Prospect, OR
Population 724 · Oregon
About Prospect, OR
Prospect is a small community in Oregon with a population of 724 residents. The median household income is $39,808 per year, which is below the national average. The median age in Prospect is 56.6 years.
Housing in Prospect has a median home value of $309,000 and median monthly rent of $744. Of the 320 total housing units, the majority are owner-occupied, with 244 owner-occupied and 64 renter-occupied units.
The unemployment rate in Prospect is 2.7% and the poverty rate is 20.6%. 14.0% of residents hold a bachelor's degree or higher. The average commute time is 37.2 minutes.
How Prospect Ranks in Oregon
Cost of Living in Prospect, OR
Compared to national averages, Prospect has a median household income of $39,808 (47% below the national median of $75,149). Home values average $309,000, which is 26% above the national median. Monthly rent at $744 is 36% below the US average of $1,163. Within Oregon, Prospect's income is 48% below the state average of $76,196, and home values are 19% below the state median of $382,095.
Why Live in Prospect, OR?
Prospect offers rent that’s lower than the national average at $744/month, and a strong job market with an unemployment rate of just 2.7%.
Potential considerations include median household income ($39,808) that falls below the national average. However, Prospect’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Prospect has a population of 724 with a median age of 56.6 years. Compare Prospect with other cities to see how it stacks up, or explore all cities in Oregon.
Similar Cities Near Prospect
Cities in Oregon with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Arlington | 720 | $75,625 | $159,200 | Compare |
| Glendale | 719 | $39,917 | $173,300 | Compare |
| Crabtree | 717 | $115,750 | $361,100 | Compare |
| Umapine | 713 | $49,688 | $435,500 | Compare |
| Malin | 739 | $53,144 | $183,300 | Compare |
| Prairie City | 739 | $49,702 | $186,400 | Compare |
| Bayshore | 743 | $59,538 | $427,700 | Compare |
| Tetherow | 750 | $210,893 | $2,000,001 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Oregon
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Prospect With Other Cities
Frequently Asked Questions about Prospect
What is the population of Prospect, OR?
The population of Prospect, OR is 724 according to the latest Census data.
What is the median household income in Prospect?
The median household income in Prospect, OR is $39,808 per year.
What is the median home value in Prospect?
The median home value in Prospect, OR is $309,000.
What is the average rent in Prospect?
The median monthly rent in Prospect, OR is $744.
What is the unemployment rate in Prospect?
The unemployment rate in Prospect, OR is 2.7%.