Living in Prospect, Oregon
Cost of living, income, home prices, rent and demographics of Prospect · Census data 2020–2024
Prospect has 723 residents with a median age of 56.2. The median household income is $53,625 (35% lower than the Oregon median), the median home value is $326,400, the median rent is $843/month.
Prospect is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Prospect at a glance
- Population
- 723
- Median age
- 56.2State: 40.4
- Median household income
- $53,625State: $83,011
- Median home value
- $326,400State: $477,600
- Median rent
- $843/moState: $1,525
- Homeowners
- 84.7%
- Bachelor's degree or higher
- 16.4%
- Average commute
- 36 min
Is Prospect a good place to live?
Pros: Home values 32% lower than the state median.
Cons: Median household income 35% lower than the Oregon median; an average commute of 36 minutes; a poverty rate of 15.3%.
The weather is best in June to September.
Cost of living in Prospect
Housing is the biggest part of the cost of living. In Prospect the median home value is $326,400, about the same as the U.S. median. Renters pay a median of $843 per month, which is 51% of household income. Homeowners with a mortgage pay $1,615 a month in housing costs.
Prospect median household income
The median household income in Prospect is $53,625 and the income per person is $26,607. 15.3% of residents live below the poverty line (Oregon: 11.9%).
Housing in Prospect: homes for sale and rent
- Housing units
- 313
- Owner-occupied
- 84.7%
- Renter-occupied
- 15.3%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1979
- Average household size
- 2.31
Prospect demographics
- Population
- 723
- Median age
- 56.2
- Under 18
- 16%
- 65 and older
- 33.6%
- Households
- 313
- Foreign-born
- 2.4%
- Veterans
- 19.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Prospect ›
Education in Prospect
16.4% of adults 25 and older in Prospect have a bachelor's degree or higher (Oregon: 36.8%), and 5.3% have a graduate or professional degree.
Jobs and commute in Prospect
- Unemployment rate
- 0%State: 5.4%
- Average commute
- 36 minState: 23 min
- Work from home
- 1.1%
- Drive alone
- 80.5%
- Public transit
- 0%
- Walk to work
- 18.4%
- Homes with broadband
- 86.6%
Prospect vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Prospect | 723 | $53,625 | $326,400 | $843 |
| Butte Falls | 364 | $36,979 | $253,800 | $903 |
| Trail | 769 | $23,427 | — | — |
| Shady Cove | 3,076 | $57,000 | $367,900 | $1,110 |
| Eagle Point | 9,839 | $84,126 | $408,700 | $1,307 |
| White City | 10,750 | $71,175 | $302,400 | $1,379 |
| Oregon Shores | 428 | $69,688 | — | — |
| Chiloquin | 465 | $33,839 | $93,800 | $647 |
| Central Point | 19,216 | $86,058 | $389,100 | $1,364 |
More for people moving to Prospect
Prospect ZIP code ›Weather and climate ›Living in Prospect: FAQ
What is the median household income in Prospect, OR?
The median household income in Prospect is $53,625, 35% lower than the Oregon median of $83,011 (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 $326,400, compared with $477,600 in Oregon.
How much is rent in Prospect?
The median gross rent in Prospect is $843 per month, about 51% of household income.
Is Prospect, OR a good place to live?
Pluses: home values 32% lower than the state median. Minuses: median household income 35% lower than the Oregon median; an average commute of 36 minutes; a poverty rate of 15.3%.
What is the median age in Prospect?
The median age in Prospect is 56.2 years (Oregon: 40.4).
How long is the commute in Prospect?
The average commute to work in Prospect is 36 minutes; 1.1% of workers work from home.
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?
16.4% 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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