$313,198Average Value$217Average Price per Sq Ft2Homes For Sale
Idyllic community nestled deep in the Rogue-Siskiyou National Forest
Originally established as a logging town in the late 19th century, the isolated community of Prospect has long been known for its sweeping evergreen forests, natural Rogue Valley vistas and proximity to some of southern Oregon’s most treasured outdoor destinations. Prospect sits along the Rogue River just past Lost Creek Lake; the nearest city, Shady Cove, is approximately 22 miles away via Crater Lake Highway. Despite its rural location and population of less than 1,000, Prospect has its own fire station, library and boutique hotel. Residents can grab necessities from the local convenience store or sit down for a meal at the Prospect Café. Community houses of worship include Crater Lake Chapel and Church of the Nazareen. Prospect has an overall CAP Index crime score of 1 out of 10, significantly lower than the national average score of 4.
The Prospect neighborhood surrounded by beautiful trees.
The prospect historical hotel is a very fun place to visit.
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Midcentury ranchers and bungalows on large lots
Prospect offers potential homebuyers a mix of single-family homes, manufactured houses and empty lots on which owners can custom-build their property. Most single-family dwellings are midcentury bungalows and ranchers sitting on sizeable lots, often made out of wood. Homes on lots larger than one acre are typically found along gravel roads venturing far into the woods. Recreational vehicle owners can choose to set up in one of two designated RV parks; one of them, Mountain Village, also offers a handful of manufactured homes. Prices for single-family homes in Prospect are much lower than the rest of the Medford metropolitan area: most residences here cost between $200,000 and $400,000.
The homes in the Prospect neighborhood are more spread out.
There are large ranch homes all over the Prospect neighborhood.
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Hiking to waterfalls and day trips to Crater Lake National Park
Within the sea of pine trees surrounding Prospect is a network of multi-purpose trails leading to scenic points like Pearsony Falls, the Avenue of the Boulders lookout and a popular swimming hole dubbed “The Peninsula” by locals. People can also hike the trail to the Mill Creek and Barr Creek waterfalls, two stunning natural formations tucked into a moss-covered gorge. Jinny Pardee, a local broker with Windermere Trails End Real Estate, says camping, hiking and rafting along the Rogue River are popular summertime recreation activities. “In the winter, there’s snowshoeing and cross-country skiing at Crater Lake National Park, riding snow machines in the mountains on groomed trails and ice fishing at Diamond Lake,” Pardee says. Crater Lake National Park is a well-known tourist destination 25 miles away from Prospect; the Crater Lake caldera was formed by a volcanic eruption that occurred thousands of years ago. With a maximum depth of 1,949 feet, the lake is the deepest in the United States.
Red Blanket Road is one of the main thorough fairs of the Prospect neighborhood.
The Prospect neighborhood has amazing hiking trails.
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Kindergarten through 12th grade students attend Prospect Charter School
Prospect Charter School, which receives a C rating from Niche, is the only school in the community, offering curricula for all kindergarten through 12th-grade students. Prospect Charter also offers preschool programs and classes focused on performing arts, college preparation and career and technical education. According to Pardee, kindergarten through sixth-grade students can also attend the C-plus-rated Shady Cove School in nearby Shady Cove, while students in grades seven through 12 can be bussed into the city of Eagle Point for Eagle Point Middle and Eagle Point High School, rated B-minus and C-plus respectively.
Annual events hosted by the Prospect Hotel
Every year, on the last weekend of September, the Prospect Hotel hosts Music in the Mountains, where people set up their lawn chairs on the hotel grounds to enjoy a variety of live music performances, craft brews and food. The Prospect Hotel also hosts the Annual Jamboree and Timber Carnival, a popular event every August for more than 60 years. At the carnival, eventgoers can participate in axe throwing, log rolling and tug-of-war contests.
