$327,806Average Value$205Average 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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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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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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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.
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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.
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.
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.
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
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to let others know what life in this neighborhood is like.
Crime and Safety
1 - Low Crime, 10 - High Crime
Prospect
US
Homicide
1
4
Sexual Assault
1
4
Assault with Weapon
1
4
Robbery
2
4
Burglary
3
4
Motor Vehicle Theft
3
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 92 days on the market compared to the national average of 53 days. The median sale price for homes in Prospect, Shady Cove over the last 12 months is $252,000, up 58% from the median home sale price over the previous 12 months.
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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.
