The story of this market
The typical home in ZIP 75078 sells for about $825,000, or $234 per square foot.
Prices are down 3.2% from a year ago, which gives buyers more room to negotiate. Homes take about 97 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,288 a month.
ZIP 75078 — Prosper
The 75078 housing market is currently balanced, with a median sale price of $825,000 and a moderate supply of inventory. While year-over-year prices have seen a slight decline, the area remains a high-demand destination for families due to its top-rated school district and ongoing development. Market activity is stable, with buyers exercising more caution and negotiation power than in previous years.
This ZIP is ideal for family buyers seeking master-planned communities and high-performing schools, as well as professionals commuting to the northern Dallas suburbs.
Median prices moved down 3.2% year over year.
Homes spend a median of 97 days on market with 4.5 months of supply — a balanced-paced market.
22% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.6% · poverty 4.9% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 75078
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Prosper generally maintains a low crime rate compared to regional averages in the Dallas-Fort Worth metroplex, with safety being a primary draw for families moving to the area.
The area is served by the highly-rated Prosper Independent School District, which is a primary driver for family-oriented residential demand.
The region is subject to standard North Texas climate risks, including severe thunderstorms and wind events, with insurance premiums trending upward due to regional weather patterns.
Prosper is experiencing rapid residential and commercial expansion, supported by its proximity to the North Dallas employment corridor and significant infrastructure investment.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Texas) — Senior (65+) and Disabled Homestead Exemption and School Tax Ceiling: Grants an additional mandatory $10,000 exemption from ISD appraised value (Taxable Value_ISD = Appraised Value - $100,000 - $10,000) and establishes an absolute statutory tax freeze (school tax ceiling): total ISD property taxes cannot exceed the dollar ceiling established in the… State (Texas) — General Residence Homestead Exemption and 10% Valuation Growth Cap: Imposes mandatory state-level valuation deductions and growth limitations on the qualifying homestead: (1) Mandates a $100,000 deduction from appraised value for independent school district (ISD) maintenance and operations/debt taxation: Taxable Value_ISD = Appraised Value - $100… State (Texas) — Ad Valorem Real Property Taxation and Assessment Ratio: Mandates ad valorem appraisal of all real property at 100% of fair market value as of January 1 each tax year (Assessment Ratio = 1.00). County (Collin County, Texas) — Independent School District Ad Valorem Tax & Mandatory Homestead Exemption: All residential parcels fall into an ISD (e.g., Plano ISD at $1.03955 per $100; Allen ISD at $1.1258 per $100; Prosper ISD at $1.2141 per $100). Imposes standard Maintenance & Operations (M&O) and Interest & Sinking (I&S) rates.
Residents primarily commute via the Dallas North Tollway and US-380, providing access to major employment hubs in Frisco, Plano, and the broader Dallas-Fort Worth metroplex.
The area features extensive master-planned community amenities, including neighborhood parks, trail systems, and proximity to regional golf courses and shopping centers in neighboring Frisco.
The rental market is currently experiencing a correction with increased vacancy pressure and declining asking rents compared to the previous year.
The local economy is anchored by the education sector, retail, and professional services, with significant spillover employment from the nearby Frisco corporate corridor.
Transportation is heavily reliant on private vehicle use, with major highway access provided by the Dallas North Tollway and US-380.
Significant residential development continues in the northern and western portions of the ZIP, with ongoing infrastructure upgrades to support population growth.
The Collin Central Appraisal District manages annual property assessments, with values typically adjusted to reflect market-based sales data.
Parcels are subject to Prosper ISD taxes, along with various MUD and PID assessments for infrastructure maintenance.
Property insurance costs are rising due to regional exposure to severe weather, including hail and wind damage.
Data retrieved from census.gov and local market reports.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Large community park with sports fields and trails.
Private golf facility serving the local community.
Deterministic aggregate of 1 researched property in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
No county-record distress flags across 5 researched properties on the ARED base layer. Key-figure check: median price corroborated by the researched-property base layer (within 12.5%).
Governs Prosper Lake on Preston
Governs Tanner's Mill
Governs Highland Meadows
Governs Crestview at Prosper
Governs Prosper-Parkside
Governs Saddle Creek
90-day research cycle · governing documents remain with their official custodians — the association, its management portal or the county clerk's recording.