Prospect, TN demographics:
population, income, and more

Total population
145
-12.1% year-over-year change
Median household income
$61,607/yr
-17.4% year-over-year change
Housing units
43
19.4% year-over-year change

Prospect population

How many people live in Prospect

Prospect is home to 145 residents, according to the most recent Census data. Gender-wise, 26.9% of Prospect locals are male, and 73.1% are female.

Total population
145
-12.1% year-over-year change
Gender ratio
Male
26.9%
39
Female
73.1%
106
Value Percent YoY change
Male 39 26.9% -33.9%
Female 106 73.1% 0.0%
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 52, with the population distributed as follows: about 2.8% are children under 15, then 13.1% are in the 15 to 24 age group. Adults between 25 and 44 make up 29% of the population, while another 38.6% fall into the 45 to 64 bracket. Finally, around 16.6% are 65 or older.

Median age
52
Age breakdown
Under 15
2.8%
15 to 24
13.1%
25 to 44
29%
45 to 64
38.6%
Over 65
16.6%
Value Percent YoY change
Under 15 4 2.8% -20.0%
15 to 24 19 13.1% -5.0%
25 to 44 42 29% -38.2%
45 to 64 56 38.6% -5.1%
Over 65 24 16.6% 84.6%
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

At the same time, 2.1% of residents are non-citizens. There’s also a share of 4.8% that includes residents with two or more races.

Citizenship
U.S.-born citizens
97.9%
Non-U.S.-born citizens
0%
Non-citizens
2.1%
Value Percent YoY change
U.S.-born citizens 142 97.9% -11.8%
Non-citizens 3 2.1% -25.0%
Racial breakdown
White
94.5%
Black or African American
0%
American Indian and Alaska Native
0.7%
Asian
0%
Native Hawaiian and other Pacific Islander
0%
Two or more races
4.8%
Other
0%
Value Percent
White 137 94.5%
American Indian and Alaska Native 1 0.7%
Two or more races 7 4.8%

Households in Prospect

A peek inside Prospect households

Prospect has 43 households, with an average of 3 members in each. Of these, 23.3% are families, while the remaining 76.7% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
43
19.4% year-over-year change
Average people per household
3
Non-family households
33
Family households
10
Value Percent YoY change
Non-family households 33 76.7% 26.9%
Family households 10 23.3% 0.0%
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 43 units, with 60.5% being detached single-family homes ideal for those wanting space. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 39.5% of the housing landscape.

Housing units
43
19.4% year-over-year change
Housing types
Value Percent
1 unit, detached 26 60.5%
Mobile home 17 39.5%
Homes built since 2020
11
% year-over-year change

The age of buildings in Prospect

In Prospect, the median construction year is 1996. Most development happened in the second half of the 20th century.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 16 37.2% -15.8%
Built between 1980 and 1989 2 4.6% -33.3%
Built between 1990 and 1999 6 14% -14.3%
Built between 2000 and 2009 8 18.6% 14.3%
Built in 2020 or later 11 25.6% N/A
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 43 occupied housing units in Prospect, 86% are owner-occupied, while 14% are lived in by tenants.

Occupied housing units
43
19.4% year-over-year change
Occupancy breakdown
Renter occupied
6
Owner occupied
37
Value Percent YoY
change
Renter occupied 6 14% -14.3%
Owner occupied 37 86% 27.6%
Unoccupied housing units
0.0%
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

Median housing costs per month
$375/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.

Education in Prospect

Prospect education at a glance

About 48.4% of the population in Prospect went to high school, while 3.9% pursued college studies. Another earned an associate degree and 37.5% hold a bachelor’s. Meanwhile, 5.5% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 6 4.7% 20.0%
High school diploma 62 48.4% -22.5%
College diploma 5 3.9% 0.0%
Bachelor's degree 48 37.5% 0.0%
Graduate degree 7 5.5% -12.5%
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 $71,521 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a -17.1% change from the previous year. At the same time, the median income stood at $61,607, reflecting a -17.4% shift over the same period.

Average household income in Prospect
$71,521/year
-17.1% year-over-year change
Median household income in Prospect
$61,607/year
-17.4% year-over-year change

Prospect income by age

Those with someone between 45 and 64 in charge, often well established professionally, earn $120,417 overall. Overall, 100% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
45 - 64 $120,417 5.9%
Above poverty level
145
Below poverty level
0
Value Percent YoY
change
Above poverty level 145 100% -12.1%

Employment in Prospect

Workforce and job types in Prospect

The job market in Prospect is powered by 58 working residents, spread across a range of industries and roles. 65.5% of the working population are employed in professional or administrative positions, while 34.5% are in hands-on or service-based jobs.

Workforce demographics

Working population
58
-32.6% year-over-year change
White collar
38
Blue collar
20
Value Percent YoY change
White collar 38 65.5% -25.5%
Blue collar 20 34.5% -42.9%
Employer type
Self employees
0%
Private companies
94.8%
Governmental workers
0%
Not for profit companies
5.2%
Value Percent YoY change
Private companies 55 94.8% -32.9%
Not for profit companies 3 5.2% -25.0%
Unemployment rate
4.9%
-50.0% year-over-year change

Available workforce

The unemployment rate in Prospect stands at 4.9%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Prospect

How people get around in Prospect

In Prospect, the average commute time is 32 minutes.

Commute time
32 min
0.9% year-over-year change
Means of transportation
Value Percent YoY change
Car 48 82.8% -36.8%
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
38477 2,821 1,049 $60,542 $78,973

Explore more communities

FAQs about Prospect demographics 

What is the total population of Prospect?

Prospect has a total population of 145 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 -12.1% compared to a year ago.

What is the gender ratio in Prospect?

The gender ratio in Prospect is as follows:
  • 26.9% males (39 residents)
  • 73.1% females (106 residents)

What is the median age in Prospect?

The median age in Prospect is 52.

What is the age distribution of the population in Prospect?

The age distribution in Prospect is as follows:
  • Under 15: 2.8% (4 residents)
  • Ages 15-24: 13.1% (19 residents)
  • Ages 25-44: 29% (42 residents)
  • Ages 45-64: 38.6% (56 residents)
  • Over 65: 16.6% (24 residents)

What is the racial and ethnic makeup of Prospect?

The racial and ethnic makeup of Prospect is as follows:
  • White: 94.5% (137 residents)
  • Black or African American: 0% (0 residents)
  • American Indian and Alaska Native: 0.7% (1 residents)
  • Asian: 0% (0 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 4.8% (7 residents)
  • Other: 0% (0 residents)

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

U.S.-born citizens represent 97.9% of the population in Prospect.

How many housing units are there in Prospect?

There are 43 housing units in Prospect, reflecting a +19.4% 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 43 households, with an average of 3 people in each.

What is the median household income in Prospect?

Prospect has a median household income of $61,607, representing a -17.4% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Prospect?

The employment rate is 95.1% in Prospect, with a workforce of 58 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 65.5% (38 residents)
  • Blue-collar workers: 34.5% (20 residents)

Places of employment:
  • Self-employed: 0% (0 residents)
  • Private companies: 94.8% (55 residents)
  • Governmental workers: 0% (0 residents)
  • Not-for-profit companies: 5.2% (3 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