 32.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$950	$1,100
Studio Rent	N/A	N/A
1 Bed Rent	$760	$760
2 Bed Rent	$950	$1,080
3 Bed Rent	$900	$1,150
4 Bed Rent	$1,400	$1,400

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% of Rental Stock

Studio

8.2%

1 Bedroom

12.1%

2 Bedrooms

42.9%

3 Bedrooms

32.8%

4 Bedrooms

4.0%

Property Listings — New Prospect, TX

As of Dec '25, Realtor.com reports that the median days on market for a home in New Prospect, TX is 116. This is a increase of 10.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$265,000	-3.0%
Listing Count	53	33.0%
Listings as % of Homes	0.6%	33.0%
Days on Market	123	26.0%

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Demographics — New Prospect, TX

As of the latest ACS Survey released in 2023, New Prospect, TX has a population of 14,800, which has decreased by -12.8% over the past 5 years. New Prospect, TX is a less popular place for families, as children make up 14.3% of the population. The area has a poorly educated workforce, with 14.7% 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	14,800	-12.8%
% Under 18	14.3%	-23.9%
% Seniors	14.9%	-2.6%
% WFH	3.3%	-41.1%
% w/ College Degree	14.7%	2.1%

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As of the latest ACS Survey released in 2023, New Prospect, TX is a predominantly white area, with 54.2% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in New Prospect, TX is hispanic, making up 20.0% of the population. Foreign-born residents account for 6.9% of the population in New Prospect, TX, and this percentage has decreased by 15.9% 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	54.2%	-3.6%
% Black	19.7%	-12.1%
% Hispanic	20.0%	3.1%
% Asian	0.5%	-44.4%
% Foreign Born	6.9%	-15.9%

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Mortgage and Risk — New Prospect, TX

According to HUD data as of 2023, there were 131 mortgage originations in New Prospect, TX, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in New Prospect, TX. Investor activity is low, as 6.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	131
% Conventional Loans	87.0%
% Government Loans	13.0%
% Investor Loans	6.0%
% Second Loans	6.0%
% Cash Out Refinance	6.0%

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Rentals and Section 8 — New Prospect, TX

As of 2024, the percent of homes in New Prospect, TX under the Section 8 program is 5.1%. 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 New Prospect, 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	127
Total Units Section 8	57
% Rentals under Section 8	5.1%
% Occupied Section 8	82.8%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$90	$760	$850
2 Bedroom	$160	$950	$1,110
3 Bedroom	$510	$900	$1,410
4 Bedroom	$100	$1,400	$1,500

New Prospect, TX—75652

Key Metrics at a Glance

Home Price Trends — New Prospect, TX

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — New Prospect, TX

% of Rental Stock

Property Listings — New Prospect, TX

Demographics — New Prospect, TX

Race and Ethnicity

Mortgage and Risk — New Prospect, TX

Mortgages

Rentals and Section 8 — New Prospect, TX

Section 8 Market Size

Section 8 Opportunity

Affordability — New Prospect, TX

Home Price to Income Ratio

New Prospect, TX — ZIP Code Boundary Map

Nearby ZIP Codes

Longview, TX

Hickey, TX

Tatum, TX

Sexton City, TX

Kilgore, TX

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.8
Median Home Price	$183,000
Median Household Income	$67,000

New Prospect, TX—75652

Key Metrics at a Glance

Home Price Trends — New Prospect, TX

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — New Prospect, TX

% of Rental Stock

Property Listings — New Prospect, TX

Demographics — New Prospect, TX

Race and Ethnicity

Mortgage and Risk — New Prospect, TX

Mortgages

Rentals and Section 8 — New Prospect, TX

Section 8 Market Size

Section 8 Opportunity

Affordability — New Prospect, TX

Home Price to Income Ratio

New Prospect, TX — ZIP Code Boundary Map

Nearby ZIP Codes

Longview, TX

Hickey, TX

Tatum, TX

Sexton City, TX

Kilgore, TX

Frequently Asked Questions

What is the average home price in New Prospect, TX 75652?

How have home prices in New Prospect, TX 75652 changed over the past year?

What is the home price projection for New Prospect, TX 75652?

What are the demographics of New Prospect, TX 75652?

How long does it take homes to sell in New Prospect, TX 75652?

What is the average rent price in New Prospect, TX 75652?