Prospect, Ohio Demographics & Population 2026
During the 2020–2024 ACS period, Prospect, Ohio had a total population of 1,157, the 637th largest village in Ohio, with a median household income of $70,833, which is about the same as the state average. The poverty rate is 11.5%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Housing is very affordable with a home-value-to-income ratio of just 2.3x.
Prospect Quick Facts
How Prospect Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 1,330 | 1,157 | -13.0% |
| Median household income | $68,807 | $70,833 | +2.9% |
| Median home value | $162,100 | $164,100 | +1.2% |
How Prospect Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Prospect Rankings in Ohio
Explore Ohio Rankings
Other Cities in Marion County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Marion | 35,669 | $47,951 | 22.4% | $119,500 |
| La Rue | 725 | $75,156 | 10.6% | $113,600 |
| Green Camp | 437 | $56,250 | 4.9% | $123,300 |
| New Bloomington | 430 | $25,250 | 65.1% | N/A |
| Morral | 423 | $51,563 | 13.6% | $119,000 |
| Caledonia | 421 | $69,792 | 18.9% | $120,100 |
| Waldo | 370 | $64,519 | 2.2% | $150,000 |
Cities Similar to Prospect
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Twinsburg Heights | 1,144 | N/A | $158,300 | 24.9% | 28.1% |
| Stryker | 1,155 | $72,569 | $119,400 | 13.1% | 4.7% |
| Craig Beach | 1,161 | $72,361 | $164,000 | 16.7% | 17.1% |
| Green Springs | 1,170 | $69,531 | $83,100 | 8.1% | 8.7% |
| Morgandale | 1,129 | N/A | $108,000 | 21.2% | 42.4% |
Population Overview
Prospect is a small community located in Ohio, within Marion County. The total population is 1,157. It ranks as the 637th most populous out of 1,264 Census-designated places in Ohio.
Age Demographics
The median age in Prospect is 31.4 years. This is 21% lower than the state median of 39.7 years. With 29.3% of the population under 18, Prospect has a notably young demographic profile, suggesting a family-oriented community.
Economy, Income & Housing
The median household income in Prospect is $70,833. This is about the same as the state median of $71,389. It is also 12% lower than the national median of $80,734. The poverty rate stands at 11.5%. This is 13% lower than the state poverty rate of 13.3%. The unemployment rate is 5.9%. This is 25% higher than the state rate of 4.8%. The median home value is $164,100. Housing costs are 24% lower than the state median of $214,800. With a home-value-to-income ratio of just 2.3x, Prospect is one of the most affordable housing markets in the area. 73.4% of occupied housing units are owner-occupied. This homeownership rate is 9% higher than the state average of 67.2%.
Race & Ethnicity
Prospect has a predominantly White (non-Hispanic) population, comprising 97.1% of all residents. Asian residents account for 0.6%. The Asian population (0.6%) is well below the state average of 2.5%.
Education
18.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 40% lower than the state rate of 31.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 97.4%.
Data Sources & Methodology
All demographic data for Prospect, Ohio is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Ohio state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,264 Census-designated places in Ohio. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Prospect, Ohio?
Prospect, Ohio has a population of 1,157 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Prospect, OH?
The median household income in Prospect is $70,833, which is 12% lower than the national median of $80,734.
What is the poverty rate in Prospect, OH?
The poverty rate in Prospect is 11.5%. This means approximately 131 residents live below the federal poverty line.
What is the racial makeup of Prospect, Ohio?
Prospect's population is 97.1% White, 0.0% Black, 0.0% Hispanic/Latino, and 0.6% Asian.
What is the median home value in Prospect, OH?
The median home value in Prospect is $164,100. The home-value-to-income ratio is 2.3x.
How educated is Prospect, Ohio?
18.8% of adults (25+) in Prospect hold a bachelor's degree or higher, and 3.6% hold a graduate or professional degree.