What percentage of people rent in Prospect, OH?
26.7% (±8.4 points) of the occupied homes in Prospect, OH are rented (2020–2024 American Community Survey).
That is 121 renting households against 333 that own their home.
In Prospect, the share of households that rent went from 31.5% in 2015–2019 to 26.7% in 2020–2024 (−4.8 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 26.7% (±8.4 points)
- Renting households
- 121 (±42)
- Median renter income
- $41,528 (±$16,077)
Who rents and who owns in Prospect
| Prospect | Marion County | Ohio | United States | |
|---|---|---|---|---|
| Renter-occupied share | 26.7% (±8.4 points) | 32.5% (±2.1 points) | 32.8% (±0.3 points) | 34.8% |
| Renting households | 121 (±42) | 8,032 (±531) | 1,595,287 (±11,760) | 45,017,354 |
| Owning households | 333 (±85) | 16,651 (±574) | 3,267,904 (±16,882) | 84,210,142 |
| Average renter household size | 2.0 (±0.4) | 2.2 (±0.1) | 2.1 (±0.0) | 2.3 |
| Average owner household size | 2.8 (±0.4) | 2.5 (±0.1) | 2.5 (±0.0) | 2.6 |
| Median renter household income | $41,528 (±$16,077) | $36,106 (±$7,319) | $42,829 (±$325) | $52,966 |
| Median owner household income | $79,934 (±$15,970) | $77,828 (±$4,499) | $90,122 (±$343) | $100,009 |
In Prospect, the renter share is not measurably different from Marion County (32.5%).
It is not measurably different from Ohio (32.8%).
It is not measurably different from the national figure (34.8%).
In Marion County, Prospect ranks 6 of 23 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 781 of 2,382.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Prospect has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 31.5% (±8.8 points) | 26.7% (±8.4 points) | −4.8 percentage points | Not a measurable change |
| Median gross rent | $938 (±$192) | $1,072 (±$96) | +14.3% | No measurable change after inflation |
| Median household income | $54,808 (±$8,905) | $70,833 (±$14,297) | +29.2% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Households that rent in places near Prospect
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Prospect | — | 26.7% (±8.4 points) | — |
| Prospect Township | 1.2 mi | 15.5% (±6.0 points) | Lower |
| Thompson Township (Delaware County) | 4.4 mi | 10.9% (±11.1 points) | Lower |
| Waldo | 5.3 mi | 37.3% (±14.8 points) | Not measurably different |
| Green Camp | 5.5 mi | 15.4% (±9.2 points) | Not measurably different |
| Radnor Township | 5.6 mi | 3.3% (±5.0 points) | Lower |
| Pleasant Township (Marion County) | 5.9 mi | 5.2% (±4.4 points) | Lower |
| Waldo Township | 5.9 mi | 14.6% (±9.8 points) | Not measurably different |
| Richwood | 6.0 mi | 29.7% (±9.0 points) | Not measurably different |
Nearby places with a measurably lower figure: Prospect Township, OH (15.5%), Thompson Township (Delaware County), OH (10.9%), Radnor Township, OH (3.3%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Marion County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Marion Township (Marion County) | 44.1% (±2.9 points) |
| 2 | Marion | 42.8% (±3.3 points) |
| 3 | Waldo | 37.3% (±14.8 points) |
| 4 | New Bloomington | 35.0% (±25.2 points) |
| 5 | Tully Township (Marion County) | 28.3% (±25.1 points) |
| 6 | Prospect | 26.7% (±8.4 points) |
| 7 | Salt Rock Township | 26.5% (±17.8 points) |
| 8 | La Rue | 24.2% (±11.6 points) |
| 9 | Montgomery Township (Marion County) | 18.7% (±7.8 points) |
| 10 | Prospect Township | 15.5% (±6.0 points) |
| 11 (tie) | Green Camp | 15.4% (±9.2 points) |
| 11 (tie) | Claridon Township (Marion County) | 15.4% (±8.9 points) |
Showing 12 of 23 places in Marion County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Prospect
How many renters are there in Prospect?
Prospect has an estimated 121 (±42) renting households, 26.7% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Prospect?
In Prospect, the share of households that rent went from 31.5% in 2015–2019 to 26.7% in 2020–2024 (−4.8 percentage points), not a measurable change.
How big are renting households in Prospect?
A renting household in Prospect has 2.0 people on average, against 2.8 in an owned home.
How much do renters earn in Prospect?
The median renting household in Prospect, OH has an income of $41,528 (±$16,077) a year, against $79,934 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Prospect village, Ohio
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Prospect village, Ohio
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Prospect village, Ohio
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Prospect village, Ohio
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Prospect village, Ohio
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Prospect village, Ohio (place:64780, in state:39).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Prospect at a glance
- Median rent in Prospect
- Income and affordability in Prospect
- Home values in Prospect
- Homeowner costs in Prospect
- Property taxes in Prospect
- Types of homes in Prospect
- Bedrooms in Prospect
- Age of homes in Prospect
- Heating fuel in Prospect
- Commute and cars in Prospect
- Population growth in Prospect
- Ohio landlord and tenant rules
- Housing across Marion County
- Ohio places ranked by share of renters
- Housing data for every place in Ohio