Prosper Homes under $400,000

Welcome to Prosper, Texas – a vibrant and rapidly growing community that beautifully blends small-town charm with modern conveniences. Nestled just north of the Dallas-Fort Worth metroplex, Prosper offers residents a peaceful suburban lifestyle while still providing easy access to the cultural and economic opportunities of the big city. With its picturesque landscapes, friendly neighborhoods, and top-rated schools, it's no wonder that Prosper is a sought-after destination for families and professionals alike.

One of the most appealing aspects of Prosper is its diverse range of housing options, particularly homes priced under $400,000. Whether you’re a first-time homebuyer, looking to downsize, or seeking a family-friendly abode, Prosper has something for everyone. From charming single-family homes with spacious backyards to modern townhouses featuring contemporary designs, the real estate market in Prosper caters to various tastes and budgets.

The community is also known for its commitment to quality living, with an array of parks, recreational facilities, and community events that foster a strong sense of belonging. Residents can enjoy outdoor activities, local dining options, and shopping centers, all while being surrounded by the stunning Texas landscape.

In Prosper, you’re not just buying a home; you’re investing in a lifestyle. With homes available under $400,000, now is the perfect time to explore what this thriving community has to offer. Come discover your dream home in Prosper, where comfort, convenience, and community come together harmoniously.

Newest Prosper Homes under $400,000

$399,999

3 Beds ⋅ 3 Baths ⋅ 21421090 MLS

Completely Updated, Remodeled and Ready to Move-in!!! You CAN NOT find anything in Prosper, with this Sq. Footage at this price! Fresh paint throughout, updated bathrooms and kitchen, new carpet and much more! If you are looking for LOCATION, at under market value, you found it! Highly acclaimed, A+ Prosper ISD. Close to Everything! This 3 spacious bedrooms, 2 full bathrooms, 1 half bath, and a dedicated home office home making it ideal for families, professionals, or anyone seeking extra space.

15920 Alvarado Dr, Prosper

$189,500

3 Beds ⋅ 1 Baths ⋅ 21417648 MLS

Investor Opportunity in the heart of Prosper! Situated on a 50 X 140 lot in one of Prosper's desirable locations, this home offers potential for a rental, renovation project, or future development, subject to applicable zoning and approvals. Explore multiple exit strategies to fit your investment goals. Property is being sold as-is. Survey & renovation bids are available.

105 E 3rd St, Prosper

$299,000

3 Beds ⋅ 2 Baths ⋅ 21385332 MLS

***Refrigerator, washer and dryer are included*** NEW ROOF with a 3-year transferable warranty*** A single-story, split-bedroom home in Glenbrooke Estates with brand new carpet throughout. Open concept living room with wood-burning fireplace flows into the kitchen featuring quartz countertops, updated appliances and walk-in pantry. The primary ensuite at the back of the home overlooks the yard and has a garden tub, separate shower, dual sinks and a large, walk-in closet. Two more good size bedrooms have ceiling fans. Outside are a private, fenced backyard and an oversized patio with room for a grill and outdoor dining...plus space for a future pool! Minutes from the new Costco and H-E-B, US-380, shopping and dining.

5530 Exeter Dr, Prosper

$376,000

4 Beds ⋅ 2 Baths ⋅ 21382389 MLS

Nestled in the heart of Prosper, this beautifully maintained single-story home showcases a striking brick and stone front elevation, offering curb appeal. Step inside to discover a bright, open-concept interior highlighted by a neutral color palette and generous natural light throughout. The thoughtful floor plan maximizes space and comfort, featuring hand-scraped engineered wood floors and high ceilings through the main living areas, plus versatile bedrooms with ceiling fans. Outside, the expansive backyard serves as a private oasis, fully enclosed by a wooden privacy fence and featuring a covered patio with a ceiling fan, perfect for outdoor relaxation and entertaining. This turn-key residence offers a prime location with convenient access to premier shopping, local dining, and highly acclaimed Prosper ISD schools. Buyer and buyer's agent to verify all information, including but not limited to measurements, schools, taxes, restrictions, and property condition.

