Prospect, NC Profile: Facts & Data

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Prospect, North Carolina - Basic Facts

The Prospect CDP(1) had a population of 832 as of July 1, 2023. Prospect ranks in the lower quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in North Carolina. See peer rankings below.

The primary coordinate point for Prospect is located at latitude 34.7332 and longitude -79.2298 in Robeson County. The formal boundaries for the Prospect Census Designated Place encompass a land area of 3.93 sq. miles and a water area of 0 sq. miles. Robeson County is in the Eastern time zone (GMT -5).

The Prospect Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Prospect Census Designated Place is located within Township of Smiths, a minor civil division (MCD) of Robeson County.


  1. A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Jump to... (On This Page!)
  1. Prospect 2023 Demographic Data
  2. Growth Rates for Prospect (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. North Carolina Research Tools (Easy Tools & Current Data)
  3. North Carolina Data Comparison Tool - 2023 Demographics
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Prospect, NC Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 832 (100%)
Population in Households 832 (100.0%)
Population in Families 715 (85.9%)
Population in Group Quarters1 0
Population Density 212
Diversity Index2 22
 
 

INCOME

Median Household Income $50,749
Average Household Income $66,114
% of Income for Mortgage4 13%
Per Capita Income $25,349
Wealth Index5 44
Socioeconomic Status Index6 Moderate (50.6)
 

HOUSING

Total HU (Housing Units) 345 (100%)
Owner Occupied HU 246 (71.3%)
Renter Occupied HU 73 (21.2%)
Vacant Housing Units 26 ( 7.5%)
Median Home Value $112,727
Average Home Value $121,748
Housing Affordability Index3 180
 

HOUSEHOLDS

Total Households 319
Average Household Size 2.61
Family Households 232
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population -1.47% -0.46%
Households -1.22% -0.19%
Families   -0.70%
Median Household Income   2.20%
Per Capita Income   2.72%
Owner Occupied HU   -0.58%

Prospect, NC - Peer Comparisons by Rank and Percentile

The table below compares Prospect to the other 776 incorporated cities, towns and CDPs in North Carolina by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 477 39th
Population Density # 642 17th
Median Household Income # 431 45th
Housing Affordability Index # 725 93rd
Per Capita Income # 559 28th
Diversity Index # 721 7th

Additional comparisons and rankings can be made with a VERY EASY TO USE North Carolina Census Data Comparison Tool.

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