The typical owner-occupied home in Prosper is worth about $823,700, 2.9 times the Texas median of $283,800 and 2.5 times the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 1.21% of their home's value, lower than the Texas rate of 1.49%. The median household earns $195,281 a year, so the median home costs 4.2 times the median income (3.6 times for Texas). 88% of occupied homes here are lived in by their owners, and 77% of those owners still have a mortgage.
Prosper at a glance
| Prosper | Texas | U.S. | |
|---|---|---|---|
| Median home value | $823,700 | $283,800 | $332,700 |
| Median property tax paid per year | $10,001 | $4,232 | $3,119 |
| Property tax as a share of value | 1.21% | 1.49% | 0.94% |
| Median household income | $195,281 | $78,476 | $80,734 |
| Homes lived in by their owners | 88% | 63% | 65% |
| Owner homes with a mortgage | 77% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $4,001 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 22.1% | 21.7% | 21.0% |
| Median rent | $2,176 | $1,403 | $1,413 |
| Rent as a share of renters' income | 27.7% | 30.9% | 30.6% |
| Median year homes were built | 2014 | 1992 | 1980 |
| Vacant homes | 5.7% | 9.4% | 10.1% |
| Population | 37,869 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Prosper
At this week's average 30-year rate of 7.11%, buying the median Prosper home of $823,700 with 20% down costs about $5,607 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $7,111, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $240,285 for the 20%-down payment. That payment is 34% of the median Prosper household income of $195,281; at that income and 20% down, the 28% guideline points to a home of about $669,000.
The median rent here is $2,176 a month, so owning the median home costs about $3,431 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $164,740 |
|---|---|
| Loan amount | $658,960 |
| Principal and interest | $4,433 |
| Property taxes (1.21% a year) | $831 |
| Homeowners insurance (our estimate, 0.5% a year) | $343 |
| PMI | $0 |
| Total per month | $5,607 |
Change the numbers in the calculator
| Down payment | $28,830 |
|---|---|
| Loan amount | $808,781 |
| Principal and interest | $5,441 |
| Property taxes (1.21% a year) | $831 |
| Homeowners insurance (our estimate, 0.5% a year) | $343 |
| FHA mortgage insurance | $497 |
| Total per month | $7,111 |
Change the numbers in the calculator
Questions about home buying in Prosper
What is the median home value in Prosper?
About $823,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Prosper?
Homeowners pay a median $10,001 a year, which is about 1.21% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Prosper?
For the median home with 20% down at 7.11%, the payment is about $5,607 a month. Keeping that under 28% of gross income takes about $240,285 a year.
More about Prosper
- Mortgage Refinance in Prosper
- Debt Relief in Prosper
- Home Equity Loans in Prosper
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data