1341 Palestine Dr, Prosper

$325,000

3 Beds ⋅ 2 Baths ⋅ 21369593 MLS

Welcome to 5551 Exeter Drive, a charming single-story home in Glenbrooke Estates! Offering 3 bedrooms, 2 bathrooms, and 1,554 square feet, this home features a comfortable and functional layout designed for everyday living. The kitchen opens to the main living area, creating an inviting space for gathering and entertaining. Generously sized bedrooms provide plenty of flexibility, while the private fenced backyard offers room to relax, play, or enjoy outdoor gatherings. Additional highlights include a new roof and a 2-car garage providing additional parking and storage. Conveniently located in Prosper with easy access to shopping, dining, schools, and major roadways. Come see all this home has to offer!

5551 Exeter Dr, Prosper

$385,000

4 Beds ⋅ 2 Baths ⋅ 21375055 MLS

LENDER OFFERING UP TO 2% LENDER CONCESSIONS! Welcome to this beautifully maintained 4-bedroom, 2-bath home in the desirable Glenbrooke community of Prosper, ideally situated on a canal with a huge, fenced backyard. Located next to the community pool, this home offers an exceptional blend of comfort, privacy, and convenience. The thoughtfully designed split-bedroom floor plan provides added privacy for family members, guests, or a home office. The formal living room features an adjoining dining area, while the spacious family room offers a cozy fireplace and additional breakfast or dining space. The kitchen is equipped with stainless steel appliances and opens to the main living areas, creating an inviting setting for everyday living and entertaining. The private primary suite serves as a relaxing retreat with dual sinks, a garden tub, separate shower, and spacious walk-in closet. Recent improvements include a new roof in 2024, new AC coil in 2026, condenser installed in 2019, new bedroom flooring in 2026, and new bathroom fixtures and units in 2026. Enjoy the expansive canal-facing backyard with view of the water fountain, perfect for relaxing, entertaining, or enjoying peaceful outdoor views. A two-car garage adds convenience and storage. Residents enjoy neighborhood amenities including a community pool and scenic walking trails. Conveniently located near PGA Frisco, Highway 380, The Star, and an abundance of shopping, dining, and entertainment, this home offers the ideal Prosper lifestyle in a fantastic location.

1010 Canterbury Dr, Prosper

$399,000

2 Beds ⋅ 2 Baths ⋅ 21336075 MLS

Prime commercial-zoned opportunity in the heart of Prosper, Texas! Located on Broadway Street, this property offers a rare chance to own real estate in one of the most desirable and rapidly growing communities in Collin County. Zoned PUD by the City of Prosper (commercial and mixed use to be determined by the city ordinance), the property offers exciting potential for future use or redevelopment while currently providing income potential as a residential rental or residence. Situated along E Broadway Street near Downtown Prosper, this approximately 0.34-acre property puts you close to the growth, development, businesses, restaurants, schools and major transportation corridors transforming Prosper and North Texas. With easy access to Preston Road, Dallas North Tollway, US-380 and the surrounding Prosper, Celina, Frisco and McKinney areas, the location provides connectivity to some of the fastest-growing areas of North Dallas-Fort Worth. The charming 1925 home offers approximately 1,362 square feet with 2 bedrooms and 2 full bathrooms and is currently being used as a rental. The property also features a detached two-car garage, covered front porch and no HOA, MUD or PID, adding another attractive consideration for evaluating long-term ownership. For an investor, entrepreneur or buyer looking for commercial property in Prosper TX, investment property near Downtown Prosper, future redevelopment potential in Collin County, or land in the path of North Texas growth, this is a property worth a closer look. Buy it for what it is today and explore the possibilities of what this location could become tomorrow.

602 E Broadway St, Prosper

$300,000

5 Beds ⋅ 1 Baths ⋅ 21361152 MLS

Great opportunity to own an existing home on a large lot in the heart of downtown Prosper. This charming two-story home features 5 bedrooms and 1 bathroom and offers plenty of potential for renovation or redevelopment. Remodel the existing home or explore the possibility of building your dream home on this spacious lot. Ideally located near top-rated schools, shopping, dining, and major roads, this property offers both convenience and flexibility. The property is being sold as-is and features no HOA, no MUD and no PID, providing additional freedom and opportunity. Whether you're looking to renovate, build, or invest, this property offers endless possibilities in a highly desirable Prosper location. Walking distance to the best coffee shop in town!

