House Prices

House Prices & Home Values Prospect, VA 2026


Average Data

average house price$228,925
average size per house2023 ft²
average price per ft²114 $ / ft²

04/17/2026 - The value range (VR) for house prices in Prospect, VA is $106/ sqft to $106/ sqft. An average home with 2023 sqft costs approximately $214,438 to $214,438. Prospect, VA includes 1 ZIP codes and it is located in Prince Edward county. The lowest prices are found in ZIP 23960, while the highest are in ZIP 23960. The average price per sqare feet is $114. Our analysis is based on 6 property listings.

Avergage prices by ZIP codes Prospect

2396099 $ / ft²




Historical development of home values in Prospect

Year Estimated value (USD) Change vs. 2025
2010 $106,317 -53.6%
2011 $102,206 -55.4%
2012 $101,930 -55.5%
2013 $105,740 -53.8%
2014 $110,998 -51.5%
2015 $116,695 -49.0%
2016 $122,785 -46.4%
2017 $129,412 -43.5%
2018 $136,567 -40.3%
2019 $142,899 -37.6%
2020 $150,286 -34.4%
2021 $170,935 -25.3%
2022 $199,271 -13.0%
2023 $210,141 -8.2%
2024 $222,298 -2.9%
2025 $228,925 0.0%

Graph: estimated home values in Prospect over time (USD)



Example: 100% financing house in Prospect

Loan amount: $228,925

Interest rate: 6.00%

Fixed monthly payment: $1,372.52

Breakdown in the 1st month:
Interest portion: $1,144.63  –  Principal portion: $227.90

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $13,659.03 $2,811.23 $226,113.77
2 $13,485.64 $2,984.62 $223,129.16
3 $13,301.55 $3,168.70 $219,960.46
4 $13,106.11 $3,364.14 $216,596.32
5 $12,898.62 $3,571.63 $213,024.69
6 $12,678.33 $3,791.92 $209,232.76
7 $12,444.45 $4,025.80 $205,206.96
8 $12,196.15 $4,274.10 $200,932.86
9 $11,932.53 $4,537.72 $196,395.14
10 $11,652.66 $4,817.60 $191,577.55
11 $11,355.52 $5,114.74 $186,462.81
12 $11,040.05 $5,430.20 $181,032.61
13 $10,705.13 $5,765.12 $175,267.49
14 $10,349.55 $6,120.70 $169,146.78
15 $9,972.04 $6,498.22 $162,648.57
16 $9,571.24 $6,899.01 $155,749.56
17 $9,145.73 $7,324.53 $148,425.03
18 $8,693.96 $7,776.29 $140,648.74
19 $8,214.34 $8,255.91 $132,392.83
20 $7,705.13 $8,765.12 $123,627.71
21 $7,164.52 $9,305.73 $114,321.98
22 $6,590.56 $9,879.69 $104,442.29
23 $5,981.21 $10,489.05 $93,953.24
24 $5,334.26 $11,135.99 $82,817.25
25 $4,647.42 $11,822.83 $70,994.42
26 $3,918.21 $12,552.04 $58,442.38
27 $3,144.03 $13,326.22 $45,116.16
28 $2,322.10 $14,148.15 $30,968.01
29 $1,449.47 $15,020.78 $15,947.23
30 $523.02 $15,947.23 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Prospect, VA


1500 sqft3900 sqft
Ø selling price$206,911$440,155
Ø fast selling$188,101$396,139
Ø high price sale$225,721$484,170

In 2026, houses in Prospect, VA will be offered at an average price of $114 per square foot. A 1,500 sqft home priced at $206,911 is 21.39% more expensive per square foot than a 3,900 sqft home priced at $440,155. Home prices in Prospect, VA vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $304,722. Sellers who can wait longer may achieve a higher price of up to $372,439.


Prospect, VA: A Peaceful Central Virginia Community

Overview

Prospect, VA is a quiet unincorporated community in Prince Edward County, offering a classic slice of Central Virginia life.
Travelers and new residents appreciate its rural charm, easy access to outdoor adventures, and proximity to nearby Farmville.

Location & Access

Set along the US 460 corridor, Prospect provides convenient drives to Lynchburg and Richmond while maintaining a peaceful country setting.
Its location makes it a practical base for exploring regional attractions and colleges like Longwood University in Farmville.

Outdoor Recreation

The nearby High Bridge Trail State Park invites visitors to hike, bike, and horseback ride on a scenic multi-use path that stretches for miles across Central Virginia.
Birding, photography, and picnicking are popular things to do in Prospect VA for families seeking fresh air and simple fun.

History & Community

Rooted in rail and agricultural heritage, Prospect, Virginia values neighborly connections, local churches, and seasonal community gatherings.
History enthusiasts also enjoy short day trips to Appomattox Court House National Historical Park and the Civil War sites around Farmville.

Living in Prospect

Homebuyers researching Prospect Virginia real estate find country homes, small farms, and wooded acreage that often deliver strong value for the price.
Whether you are planning a weekend getaway or a permanent move, Prospect, VA offers a peaceful lifestyle with essential amenities within easy reach.



FAQ – Home Values in Prospect

What is the median home value in Prospect in 2026?

In 2026, the typical home value in Prospect is about $228,925 for an average home size of 2023 square feet. This corresponds to an average price of roughly $114 per square foot.

What is the average cost per square foot in Prospect?

In 2026, homes in Prospect sell for an average of around $114 per square foot, with a typical range between $106 and $106 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Prospect is about 2023 square feet, with an estimated 2026 value around $228,925.



Locations close to Prospect, VA

Randolph, VA118 $ / ft²
Red House, VA104 $ / ft²
Red Oak, VA109 $ / ft²
Phenix, VA95 $ / ft²
Pamplin, VA92 $ / ft²
Meherrin, VA91 $ / ft²
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