Living in Prospect, Indiana
Cost of living, income, home prices, rent and demographics of Prospect · Census data 2020–2024
Prospect has 96 residents with a median age of 64.2. The median home value is $215,800.
Prospect is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Prospect at a glance
- Population
- 96
- Median age
- 64.2State: 38.1
- Median home value
- $215,800State: $218,200
- Homeowners
- 43.3%
- Bachelor's degree or higher
- 0%
Is Prospect a good place to live?
Pros: Home values about the same as the state median.
The weather is best in May and August to October.
Cost of living in Prospect
Housing is the biggest part of the cost of living. In Prospect the median home value is $215,800, 35% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay — a month in housing costs.
Housing in Prospect: homes for sale and rent
- Housing units
- 93
- Owner-occupied
- 43.3%
- Renter-occupied
- 56.7%
- Vacant
- 35.5%Includes seasonal homes
- Median year built
- 1972
- Average household size
- 1.60
35.5% of homes are vacant most of the year, a sign that Prospect has many vacation and second homes.
Prospect demographics
- Population
- 96
- Median age
- 64.2
- Under 18
- 0%
- 65 and older
- 20.8%
- Households
- 60
- Foreign-born
- 0%
- Veterans
- 0%Adults 18+
Hispanic or Latino can be of any race. Population history of Prospect ›
Education in Prospect
0% of adults 25 and older in Prospect have a bachelor's degree or higher (Indiana: 29.5%), and 0% have a graduate or professional degree.
Jobs and commute in Prospect
- Unemployment rate
- 0%State: 4.3%
- Average commute
- —State: 24 min
- Work from home
- 0%
- Drive alone
- 100%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 100%
Prospect vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Prospect | 96 | — | $215,800 | — |
| West Baden Springs | 543 | $42,857 | $163,800 | $817 |
| French Lick | 1,828 | $54,519 | $85,100 | $828 |
| Paoli | 3,125 | $42,906 | $150,700 | $799 |
| Huron | 237 | $88,333 | — | — |
| Orleans | 2,235 | $65,330 | $117,500 | $850 |
| Shoals | 679 | $38,333 | $151,500 | $383 |
| Mitchell | 3,937 | $48,930 | $114,500 | $849 |
| Dubois | 439 | $80,988 | $288,600 | — |
More for people moving to Prospect
Prospect ZIP code ›Weather and climate ›Living in Prospect: FAQ
What is the average home price in Prospect?
The median home value in Prospect is $215,800, compared with $218,200 in Indiana.
Is Prospect, IN a good place to live?
Pluses: home values about the same as the state median.
What is the median age in Prospect?
The median age in Prospect is 64.2 years (Indiana: 38.1).
What is the unemployment rate in Prospect?
The unemployment rate in Prospect is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Prospect?
0% of adults in Prospect have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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