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Prospect Home for Sale

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    $259,000

    • 4 Beds
    • 1 Bath
    • 1,360 Sq Ft

    306 Red Blanket Rd, Prospect, OR 97536

    Updated Prospect Gem with Shop, RV Parking & Room to Grow! Welcome to this charming 4-bedroom, 1-bathroom home in the heart of Prospect, Oregon! Sitting on a spacious, flat 0.57-acre lot with a creek. This 1,360 sqft home blends vintage charm with modern updates—making it energy efficient. Partially renovated, move-in ready and full of potential.Originally built in 1951, this stick

    Steve Thomas eXp Realty, LLC

    306 Red Blanket Rd, Prospect, OR 97536

Why Live in Prospect

Prospect, a neighborhood in Shady Cove, offers a variety of housing options including single-family homes, manufactured houses, and empty lots for custom builds. The single-family homes are primarily midcentury bungalows and ranchers, often constructed from wood and situated on large lots, with some properties exceeding one acre along gravel roads deep in the woods. Recreational vehicle owners have access to two RV parks, including Mountain Village, which also features manufactured homes. The area is known for its affordability, with home prices significantly lower than the Medford metropolitan area. Outdoor enthusiasts will appreciate the extensive network of trails leading to scenic spots like Pearsony Falls, the Avenue of the Boulders, and the Mill Creek and Barr Creek waterfalls. Crater Lake National Park, a major tourist attraction, is just 25 miles away, offering activities such as snowshoeing, cross-country skiing, and ice fishing in the winter. The community gathers at the Prospect Café and Trophy Room for meals, live music, and events, while the historic Prospect Hotel and its Dinner House provide dining and lodging options. Annual events like Music in the Mountains and the Jamboree and Timber Carnival draw residents together for live music, food, and traditional contests. The main thoroughfare, Crater Lake Highway (Route 62), connects Prospect to nearby cities, with the Rogue Valley International Medford Airport 42 miles away for broader travel needs.

Frequently Asked Questions

Is Prospect a good place to live?
Prospect is a good place to live. Prospect is considered very car-dependent and somewhat bikeable. Prospect is a neighborhood with a crime score of 1, making it safer than the average neighborhood in the U.S. Prospect has 1 park for recreational activities. It has a median age of 53. The average household income is $77,332 which is below the national average. College graduates make up 20.2% of residents. A majority of residents in Prospect are home owners, with 20.9% of residents renting and 79.1% of residents owning their home. A local real estate agent serving Prospect can help you decide if this neighborhood is the right one for you. Learn more on our Prospect neighborhood guide.
Is Prospect, OR a safe neighborhood?
Prospect, OR is safer than the average neighborhood in the United States. It received a crime score of 1 out of 10.
What are the most popular zip codes in Prospect, Shady Cove, OR?
The most popular zip codes in Prospect, Shady Cove, OR include 97536, 97601, 97522, 97541 and 97524.
What are the most popular neighborhoods near Prospect, Shady Cove, OR?
The most popular neighborhood near Prospect, Shady Cove, OR is Trail.
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