Prospect, ME demographics:
population, income, and more

Total population
1,038
-0.4% year-over-year change
Median household income
$77,560/yr
7.5% year-over-year change
Housing units
550
-1.1% year-over-year change

Prospect population

How many people live in Prospect

Prospect is home to 1,038 residents, according to the most recent Census data. Gender-wise, 50% of Prospect locals are male, and 50.1% are female.

Total population
1,038
-0.4% year-over-year change
Gender ratio
Male
50%
519
Female
50.1%
520
Value Percent YoY change
Male 519 50% 1.4%
Female 520 50.1% -1.9%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Prospect is 51, with the population distributed as follows: about 15.4% are children under 15, then 7.3% are in the 15 to 24 age group. Adults between 25 and 44 make up 20.1% of the population, while another 30.6% fall into the 45 to 64 bracket. Finally, around 26.5% are 65 or older.

Median age
50.6
Age breakdown
Under 15
15.4%
15 to 24
7.3%
25 to 44
20.1%
45 to 64
30.6%
Over 65
26.5%
Value Percent YoY change
Under 15 160 15.4% 12.7%
15 to 24 76 7.3% -3.8%
25 to 44 209 20.1% -2.8%
45 to 64 318 30.6% -2.1%
Over 65 275 26.5% -1.8%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Prospect, 96.8% of the population are US-born citizens, while 1.4% have gained naturalized citizenship. At the same time, 1.7% of residents are non-citizens. As for race, 92.9% of locals are Caucasian, 0.2% are African American and 0.2% have Asian roots. There’s also a share of 5.1% that includes residents with two or more races.

Citizenship
U.S.-born citizens
96.8%
Non-U.S.-born citizens
1.4%
Non-citizens
1.7%
Value Percent YoY change
U.S.-born citizens 1,006 96.8% -0.3%
Non-U.S.-born citizens 15 1.4% 50.0%
Non-citizens 18 1.7% -21.7%
Racial breakdown
White
92.9%
Black or African American
0.2%
American Indian and Alaska Native
1.4%
Asian
0.2%
Native Hawaiian and other Pacific Islander
0%
Two or more races
5.1%
Other
0.2%
Value Percent
White 964 92.9%
Black or African American 2 0.2%
American Indian and Alaska Native 15 1.4%
Asian 2 0.2%
Two or more races 53 5.1%
Other 2 0.2%

Households in Prospect

A peek inside Prospect households

Prospect has 469 households, with an average of 2 members in each. Of these, 67.2% are families, while the remaining 32.8% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
469
-2.1% year-over-year change
Average people per household
2
Non-family households
154
Family households
315
Value Percent YoY change
Non-family households 154 32.8% 1.3%
Family households 315 67.2% -4.0%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Prospect

The housing landscape of Prospect

Prospect's housing consists of 550 units, with 70.6% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 6.7% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 15.1% of the housing landscape.

Housing units
550
-1.1% year-over-year change
Housing types
Value Percent
1 unit, detached 389 70.6%
1 unit, attached 37 6.7%
2 units 10 1.8%
3 or 4 units 20 3.6%
5 to 9 units 12 2.2%
Mobile home 83 15.1%
Homes built since 2020
14
366.7% year-over-year change

The age of buildings in Prospect

In Prospect, the median construction year is 1990. About 20.7% of homes were built before the 1940s, with another 4.2% going up by 1949. Most development happened in the second half of the 20th century. Then, 26.7% of homes were added from 2000 to 2009, 7.6% between 2010 and 2019, and 2.6% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 114 20.7% -8.8%
Built between 1940 and 1949 23 4.2% 130.0%
Built between 1950 and 1959 15 2.7% -16.7%
Built between 1960 and 1969 21 3.8% 0.0%
Built between 1970 and 1979 41 7.4% 17.1%
Built between 1980 and 1989 63 11.4% 1.6%
Built between 1990 and 1999 70 12.7% -6.7%
Built between 2000 and 2009 147 26.7% -8.7%
Built between 2010 and 2019 42 7.6% -6.7%
Built in 2020 or later 14 2.6% 366.7%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Prospect occupancy rates

Out of the 469 occupied housing units in Prospect, 84.4% are owner-occupied, while 15.6% are lived in by tenants. Meanwhile, 14.7% of all homes on the local market sit vacant.

Occupied housing units
469
-2.1% year-over-year change
Occupancy breakdown
Renter occupied
73
Owner occupied
396
Value Percent YoY
change
Renter occupied 73 15.6% -2.7%
Owner occupied 396 84.4% -2.2%
Unoccupied housing units
14.7%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Prospect housing costs

Housing costs in Prospect come to a median of $1,128 per month, while tenants specifically pay a median gross rent of $1,290.

