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Housing in Prosper

A typical Prosper home is worth roughly $298,000

Home prices around Prosper have risen about 47% over the past 5 years.

Typical home value
$298K
▲ 2.1% in a year · SD $322K
Estimate
2-bedroom rent
$930
a month, utilities in · HUD
Median tax bill
$2,938
SD $2,724

What kind of housing town is Prosper?

Read from the numbers below. The page puts what stands out first.

★ What stands out · The homes

93% of Prosper households own their home

Half of Prosper’s homes were built before 1981.

Owners and renters
Own 93%Rent 7%

South Dakota: 69% own.

1981
typical home built · SD 1980
$2,938
median property tax bill · SD $2,724

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Price trend

Home prices up 47% in 5 years

The federal house price index for the ZIP code around Prosper rose 47% over the past 5 years, about the same as across South Dakota. Last year prices rose 2.1%.

Prosper areaSouth Dakota
0%+50%+100%+150%+200%200020052010201520202025
+2.1%
past year
+47%
past 5 years
+71%
past 10 years

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Prosper, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

Affordability

What it takes to buy in Prosper

Try your own numbers below.

You could afford about
$286,000
Typical Prosper home $298K

That’s $12K short of a typical Prosper home.

The typical home, each month
$1,820
Loan $1,470Tax $260Insurance $90

A two-bedroom rents for about $930 a month here, $890 less than owning.

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the South Dakota typical property tax (1.06% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $930

Fair Market Rent a month, utilities included

Studio$640
1 bedroom$710
2 bedrooms$930
3 bedrooms$1,290
4 bedrooms$1,560
7%
of households rent · SD 31%
3
renter households

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Davison County, SD): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Prosper vs. its neighbors

The towns that share a border with Prosper. Tap one to see its housing page.

Compare more
TownTypical value1-yr change2-bed rentMedian income
Prosper$298K*+2.1%†$930$85,208
Lisbon—+2.1%†$980—

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Prosper buyers, sellers and renters are saying.

Town Square →
Weigh in
Is Prosper still affordable for young families?

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Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.

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