Prosper, TX

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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 Q1 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Prosper Housing Market Information

With a population of 20,312, 5,076 total housing units (homes and apartments), and a median house value of $591,197, 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 85.74% of Prosper's homes, and 67.92% 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. 80.17% 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 ( 17.24%), and before 1939 ( 1.34%). There's also some housing in Prosper built between 1940-1969 ( 1.25%).

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 70.79% over the last ten years, which is an average annual home appreciation rate of 5.50%, 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 6.57%, which is higher than appreciation rates in 71.46% 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 1.21%, which equates to an annual appreciation rate of 4.91%.

Relative to Texas, our data show that Prosper's latest annual appreciation rate is higher than 60% of the other cities and towns in Texas.

Average Home Values


Median Home Value:


Value Range
> $1,370,000 1.7
$1,028,001 - $1,370,000 5.1
$685,001 - $1,028,000 19.0
$548,001 - $685,000 26.4
$411,001 - $548,000 22.4
$274,001 - $411,000 13.1
$137,001 - $274,000 8.8
$68,001 - $137,000 2.7
$0 - $68,000 0.8

Very High for TX
Very High for Nation

Value Relative to Nation Value Relative to State
4.80583941605839 1.84287099903007

Number Of Homes And Apartments:

Prosper Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
116.79% 4.10%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,686 / per month

Homeownership Rate

Owners 85.74
Renters 14.26
Vacant 6.73

Housing Market Details


Age of Homes

2000 or Newer 80.2
1970 - 1999 17.2
1940 - 1969 1.2
1939 or Older 1.3

Types of Homes

Single-Family 87.7
Townhomes 0.3
Small Apt. Buildings 1.5
Apt. Complexes 8.8
Mobile Homes 1.7
Other 0.0

Home Size

No Bedroom 0.81
1 Bedroom 5.86
2 Bedrooms 5.64
3 Bedrooms 24.35
4 Bedrooms 43.57
5 or more bedrooms 19.77