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Prospect, TN
Full City Profile · Tennessee · Lincoln County County
4.5
/5.0
A+
Excellent
165
Population
118/sq mi density
$74,583
Median Income
$26,327 per capita
$117,000
Home Value
$249,516 Zillow
60°F
Avg Temperature
301 sunny days/yr
A+
Overall
4.5 / 5.0
Strong
A
Economy
4.2 / 5.0
$74,583 median income, 4.0% unemployment
A+
Affordability
5.0 / 5.0
$117,000 home value, /mo rent
A
Education
4.2 / 5.0
40.0% bachelor's degree or higher
Housing Overview
Median Home Value
$117,000
58% below
US avg: $281,900
Homeownership Rate
80.6%
23% above US avg (65.4%)
Total Housing Units
37
Median year built: 1994
Home Value by Source
Census Median
$117,000
Zillow (ZHVI)
$249,516
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
80.6%
Owner-Occupied
19.4%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$882/mo
1 Bedroom
$924/mo
2 Bedroom
$1,118/mo
3 Bedroom
$1,445/mo
4 Bedroom
$1,644/mo
Affordability & Housing Stock
Rent Burden
30.7%
of renters spending 30%+ of income on housing
1% below US avg (31.0%)
Median Year Built
1994
Average age of housing stock: 32 years
Homeownership Rate
80.6%
Complete Housing Data
Home Values
| Census Median Value | $117,000 |
| Zillow Home Value (ZHVI) | $249,516 |
Rent
| FMR Studio | $882 |
| FMR 1-Bedroom | $924 |
| FMR 2-Bedroom | $1,118 |
| FMR 3-Bedroom | $1,445 |
| FMR 4-Bedroom | $1,644 |
Market
Ownership & Stock
| Owner-Occupied | 80.6% |
| Renter-Occupied | 19.4% |
| Homeownership Rate | 80.6% |
| Total Housing Units | 37 |
| Median Year Built | 1994 |
| Rent Burden | 30.7% |