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Prosper, TX Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,276
Monthly Cash Flow
-$2,761
Principal + Equity
$4,847
Annual Total Gain
$25,030
Cash on Cash
-16.58%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$244
Occupancy Rate
53.57%
Monthly Revenue
$2,042
Monthly Cash Flow
-$3,302
Principal + Equity
$4,847
Annual Total Gain
$18,542
Cash on Cash %
-19.83%
Net ROI %
Market Health & Growth
Median Income
$187,603
Population
34,567
LTR Renter %
11.83%
Forecast (1 yr)
0.1%
Appreciation (1 yr)
-3.85%
Appreciation (5 yr)
60.84%
Appreciation (10 yr)
85.19%
Job Growth
10.15%
LTR Rentability
Very High
STR Demand
41
STR Rentals
31
Top Public Schools
ALebanon Trail High School
ANewman Elementary School
A
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A
Overall
Top-level market grade
Best Suburbs to Raise a Family in Texas
#30out of 417 markets
Places with the Best Public Schools in Texas
#34out of 707 markets
Suburbs with the Best Public Schools in Texas
#33out of 417 markets
A
Public School
B-
Crime And Safety
B
Housing
C
Nightlife
A
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Prosper, TX.
As of September 2021, Prosper, TX does not have specific regulations in place for short term rentals. However, it is important for investors to be aware that regulations can change quickly and it is always recommended to check with the local government or homeowners association for any updates or changes to regulations.
Investors should also be aware of potential restrictions or regulations that may be put in place in the future, such as limits on the number of days a property can be rented out, noise restrictions, parking restrictions, or zoning regulations.
Additionally, investors should consider the potential impact of short term rentals on the community and neighbors, as some residents may have concerns about increased traffic, noise, or disruptions from short term rental properties.
Overall, it is important for investors to thoroughly research and understand the regulations and potential risks associated with short term rentals in Prosper, TX before making an investment in a property for this purpose.
Market Trends Over Time
Explore 25 years of market data for Prosper, TX, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Prosper, TX.
The LTR Genie Score of Prosper, TX is 59 and the STR Genie Score is 34, indicating a moderate and low rating respectively. The high LTR Rentability suggests that long-term rental properties in Prosper are in demand, while the low STR Genie Score may be due to the relatively low STR Net ROI and occupancy rate. The 1-Year Price Appreciation Forecast of 0.1% indicates stable growth potential.
Prosper, TX is a rapidly growing suburb located in the Dallas-Fort Worth metroplex, known for its top-rated schools and family-friendly community. The area has seen steady population growth and development in recent years, making it an attractive market for real estate investors.
Based on the metrics provided, Prosper, TX appears to be more favorable for long-term rental investment due to the high LTR Rentability and Net ROI. However, investors may also consider diversifying their portfolio with short-term rental properties to capitalize on the growing tourism market in the area. Overall, Prosper, TX presents a promising opportunity for real estate investment, particularly in the long-term rental sector.
LTR Genie Score 93
$199,000
🛏 3 Beds🛁 1.0000 Baths🏙 1,352 sqft.🏠 SINGLE FAMILY
