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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Prosper, TX Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Prosper, TX Housing Market Trends

With a population of 37,746, 9,071 total housing units (homes and apartments), and a median house value of $787,593, 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 ( 88.93%).

Prosper homes and real estate are some of the newest in America. 91.46% 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 ( 7.28%), and between 1940-1969 ( 0.96%).

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 137.30% over the last ten years, which is an average annual home appreciation rate of 9.03%, 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 1.07%, 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 -0.34%, which equates to an annual appreciation rate of -1.36%.

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

$787,593

Prosper, TX Home Prices
> $1,302,000
$977,001 - $1,302,000
$651,001 - $977,000
$521,001 - $651,000
$391,001 - $521,000
$260,001 - $391,000
$130,001 - $260,000
$65,001 - $130,000
$0 - $65,000
11.1%
11.1%
14.4%
14.4%
40.8%
40.8%
20.8%
20.8%
7.1%
7.1%
3.3%
3.3%
0.9%
0.9%
0.7%
0.7%
1.0%
1.0%
0% 100.0%
% of Homes
Very High

for Texas

Very High

for nation

Number of Homes And Apartments:

9,071

Prosper Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,259 / per month

Homeownership Rate

Owners
Renters
88.9%
88.9%
11.1%
11.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.0%
9.0%
91.0%
91.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
91.5%
91.5%
7.3%
7.3%
1.0%
1.0%
0.3%
0.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
90.5%
90.5%
1.0%
1.0%
1.0%
1.0%
6.8%
6.8%
0.5%
0.5%
0.2%
0.2%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.7%
0.7%
3.8%
3.8%
5.2%
5.2%
13.5%
13.5%
47.7%
47.7%
29.2%
29.2%
0% 100.0%
% of Homes