Prosper, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Prosper Neighborhoods Since 2000




Prosper, TX Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Prosper Housing Market Information

With 15,967 people, 4,248 houses or apartments, and a median cost of homes of $522,809, Prosper house prices are not only among the most expensive in Texas, Prosper real estate also is some of the most expensive in all of America.

Prosper is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Prosper than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Prosper. Owner-occupied housing accounts for 77.87% of Prosper's homes, and 64.90% have either three or four bedrooms, which is average sized relative to America.

Prosper homes and real estate are some of the newest in America. 76.61% of Prosper's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Prosper real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 19.07%), and between 1940-1969 ( 3.19%). There's also some housing in Prosper built before 1939 ( 1.12%).

Prosper Home Appreciation Rates

In the last 10 years, Prosper has experienced some of the highest home appreciation rates of any community in the nation. Prosper real estate appreciated 49.76% over the last ten years, which is an average annual home appreciation rate of 4.12%, putting Prosper in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Prosper definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Prosper that despite a nationwide downturn in the housing market, Prosper real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Prosper appreciation rates continue to be some of the highest in America, at 9.18%, which is higher than appreciation rates in 91.34% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Prosper. Prosper appreciation rates in the latest quarter were at 2.35%, which equates to an annual appreciation rate of 9.75%.

Importantly, this makes Prosper one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Texas, our data show that Prosper's latest annual appreciation rate is higher than 80% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$522,809

Prosper, TX HOME PRICES

Value Range
> $1,362,000 0.7
$1,022,001 - $1,362,000 3.0
$681,001 - $1,022,000 17.5
$545,001 - $681,000 19.0
$409,001 - $545,000 33.8
$272,001 - $409,000 15.1
$136,001 - $272,000 6.9
$68,001 - $136,000 3.3
$0 - $68,000 0.8

Very High for TX
Very High for Nation

Value Relative to Nation Value Relative to State
5.30880112504395 2.33463035019455

Number Of Homes And Apartments:
4,248

Prosper Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
81.73% 3.52% 7 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,652 / per month

Homeownership Rate

Homeownership
Owners 77.87
Renters 22.13
Vacant 6.45

Housing Market Details

 

Age of Homes

AGE OF Prosper HOMES
2000 or Newer 76.6
1970 - 1999 19.1
1940 - 1969 3.2
1939 or Older 1.1

Types of Homes

TYPE OF Prosper HOMES
Single-Family 80.7
Townhomes 0.3
Small Apt. Buildings 2.4
Apt. Complexes 13.9
Mobile Homes 2.8
Other 0.0

Home Size

SIZE OF Prosper HOMES
No Bedroom 0.57
1 Bedroom 7.18
2 Bedrooms 10.11
3 Bedrooms 22.77
4 Bedrooms 42.13
5 or more bedrooms 17.24