Want To Know More About Prosper, Texas?

### Population & Demographics

Prosper is growing fast. The town’s population is estimated around **46,087 in 2025**, with annual growth around **9%–13%** over recent years.
In terms of income, it’s a comparatively affluent community: median household income is around **$187,603**
Racial and ethnic composition is roughly: about 69.7% White, 11.2% Asian, 6.7% Black or African American, 10.2% multiracial (and smaller percentages other categories) as of recent estimates.

### Housing, Growth & Living

Homes are fairly high-end in many neighborhoods: for example, average home value was around **$766,000** as of 2022. (
The community is young and family-oriented: median age around 37, high owner‐occupancy rate (many detached single-family homes).

### Developments & Infrastructure

Prosper is actively investing in infrastructure and amenities:

* In 2024, the town reduced its property tax rate (by half a cent) and raised the homestead exemption to 17.5% to provide relief to homeowners.
* A brand-new big park: Lakewood Park (22.83 acres) had its ribbon cutting in late 2024.
* A major new arts & mixed-use district is in the works: the 35-acre arts district will include hotels, a retail village, a water feature and 515 multifamily units. It’s expected to generate ~$300 million project cost and ~400 full-time jobs, with completion targeted around late 2026.
* The local law enforcement is innovating: the Prosper Police Department launched a “Drone First Responder 2.0” program using drones and real-time analytics to speed response time.

### Business & Amenities

* A major grocery chain, H‑E‑B, opened a new location in Prosper featuring expanded amenities like a two-story BBQ restaurant plus drive-thru, fuel station, etc.
* New restaurant chains and local business expansions are happening, signaling increasing retail/amenity options.

### What All This Means

So, if you’re looking at Summit:

* Prosper is no longer just a sleepy suburb — it’s an upscale, rapidly growing community with strong growth momentum.
* With high incomes, expensive homes, and new amenities, it’s more on the “premium suburban living” end.
* If you’re into new developments, newest schools, parks, amenities — this place has them. If you prefer established historic neighborhoods, it might feel quite “new” and undergoing change.
* With growth comes some traffic, infrastructure demands, and the challenge of preserving that small-town feel.

### Challenges / Things to Note

* Growth means infrastructure pressures: roads, utilities, etc need to keep up. The town is actively working on this.
* Housing prices are steep relative to many suburbs — entry might be more expensive.
* Rapid change means the character of the town is evolving — for better or worse, depending on what you’re looking for.