HomeInsuranceQts

Home Insurance in Prosper, Texas

The median home value in Prosper is $823,700, 73% higher than the Collin County median.

Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild. The typical home in Prosper was built around 2014. About 0% of homes were built before 1960, about 2 points below Collin County's 2%.

In Prosper, the housing stock is 90% single-family homes, 8% apartments in buildings with 5+ units and 1% mobile or manufactured homes.

About 77% of owner-occupied homes in Prosper have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.

The vacancy rate is 6%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 88% of occupied homes in Prosper are owner-occupied.

In Prosper, 68% of homes are primarily heated with natural gas.

Collin County's top FEMA-rated hazard is tornado (Very High), per FEMA's National Risk Index. Collin County had 1,589 active NFIP flood policies as of September 2026. See the full Collin County home insurance overview for all FEMA hazard ratings and flood coverage details.

According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Texas carries a statewide average premium of $2,864 per year.

34 licensed insurance agencies serve this area.

Key figures

Median home value$823,700
Median year built2014
Owner-occupied share88%
Share of owner-occupied homes with a mortgage77%
Top county hazardTornado (Very High)
Active NFIP policies in Collin County1,589
Home insurance premium$2,864 - statewide average (NAIC, 2023 data)
Key home insurance figures for Prosper, TX

Licensed insurance agencies in Prosper

Data source: Texas Department of Insurance - licensed agencies, https://data.texas.gov/d/3yqc-fcdt

Nearby towns

Sources

Data last updated: 2026-09-29