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 6,242 people, 2,255 houses or apartments, and a median cost of homes of $296,458, Prosser real estate values are some of the lowest in Washington, although compared to real estate around the nation, Prosser homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Prosser, accounting for 65.04% of the city's housing units. Other types of housing that are prevalent in Prosser include large apartment complexes or high rise apartments ( 23.14%), mobile homes or trailers ( 6.49%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.83%).
The most prevalent building size and type in Prosser are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.23% owning and 44.77% renting.
There is a lot of housing in Prosser built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Prosser built between 1940-1969 ( 29.38%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.86%). There's also some housing in Prosser built before 1939 ( 11.86%).
Appreciation rates for homes in Prosser have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 102.84%, which ranks in the top 30% nationwide. This equates to an annual average Prosser house appreciation rate of 7.33%.
Over the last year, Prosser appreciation rates have trailed the rest of the nation. In the last twelve months, Prosser's appreciation rate has been -0.83%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Prosser were at -0.85%, which equates to an annual appreciation rate of -3.36%.
Notably, Prosser's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Washington, our data show that Prosser's latest annual appreciation rate is lower than 70% of the other cities and towns in Washington.
$296,458
for Washington
for nation
2,255
$1,506 / per month