Prospect, Oregon.
Typical home $331,631 (-1.8% in a year). Medford, OR metro.
to buy the typical home at today's mortgage rate — +$885 (+103%) since Jan 2020.
- 1 year
- Down $5,949 -2%
- $337,581$331,631 since Sep 2025
- 5 years
- Up $26,385 +9%
- $305,246$331,631 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Prospect$1,741
- Oregon$2,586
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 42 years.
Typical home values in Prospect, OR fell 1.8% over the past year — slower than the nation's +1.2%.
Living in Prospect, Jackson County, Oregon
Prospect, in Jackson County, had 449 people in the 2020 census. Unemployment in Jackson County was 5.9% in August 2026, and the county had 0.9% more jobs in 2025 than the year before. The most people in Jackson County work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Prospect is a very small community in the Rogue River country of southwestern Oregon, where neighbors tend to know one another. Winters are cold, with a fair amount of snow, and summers turn quite warm; across the year the area gets plenty of rain and melted snow. Fewer adults here hold a four-year degree than you might find in larger cities, and the typical commute to work is a long one.
Work. Residents work mostly in schools, hospitals and social care, in shops, in restaurants, hotels and entertainment, and in professional and business services. Very few work from home, which fits with the long drive many make to their jobs. Across Jackson County, some of the largest workplaces are Medford Schools, Providence Medford Medical Center and Lithia Motors.
Things to do. Mill Creek Falls and Barr Creek Falls are both waterfalls in or beside town, and the Middle Fork Rogue River also runs through the area. Prospect State Scenic Viewpoint is a protected area in or beside town as well. For a longer outing, Crater Lake National Park is a longer drive away.
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- 16%of adults have a degree
- 36 mintypical commute
- 1%work from home
What people in Jackson County work in
Employed residents by industry, from the Census survey. Jackson County had 91,966 jobs in 2025, 0.9% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 48° and lows near 30°; warmest in August, with highs near 89° and lows near 49°. About 21 inches of snow and 41 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Prospect Southwest weather station, 3 miles away (NOAA).
Largest workplaces in Jackson County
- Medford SD 549CSchool district1,538FTE
- Flowers.com,IncMail-order houses1,459
- City Of MedfordGeneral services departments, government863
- Providence Medford Medical CenterGeneral hospital842FTE
- Lithia MotorsNew car dealers840
- Veterans Health AdministrationFederal government · Department of Veterans Affairs770
- Rogue Regional Medical CenterGeneral hospital755FTE
- Amy's KitchenSoups, frozen, manufacturing700
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 210 workplaces with 20 or more staff, 21,275 people in all across the county; Prospect has two of its own. School districts come from the Common Core of Data (NCES, 2023–24), hospitals from their Medicare cost reports (CMS, 2023) and federal offices from OPM's federal workforce data (2026); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- WildfireVery high
- Winter weatherRelatively high
- Inland floodingRelatively high
- LandslidesRelatively moderate
- EarthquakesRelatively moderate
- Heat wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Prospect’s census tracts, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Jackson County and the Medford, OR metro.
Prospect home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Prospect$331,631
- Oregon$492,753
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Prospect9
Zip codes with a Prospect address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Prospect — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.