Prosper TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Prosper Housing Market Information

With 22,358 people, 5,584 houses or apartments, and a median cost of homes of $585,684, 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.

The large homes that make up Prosper are primarily owner-occupied ( 86.46%).

Prosper homes and real estate are some of the newest in America. 83.60% 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 ( 14.56%), and between 1940-1969 ( 1.28%).

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 83.83% over the last ten years, which is an average annual home appreciation rate of 6.28%, 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.

Over the last year, Prosper appreciation rates have trailed the rest of the nation. In the last twelve months, Prosper's appreciation rate has been 2.15%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Prosper were at 0.30%, which equates to an annual appreciation rate of 1.20%.

Relative to Texas, our data show that Prosper's latest annual appreciation rate is lower than 90% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$585,684

Prosper, TX HOME PRICES

Value Range
> $1,263,000 1.7
$948,001 - $1,263,000 5.5
$632,001 - $948,000 27.7
$505,001 - $632,000 26.1
$379,001 - $505,000 21.9
$252,001 - $379,000 8.7
$127,001 - $252,000 6.3
$63,001 - $127,000 1.3
$0 - $63,000 0.6

Very High for TX
Very High for Nation

Value Relative to Nation Value Relative to State
5.49489051094891 2.3278370514064

Number Of Homes And Apartments:
5,584

Prosper Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
123.11% 3.99%
8
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,990 / per month

Homeownership Rate

Homeownership
Owners 86.46
Renters 13.54
Vacant 8.35

Housing Market Details

 

Age of Homes

AGE OF Prosper HOMES
2000 or Newer 83.6
1970 - 1999 14.6
1940 - 1969 1.3
1939 or Older 0.6

Types of Homes

TYPE OF Prosper HOMES
Single-Family 88.2
Townhomes 0.5
Small Apt. Buildings 1.2
Apt. Complexes 8.6
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Prosper HOMES
No Bedroom 0.75
1 Bedroom 6.48
2 Bedrooms 4.76
3 Bedrooms 19.81
4 Bedrooms 45.54
5 or more bedrooms 22.65