The typical owner-occupied home in Prosser is worth about $314,000, 44% below the Washington median of $564,600 and 6% below the national median of $332,700. Owners pay a median $2,800 a year in property taxes, about 0.89% of their home's value, higher than the Washington rate of 0.81%. The median household earns $76,985 a year, so the median home costs 4.1 times the median income (5.8 times for Washington). 54% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
Prosser at a glance
| Prosser | Washington | U.S. | |
|---|---|---|---|
| Median home value | $314,000 | $564,600 | $332,700 |
| Median property tax paid per year | $2,800 | $4,556 | $3,119 |
| Property tax as a share of value | 0.89% | 0.81% | 0.94% |
| Median household income | $76,985 | $98,141 | $80,734 |
| Homes lived in by their owners | 54% | 64% | 65% |
| Owner homes with a mortgage | 64% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $1,604 | $2,445 | $1,963 |
| Those costs as a share of the owners' income | 18.8% | 22.2% | 21.0% |
| Median rent | $944 | $1,760 | $1,413 |
| Rent as a share of renters' income | 29.0% | 30.0% | 30.6% |
| Median year homes were built | 1976 | 1985 | 1980 |
| Vacant homes | 8.4% | 7.3% | 10.1% |
| Population | 6,305 | 7,816,116 | 334,922,499 |
What a typical home costs per month in Prosser
At this week's average 30-year rate of 7.11%, buying the median Prosser home of $314,000 with 20% down costs about $2,054 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,577, 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 $88,010 for the 20%-down payment. That payment is 32% of the median Prosser household income of $76,985; at that income and 20% down, the 28% guideline points to a home of about $275,000.
The median rent here is $944 a month, so owning the median home costs about $1,110 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $62,800 |
|---|---|
| Loan amount | $251,200 |
| Principal and interest | $1,690 |
| Property taxes (0.89% a year) | $233 |
| Homeowners insurance (our estimate, 0.5% a year) | $131 |
| PMI | $0 |
| Total per month | $2,054 |
Change the numbers in the calculator
| Down payment | $10,990 |
|---|---|
| Loan amount | $308,313 |
| Principal and interest | $2,074 |
| Property taxes (0.89% a year) | $233 |
| Homeowners insurance (our estimate, 0.5% a year) | $131 |
| FHA mortgage insurance | $139 |
| Total per month | $2,577 |
Change the numbers in the calculator
Questions about home buying in Prosser
What is the median home value in Prosser?
About $314,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Prosser?
Homeowners pay a median $2,800 a year, which is about 0.89% 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 Prosser?
For the median home with 20% down at 7.11%, the payment is about $2,054 a month. Keeping that under 28% of gross income takes about $88,010 a year.
More about Prosser
- Mortgage Refinance in Prosser
- Debt Relief in Prosser
- Home Equity Loans in Prosser
- 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