Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 35.1 yrs |
|---|---|
| Avg HH Size | 2.36 |
| Below Poverty | 17.9% ▲ 79% above avg |
| College Grads | 25.6% ▼ 34% below avg |
| Unemployment | 2.1% ▼ 57% below avg |
| No HS Diploma | 25 (1.8%) |
| HS Graduate | 588 (41.9%) |
| Some College | 238 (16.9%) |
| Associates | 194 (13.8%) |
| Bachelors | 25 (1.8%) |
| Graduate Degree | 335 (23.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $61,563 ▼ 19% below avg |
|---|---|
| Median Home Value | $193,400 ▼ 31% below avg |
| Home/Income Ratio | 3.1x (nat avg ~3.5x) |
| Median Rent | $725/mo |
| Total Housing Units | 1,112 |
| Vacant Units | 189 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Prospect is a city in Virginia, located in Prince Edward County. The city spans 1 ZIP code and is home to approximately 2,177 residents. It is a relatively young city, with a median age of 35.1 years.
Economically, Prospect is a solidly middle-class community. The median household income of $61,563 is below the national average. Approximately 17.9% of residents live below the poverty line. The unemployment rate is 2.1%, well below the national average.
The real estate market in Prospect is an affordable housing market. Median home values stand at $193,400, which is below the national average. Renters typically pay around $725 per month. Homeownership is high at 70.6%, typical of suburban and family-oriented communities.
The population of Prospect is moderately educated. 25.6% of adults hold a bachelor's degree or higher — below the national average. The community is majority White (56.73%).
Prospect, VA offers residents a cost-conscious lifestyle within Virginia.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 23960 | 2,177 | $61,563 | $193,400 | $725 | 2.1% | 25.6% | 70.6% |