Prospect, Virginia.
Typical home $211,629 (+6.5% in a year).
to buy the typical home at today's mortgage rate — +$535 (+93%) since Jan 2020.
- 1 year
- Up $12,949 +7%
- $198,680$211,629 since Sep 2025
- 5 years
- Up $20,604 +11%
- $191,025$211,629 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$1,111
- Virginia$2,164
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 34 years.
Typical home values in Prospect, VA rose 6.5% over the past year — faster than the nation's +1.2%.
Living in Prospect, Prince Edward County, Virginia
The Census does not count Prospect on its own, so the figures here are Prince Edward County's. Half the county's households earn more than $56,315 a year and half less; 21% of the county's people live below the poverty line. 58% of the county's homes are lived in by their owners and 42% are rented. Unemployment in Prince Edward County was 5.5% in August 2026, and the county had 0.4% fewer jobs in 2025 than the year before. The most people in Prince Edward County work in schools and health care, then shops.
Written by AI Claude Haiku 5.5 wrote this on 22 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 It can be wrong or out of date.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 small community in Prince Edward County, in central Virginia. Across the county, the population is younger than the country as a whole, and most homes are lived in by their owners, though renting is more common here than across the country. Median household income sits below the national level, and more residents live below the poverty line than across the country.
Work. Most residents work in schools, hospitals and social care, shops, restaurants and hotels, or local government. Commutes are fairly short, and few people work from home, so most leave the house each day for work. Fewer adults hold a four-year degree than across the country, and the county's job count eased slightly last year.
Things to do. Holliday Lake State Park is a protected area a short drive away, a good spot for walks and time outdoors. The Robert Russa Moton Museum, also a short drive away, tells the story of the county's history in the twentieth century. For a longer outing, the Bush River is a river a longer drive away, where you can enjoy quiet water.
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- 7,641households
- 32.6median age
- 27%of adults have a degree
- 21%below the poverty line
- 26 mintypical commute
- 7%work from home
What people in Prince Edward County work in
Employed residents by industry, from the Census survey. Prince Edward County had 8,700 jobs in 2025, 0.4% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 48° and lows near 26°; warmest in July, with highs near 88° and lows near 67°. About 6 inches of snow and 44 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Farmville North weather station, 10 miles away (NOAA).
Largest workplaces in Prince Edward County
- Longwood UniversityUniversity or college797
- WalmartWarehouse clubs and supercenters331
- Hampden-Sydney CollegeUniversity or college329
- Prince Edward County Public SchoolsSchool district304FTE
- Aramark LONGWOOD UNIVERSITYFood service contractors215
- Hill Valley HealthcareSkilled nursing facilities154
- StepsWorkshops for persons with disabilities139
- Lowe's Companies, INCHomecenter122
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 16 workplaces with 20 or more staff, 1,595 people in all. Colleges come from IPEDS (NCES, 2023–24) and school districts from the Common Core of Data (NCES, 2023–24); 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
- DroughtRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across Prince Edward County, against the rest of the country; all of them together, very low. 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 Prince Edward County.
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$211,629
- Virginia$412,252
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
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.
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.