Living in Prospect, Ohio
Cost of living, income, home prices, rent and demographics of Prospect · Census data 2020–2024
Prospect has 1,157 residents with a median age of 31.4. The median household income is $70,833 (about the same as the Ohio median), the median home value is $164,100, the median rent is $1,072/month.
Prospect is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Prospect at a glance
- Population
- 1,157
- Median age
- 31.4State: 39.7
- Median household income
- $70,833State: $71,389
- Median home value
- $164,100State: $214,800
- Median rent
- $1,072/moState: $1,034
- Homeowners
- 73.3%
- Bachelor's degree or higher
- 18.8%
- Average commute
- 30 min
Is Prospect a good place to live?
Pros: Home values 24% lower than the state median; a poverty rate of 11.5%.
Cons: Median household income about the same as the Ohio median; an average commute of 30 minutes; unemployment of 5.9%.
The weather is best in May–June and August–September.
Cost of living in Prospect
Housing is the biggest part of the cost of living. In Prospect the median home value is $164,100, 51% lower than the U.S. median. Renters pay a median of $1,072 per month, which is 27.6% of household income. Homeowners with a mortgage pay $1,186 a month in housing costs.
Prospect median household income
The median household income in Prospect is $70,833 and the income per person is $30,115. 11.5% of residents live below the poverty line (Ohio: 13.3%).
Housing in Prospect: homes for sale and rent
- Housing units
- 489
- Owner-occupied
- 73.3%
- Renter-occupied
- 26.7%
- Vacant
- 7.2%Includes seasonal homes
- Median year built
- 1953
- Average household size
- 2.55
Prospect demographics
- Population
- 1,157
- Median age
- 31.4
- Under 18
- 29.3%
- 65 and older
- 13.9%
- Households
- 454
- Foreign-born
- 0.6%
- Veterans
- 5.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Prospect ›
Education in Prospect
18.8% of adults 25 and older in Prospect have a bachelor's degree or higher (Ohio: 31.5%), and 3.6% have a graduate or professional degree.
Jobs and commute in Prospect
- Unemployment rate
- 5.9%State: 4.8%
- Average commute
- 30 minState: 23 min
- Work from home
- 3.2%
- Drive alone
- 91.3%
- Public transit
- 0%
- Walk to work
- 1.5%
- Homes with broadband
- 95.4%
Prospect vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Prospect | 1,157 | $70,833 | $164,100 | $1,072 |
| Waldo | 370 | $64,519 | $150,000 | $917 |
| Green Camp | 437 | $56,250 | $123,300 | $775 |
| Richwood | 2,332 | $64,007 | $180,300 | $852 |
| Magnetic Springs | 359 | $77,813 | $137,500 | $1,000 |
| Marion | 35,669 | $47,951 | $119,500 | $856 |
| New Bloomington | 430 | $25,250 | — | $962 |
| Ashley | 1,593 | $56,596 | $153,400 | $1,039 |
| Ostrander | 1,008 | $159,375 | $485,600 | $1,000 |
More for people moving to Prospect
Prospect ZIP code ›Weather and climate ›Living in Prospect: FAQ
What is the median household income in Prospect, OH?
The median household income in Prospect is $70,833, about the same as the Ohio median of $71,389 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Prospect?
The median home value in Prospect is $164,100, compared with $214,800 in Ohio.
How much is rent in Prospect?
The median gross rent in Prospect is $1,072 per month, about 27.6% of household income.
Is Prospect, OH a good place to live?
Pluses: home values 24% lower than the state median; a poverty rate of 11.5%. Minuses: median household income about the same as the Ohio median; an average commute of 30 minutes; unemployment of 5.9%.
What is the median age in Prospect?
The median age in Prospect is 31.4 years (Ohio: 39.7).
How long is the commute in Prospect?
The average commute to work in Prospect is 30 minutes; 3.2% of workers work from home.
What is the unemployment rate in Prospect?
The unemployment rate in Prospect is 5.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Prospect?
18.8% 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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