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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 34,136, 7,512 total housing units (homes and apartments), and a median house value of $787,382, 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 ( 89.26%).
Prosper homes and real estate are some of the newest in America. 89.22% 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 ( 8.48%), and between 1940-1969 ( 1.38%).
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 157.36% over the last ten years, which is an average annual home appreciation rate of 9.91%, 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 23.07%, which is higher than appreciation rates in 95.66% 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 6.52%, which equates to an annual appreciation rate of 28.76%.
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 90% of the other cities and towns in Texas.
Very High for Nation
Very High for TX