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East Prospect

Learn about the people, housing, costs and businesses in East Prospect, Pennsylvania

Median Home$234,500
Median Rent$890/month
Population810
Leading IndustryRetail20% of local workforce
Home Value Growth⬆⬆+15.9% over 2 years
Young Adults26% of residents
Homeowners88% of occupied units
NotableHigh Incomes$97k/year · top 19% nationally
East Prospect
PA

Frequently Asked Questions

What are today's mortgage rates in East Prospect?

As of today, the 30-year fixed mortgage rate for East Prospect is approximately 6.938% (6.976% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in East Prospect?

The median home value in East Prospect is $235k. The median monthly rent is $890. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in East Prospect?

Home values in East Prospect have increased 15.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in East Prospect?

Based on a typical all-in ownership cost of $1,168/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in East Prospect is $97k/year.

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What industries drive the economy in East Prospect?

The largest employment sectors in East Prospect are public administration (25%) and retail (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.