Prospect, OH—43342
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Prospect, OH
As of Oct '25, the median home price in Prospect, OH is $260,000, with a year-over-year change of 5.9%. This indicates that home prices in Prospect, OH are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $260,000 | 5.9% |
| Single Family | $262,000 | 6.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $178,000 | 6.0% |
3 Bed | $270,000 | 6.3% |
4 Bed | $331,000 | 6.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Prospect, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Prospect, OH is 41. This is a decrease of -31.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $403,000 | 32.0% |
Listing Count | 14 | 26.0% |
| Listings as % of Homes | 0.5% | 26.0% |
Days on Market | 41 | -31.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Prospect, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $260,000 |
| Median Household Income | $71,700 |