October's First-Time Homebuyer Report for Prosper

Prosper has an older population than other areas in Texas with a median age of 34 years. It is also very affluent with a median income of $87,784 per household. The Prosper market is almost exclusively made up of detached homes, currently accounting for 100% overall. The top schools in the city are R Steve Folsom Elementary School, Lorene Rogers Middle School, and Prosper High School.

Price Range

Homes in Prosper are generally more expensive than others in the state with a median home value of $299,100 and an average list price of $525,335. On top of a 13.5% decline in sales numbers this week to land at 32 homes over the last 30 days, the Prosper market still shows a new trend downward overall.

Curious as to which homes have been getting the most attention in Prosper? These listings have stirred up interest and produced the most views:

$12.8M   $564K   $585K  

Typical Dwelling

A four-bedroom detached home valued around $521,388 is considered a typical dwelling in Prosper. If a buyer was looking for a similar home, they would need good credit and a $104,278 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $2,745 and the property tax rate is $19.83 per $1,000 of taxable assessed value.

Get started right now by checking out Prosper homes for sale or reviewing Prosper real estate trends.

Data reported through 10/13/2016


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