What are the most expensive neighborhoods in Prosper, TX?

The neighborhoods with the highest median home values in Prosper, TX include: Whispering Farms ($1,883,626), Highland Meadows ($1,142,642), Gentle Creek Estates ($1,114,804), Whitley Place ($1,087,235), Deer Run ($1,051,047).

What are the most affordable neighborhoods in Prosper, TX?

The neighborhoods with the lowest median home values in Prosper, TX include: Glenbrooke Estates ($368,557), Artesia ($526,927), Trails of Prosper ($553,060), Cedar Ridge ($600,889), Rhea Mills ($622,646).

Which Prosper, TX neighborhoods have the fastest growing home values?

Neighborhoods with the highest year-over-year value growth in Prosper, TX include: Rhea Mills (5.2%).

Preston Lakes, TX Housing Market

$649,464

3.0% 1-yr

The average Preston Lakes, TX home value is $649,464, down 3.0% over the past year. (Updated on 8/31/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Preston Lakes Key Takeaways

Typical Home Values: $649,464

1-Year Value Change: -3%

(Data through August 31, 2026)

Preston Lakes Housing Market Overview

1-Year Market Forecast: --

For Sale Inventory: --

New Listings: --

Median Sale to List Ratio: --

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(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Neighborhoods

NameMedian ZHVI
Saddle Creek$653,249
Crestview$896,358
Ariana Estates$683,424
Trails of Prosper$543,909
Tanner's Mill$799,881
Wildwood Estates--
Prosper Lake--
Cedar Ridge$582,782
Deer Run$1,017,281

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Preston Lakes Rental Market Trends

Average Rent: --

National Average Rent: $1,948 (August 31, 2026)

Month-Over-Month Change: --

Year-Over-Year Change: --

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.