Median housing costs per month
$1,128/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Prospect
$1,290/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Prospect

Prospect education at a glance

About 38.5% of the population in Prospect went to high school, while 22% pursued college studies. Another 11.4% earned an associate degree and 14.1% hold a bachelor’s. Meanwhile, 12.8% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 11 1.3% 10.0%
High school diploma 331 38.5% -8.1%
College diploma 189 22% 9.2%
Associate degree 98 11.4% -6.7%
Bachelor's degree 121 14.1% 16.4%
Graduate degree 110 12.8% -9.8%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Prospect

How much people earn in Prospect

The average annual household income in Prospect was $85,179 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +3.3% change from the previous year. At the same time, the median income stood at $77,560, reflecting a +7.5% shift over the same period.

Average household income in Prospect
$85,179/year
3.3% year-over-year change
Median household income in Prospect
$77,560/year
7.5% year-over-year change

Prospect income by age

In Prospect, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $88,929. Those with someone between 45 and 64 in charge, often well established professionally, earn $80,625 overall. Overall, 88.1% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
25 - 44 $88,929 4.0%
45 - 64 $80,625 7.2%
Over 65 $59,750 -1.9%
Above poverty level
899
Below poverty level
121
Value Percent YoY
change
Above poverty level 899 88.1% -0.1%
Below poverty level 121 11.9% -1.6%

Employment in Prospect

Workforce and job types in Prospect

71.6% of the working population are employed in professional or administrative positions, while 28.4% are in hands-on or service-based jobs. Also, 10% run their own businesses, 57.8% are employed by private companies, and 16.3% work in the public sector.

Workforce demographics

White collar
343
Blue collar
136
Value Percent YoY change
White collar 343 71.6% 8.5%
Blue collar 136 28.4% -6.8%
Employer type
Self employees
10%
Private companies
57.8%
Governmental workers
16.3%
Not for profit companies
15.9%
Value Percent YoY change
Self employees 48 10% 2.1%
Private companies 277 57.8% 4.5%
Governmental workers 78 16.3% 2.6%
Not for profit companies 76 15.9% 2.7%

Transportation in Prospect

How people get around in Prospect

Commuting methods vary: 97.7% of residents travel by personal vehicle and 1.8% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 384 97.7% 2.1%
Motorcycle 2 0.5% -66.7%
Walk 7 1.8% 16.7%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Prospect by zipcode?

Zipcode Population Number of households Median income Average income
04981 2,575 1,163 $77,560 $85,179

Explore more communities

FAQs about Prospect demographics 

What is the total population of Prospect?

Prospect has a total population of 1,038 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by -0.4% compared to a year ago.

What is the gender ratio in Prospect?

The gender ratio in Prospect is as follows:
  • 50% males (519 residents)
  • 50.1% females (520 residents)

What is the median age in Prospect?

The median age in Prospect is 50.6.

What is the age distribution of the population in Prospect?

The age distribution in Prospect is as follows:
  • Under 15: 15.4% (160 residents)
  • Ages 15-24: 7.3% (76 residents)
  • Ages 25-44: 20.1% (209 residents)
  • Ages 45-64: 30.6% (318 residents)
  • Over 65: 26.5% (275 residents)

What is the racial and ethnic makeup of Prospect?

The racial and ethnic makeup of Prospect is as follows:
  • White: 92.9% (964 residents)
  • Black or African American: 0.2% (2 residents)
  • American Indian and Alaska Native: 1.4% (15 residents)
  • Asian: 0.2% (2 residents)
  • Native Hawaiian and Other Pacific Islander: 0% ( residents)
  • Two or More Races: 5.1% (53 residents)
  • Other: 0.2% (2 residents)

What percentage of the population in Prospect are U.S.-born citizens?

U.S.-born citizens represent 96.8% of the population in Prospect.

How many housing units are there in Prospect?

There are 550 housing units in Prospect, reflecting a -1.1% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Prospect and what is the average household size?

Prospect has a total of 469 households, with an average of 2 people in each.

What is the median household income in Prospect?

Prospect has a median household income of $77,560, representing a +7.5% shift from the previous year, according to the U.S. Census Bureau.

What is the job market overview for Prospect?

Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 71.6% (343 residents)
  • Blue-collar workers: 28.4% (136 residents)

Places of employment:
  • Self-employed: 10% (48 residents)
  • Private companies: 57.8% (277 residents)
  • Governmental workers: 16.3% (78 residents)
  • Not-for-profit companies: 15.9% (76 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025