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 Q3 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 about Scout's Real Estate Data

Prosper Housing Market Information

With 24,579 people, 5,584 houses or apartments, and a median cost of homes of $590,805, 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 85.54% over the last ten years, which is an average annual home appreciation rate of 6.38%, 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 2.66%, 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 1.08%, which equates to an annual appreciation rate of 4.37%.

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

Average Home Values


Median Home Value:


Value Range
> $1,274,000 1.7
$956,001 - $1,274,000 5.5
$638,001 - $956,000 27.7
$510,001 - $638,000 26.1
$382,001 - $510,000 21.9
$255,001 - $382,000 8.7
$128,001 - $255,000 6.3
$63,001 - $128,000 1.3
$0 - $63,000 0.6

Very High for TX
Very High for Nation

Value Relative to Nation Value Relative to State
5.48321167883212 2.3278370514064

Number Of Homes And Apartments:

Prosper Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
125.08% 3.99%
* 10 is highest

Rent & Ownership


Average Market Rent:
$2,020 / per month

Homeownership Rate

Owners 86.46
Renters 13.54
Vacant 8.35

Housing Market Details


Age of Homes

2000 or Newer 83.6
1970 - 1999 14.6
1940 - 1969 1.3
1939 or Older 0.6

Types of 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

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