C

Prospect, VA

Source:

Affordability Score: 56/100

Population: 1,990 · 1 ZIP codes

The affordability dashboard for Prospect, VA aggregates Census ACS 5-Year Estimates across 1 ZIP code covering 1,990 residents, then layers in county-level federal data to produce an overall grade of C (56/100). The headline inputs are median household income of $63,533, median home value of $219,100, median rent of $724 per month, and 21.4% of adults holding a bachelor's degree or higher. These four metrics alone explain most of the variance between city dashboards.

Cross-agency feeds widen the picture beyond Census demographics. HUD publishes a Fair Market Rent for a 2-bedroom in this county at $1,094 per month (studio $916, 1BR $922, 3BR $1,312, 4BR $1,448). Department of Labor data lists infant center-based childcare at $7,734 per year, consuming 12% of the local median household income.

Reading the overall grade requires reading all seven dimensions together. The score weights Income 20%, Safety 20%, Housing 15%, Rent 15%, Education 10%, Commute 10%, and Childcare 10%, with each sub-score benchmarked against national percentiles rather than state averages — so the grade is genuinely comparable across any city in the country. Strengths visible in the raw data for Prospect, VA include rent. Pressure points are education. Unemployment currently reads 0.0% and poverty 18.0% — numbers worth keeping alongside the headline grade.

Score Breakdown

Income C-
$63,533
Median household income
Education F
21.4%
Bachelor's degree or higher
Housing C-
3.4x
Home value $219,100 vs income
Commute N/A
N/A
Average commute time
Rent B+
$1,094/mo
2BR fair market rent (21% of income)
Safety N/A
N/A
Violent crime rate (county)
Childcare C+
$7,734/yr
Center-based infant care (12% of income)

Income & Employment

Median Income
$63,533
▲ 2% vs national
Per Capita Income
$34,559
Unemployment Rate
0.0%
Poverty Rate
18.0%

Housing

Median Home Value
$219,100
▼ 20% vs national
Median Rent
$724/mo
Owner Occupied
74.1%
2BR Fair Market Rent
$1,094/mo
▼ 9% vs national

Fair Market Rents by Bedroom

Studio
$916
1BR
$922
2BR
$1,094
3BR
$1,312
4BR
$1,448

Safety

Violent Crime Rate
Data Source
FBI UCR (county-level)

Education & Family

Bachelor's Degree+
21.4%
▼ 9 ppt vs national
High School+
67.9%
Median Age
35.0
Avg. Commute

Childcare Costs

Infant (Center)
$7,734/yr
12% of income
Toddler (Center)
$5,671/yr
Preschool (Center)
$5,671/yr
School-Age (Center)
$7,064/yr

What This Means

Prospect, VA receives an overall affordability grade of C (56/100), aggregated from 1 ZIP codes with a total population of 1,990. This area performs well in rent. Challenges include education. Data was unavailable for commute, safety — these dimensions were excluded from the overall score.

Nearby City Dashboards

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What are common questions about this dashboard?

Is Prospect, VA affordable?
Prospect, VA receives an overall affordability grade of C (56/100) based on Census, HUD, FBI, and DOL data. Median household income is $63,533. Median home value is $219,100.
What is the cost of living in Prospect?
Key cost metrics: Median rent $724/mo. 2BR fair market rent $1,094/mo. Infant childcare $7,734/yr. Median home value $219,100.
How is the affordability score calculated?
The score evaluates 7 dimensions weighted by importance: Income (20%), Safety (20%), Housing (15%), Rent (15%), Education (10%), Commute (10%), and Childcare (10%). Each metric is compared against national percentile benchmarks from Census, HUD, FBI, and DOL data.

Data as of 2024. Source: U.S. Census Bureau ACS 5-Year Estimates. Source: HUD Fair Market Rents. Source: FBI Uniform Crime Report. Source: DOL National Database of Childcare Prices. Verify with HUD →