Prospect, PA—16052
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Prospect, PA
As of Oct '25, the median home price in Prospect, PA is $287,000, with a year-over-year change of -2.9%. This indicates that home prices in Prospect, PA are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $287,000 | -2.9% |
| Single Family | $289,000 | -4.0% |
| 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, PA
Prospect, PA 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, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Prospect, PA is 42. This is a decrease of -4.0% 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 | $265,000 | -34.0% |
Listing Count | 5 | 62.0% |
| Listings as % of Homes | 0.4% | 62.0% |
Days on Market | 42 | -4.0% |
Demographics — Prospect, PA
As of the latest ACS Survey released in 2023, Prospect, PA has a population of 2,250, which has decreased by -8.9% over the past 5 years. Prospect, PA is a moderately popular place for families, as children make up 16.5% of the population. The area has a poorly educated workforce, with 20.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,250 | -8.9% |
% Under 18 | 16.5% | -15.8% |
% Seniors | 20.8% | 11.8% |
% WFH | 9.9% | 191.2% |
% w/ College Degree | 20.6% | -27.0% |
As of the latest ACS Survey released in 2023, Prospect, PA is a predominantly white area, with 92.3% of the population identifying as white. The white population has grown by 1.8% in the last 5 years. The second most common race or ethnicity in Prospect, PA is hispanic, making up 1.7% of the population. Foreign-born residents account for 1.1% of the population in Prospect, PA, and this percentage has increased by 10.0% 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 | 92.3% | 1.8% |
% Black | 0.0% | N/A |
% Hispanic | 1.7% | -46.9% |
% Asian | 0.7% | 40.0% |
% Foreign Born | 1.1% | 10.0% |
Mortgage and Risk — Prospect, PA
Prospect, PA 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, PA
Prospect, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 5.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,030 |
| 2 Bedroom | N/A | N/A | $1,240 |
| 3 Bedroom | N/A | N/A | $1,580 |
| 4 Bedroom | N/A | N/A | $1,700 |
Affordability — Prospect, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $287,000 |
| Median Household Income | $79,400 |