Crater Lake Highway connects to neighboring communities
The main – and only – thoroughfare in Prospect is Crater Lake Highway, also known as Route 62, which connects to cities like Shady Cove, Eagle Point and Medford. The Prospect State Airport only has one small runway, often used for aerial firefighting surveillance. For domestic and international flights, the Rogue Valley International Medford Airport is a 42-mile drive away. The nearest hospital is the Providence Medford Medical Center, which is 43 miles away and offers 24-hour emergency services.
Prospect Café and Trophy Room is a popular community spot
The Prospect community comes together at the Prospect Café and Trophy Room, a rustic diner and event space where patrons enjoy listening to live music, playing pool and eating burgers and chili bowls in wooden booths. The Café serves breakfast, lunch and dinner and remains busy throughout the day; locals often gather at the diner to watch sports games and celebrate the holidays. Down the road is Prospect Store, a convenience shop that carries essential grocery items, locally sourced produce and household necessities like hardware tools and hygiene products. At the heart of the community is the Prospect Historic Hotel, a bed and breakfast inn that opened in 1892. According to Fred and Karen Wickman, the owners of the hotel, the Prospect Historic Hotel was originally a stage coach stop and has housed many notable guests over the years, including Theodore Roosevelt and author Jack London. The adjacent Prospect Hotel Dinner House is open every night from May through October and features a menu full of signature prime rib, lasagna and salad dishes. Beckie’s Café, a regional mainstay serving homemade pies since 1926, is 11 miles north of Prospect. Thirty-three miles away is the city of Eagle Point, where residents can find supermarkets and retail shopping options.
Prospect Café in Troy your room is one of the only restaurants in the Prospect neighborhood.
Prospect Café in trophy room is a great place to relax after a long day.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
John Ford,
an experienced agent in this neighborhood.
Parks in this Area
Prospect State Park
Transit
Airport
Rogue Valley International - Medford
69 min drive
Crime and Safety
1 - Low Crime, 10 - High Crime
Prospect
US
Homicide
2
4
Sexual Assault
1
4
Assault with Weapon
1
4
Robbery
1
4
Burglary
1
4
Motor Vehicle Theft
1
4
Larceny
1
4
Crime Score
1
4
Source: WhatIsMyCrimeRisk.com
Prospect Demographics and Home Trends
On average, homes in Prospect, Shady Cove sell after 12 days on the market compared to the national average of 49 days. The median sale price for homes in Prospect, Shady Cove over the last 12 months is $217,000, up 36% from the median home sale price over the previous 12 months.
Charming Updated Home Nestled Among the Pines! Tucked away in a peaceful, wooded setting, this beautifully updated 3-bedroom, 1-bathroom home offers the perfect blend of comfort and privacy. Step inside the spacious freshly painted living room filled with natural light from a large picture window, creating a warm and inviting space to unwind. Discover a stunning kitchen with new cabinetry,
Welcome to 217 Mill Creek Drive, a charming, single level home on a spacious 1 acre lot. The beautifully updated 3 bdrm/2 bath residence features newer flooring, creating a fresh and modern feel. The home boasts a great floor plan, perfect for comfortable living and entertaining. The attached garage offers convenience, while the backyard is fully fenced, providing privacy and ample outdoor space.
Interested in learning more about homes in this area?
Reach out to
John Ford,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Owners
Demographics
Total Population
400
Median Age
53
Population under 18
18%
Below the national average
23.8%
Population over 65
32.8%
Above the national average
19.1%
Finances
Median Household Income
$58,749
Below the national average
$71,702
Average Household Income
$77,332
Education and Workforce
High School Graduates
92.6%
College Graduates
20.2%
Below the national average
34.1%
Advanced Degrees
6.7%
% Population in Labor Force
46.6%
Below the national average
65.1%
Weather
Annual Precipitation
18''
Average Winter Low Temperature
32°F
Average Summer High Temperature
92°F
Annual Snowfall
5''
Area Factors
Somewhat Bikeable
Bike Score®
36/ 100
Car-Dependent
Walk Score®
0/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
