Prospect, TN
Population 165 · Tennessee
About Prospect, TN
Prospect is a small community in Tennessee with a population of 165 residents. The median household income is $74,583 per year, which is above the national average. The median age in Prospect is 41.8 years.
Housing in Prospect has a median home value of $117,000 and median monthly rent of $0. Of the 36 total housing units, the majority are owner-occupied, with 29 owner-occupied and 7 renter-occupied units.
The unemployment rate in Prospect is 6.5% and the poverty rate is 0.0%. 40.0% of residents hold a bachelor's degree or higher. The average commute time is 31.6 minutes.
How Prospect Ranks in Tennessee
Cost of Living in Prospect, TN
Compared to national averages, Prospect has a median household income of $74,583 (1% below the national median of $75,149). Home values average $117,000, which is 52% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Tennessee, Prospect's income is 19% above the state average of $62,849, and home values are 45% below the state median of $214,371.
Why Live in Prospect, TN?
Prospect offers affordable housing with a median home value of $117,000, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a well-educated community where 40.0% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 0.0%, better than the national average.
Potential considerations include median household income ($74,583) 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 165 with a median age of 41.8 years. Compare Prospect with other cities to see how it stacks up, or explore all cities in Tennessee.
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Other Cities in Tennessee
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Prospect
What is the population of Prospect, TN?
The population of Prospect, TN is 165 according to the latest Census data.
What is the median household income in Prospect?
The median household income in Prospect, TN is $74,583 per year.
What is the median home value in Prospect?
The median home value in Prospect, TN is $117,000.
What is the average rent in Prospect?
The median monthly rent in Prospect, TN is $0.
What is the unemployment rate in Prospect?
The unemployment rate in Prospect, TN is 6.5%.