Prospect, Prince Edward County, VA

Median Home Price Price

$197,416 $197.4K

Median Monthly Rent Rent

$862 $862

19.0x

Market Snapshot

Prospect, Prince Edward County, VA is a city market with a median home price of $197,416, a median monthly rent of $862, a GRM of 19.0x, and a price-to-rent ratio of 19.1.

Comparable Markets

Use related city markets across same-county, in-state, and outside-state scopes as a starting point for side-by-side review of price, rent, GRM, and recent trend context.

Within Prince Edward

No same-county alternatives are available for this market yet.

More markets to explore

01 Dugspur, Carroll County, VA
Top recommendation Within state Lower GRM Lower price Higher rent
High confidence
Price $158.9K
Rent $1.1K
GRM 13.0x
Explore the data

No similar markets found for this scope.

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Dugspur, Carroll County, VA
$159K $1.1K 13.0x
Meherrin, Lunenburg County, VA Explore deeper
$159K $873 15.0x
Cana, Carroll County, VA
$126K $916 11.0x

Home prices

Monthly rent

GRM = home price / annual rent

Region Show
Shelby, Cleveland County, NC
$201K $1.0K 16.0x
Marked Tree, Poinsett County, AR Explore deeper
$98K $657 12.0x
Brownsville, Yuba County, CA
$304K $959 27.0x

Home prices

Monthly rent

GRM = home price / annual rent

Prospect

Map loads when visible.

Benchmark comparison

Rent in Prospect, VA is 18.3% lower than Dugspur, VA.

Compare to Dugspur, VA
Prospect, VA
Dugspur, VA
Delta
Median rent
$862
$1,055
+$193
Median price
$197,416
$158,930
-$38,486
YoY change
+$12
+$10
-$2
Price-to-rent
19.1x
12.6x
-6.5x

Key takeaways

  • Prospect, Prince Edward County, VA has a higher-grm screening profile: At 19.0x GRM, current rent may provide less support for the purchase price.
  • Higher GRM is not automatically negative; it may reflect appreciation expectations, scarcity, or lifestyle premium.
  • Rent momentum is positive, with median rent up about $12 year over year.
  • Rent in Prospect, VA is 18.3% lower than Dugspur, VA.