303 E 5th St, Prosper

$375,000

3 Beds ⋅ 2 Baths ⋅ 21348605 MLS

Welcome to this charming 3-bedroom, 2-bath home ideally located in the heart of Prosper! Just minutes from Historic Downtown Prosper, you'll enjoy convenient access to local boutiques, restaurants, community events, and the small-town charm that has made Prosper one of North Texas' most desirable places to call home. Adding to the appeal of this location, the Town of Prosper's Downtown Master Plan is helping shape an exciting vision for the future of the historic downtown area, with an emphasis on creating a vibrant, walkable destination while preserving the character and sense of community that make Downtown Prosper so special. Imagine living just minutes from an area envisioned to continue evolving as a gathering place for dining, shopping, entertainment, community events, and everyday connection. With quick access to Preston Road, commuting and reaching shopping, dining, and entertainment throughout Prosper and North Texas is effortless. The home's functional floor plan offers comfortable living spaces ideal for first-time buyers, families, investors, or anyone looking to enjoy the Prosper lifestyle. Spend your evenings at nearby Parvin Park, where green space, walking trail, a playground, and outdoor recreation are just down the road. Whether you're searching for your primary residence or an investment opportunity, this home offers a compelling combination of location, convenience, community, and proximity to the exciting future vision for Downtown Prosper. Location matters—and this one puts you close to both the charm Prosper is known for today and the vision for its tomorrow. Call your favorite REALTOR® today to schedule a private showing!

108 E 5th St, Prosper

$399,900

3 Beds ⋅ 2 Baths ⋅ 21319505 MLS

Welcome to 208 E 7th Street, a beautifully reimagined 3-bedroom, 2-bathroom custom home located in the heart of historic Downtown Prosper. Situated on a generous third-acre lot with no HOA and an attached two-car garage, this property offers style, flexibility, and prime location. This home was taken down to the studs and fully renovated—offering the character of an established neighborhood with the comforts of modern living. Inside, you'll find an open-concept layout, abundant natural light, all-new flooring, a modern kitchen with quartz countertops, stainless appliances, and sleek cabinetry. Both bathrooms have been thoughtfully updated with custom tile and contemporary finishes. The oversized backyard offers plenty of space for a pool, home office addition, guest suite, or workshop. And with no HOA, your options are wide open. The location is one of the most desirable in Prosper. Just a short walk to local coffee shops, boutique stores, restaurants, and seasonal community events, this home sits in the true heart of the town. Enjoy the charm of a walkable neighborhood while being minutes from major highways and amenities. Downtown Prosper is quickly becoming a focal point for smart investment. With its historic charm, new development, and long-term city plans to enhance the area, homes in this pocket are increasingly rare and in high demand Perfect for: First-time buyers seeking move-in ready space on a large lot, Investors looking for long-term value in a growth market, Parents or retirees wanting to live near their kids and grandkids in Prosper Additional highlights include: Attached two-car garage Covered front porch Walkable to downtown shops, dining, and events Located in award-winning Prosper ISD If you're looking for charm, space, and location in one of North Texas’s most sought-after communities—208 E 7th Street is your chance.

208 E 7th St, Prosper

$399,900

4 Beds ⋅ 3 Baths ⋅ 21272224 MLS

This striking 4BR, 3BA brick residence showcases an incredibly unique floor plan that is perfect for multi-generational living, frequent guests, or a premium home office setup. With a bedroom and dedicated ensuite bath situated on each level, comfort and privacy are guaranteed for everyone. The outdoor space is an absolute haven, offering a uniquely tailored backyard layout framing a serene, peaceful view. Unwind or entertain under the expansive pergola, your private shade sanctuary on sunny afternoons. To top it all off, you are positioned mere minutes from the massive retail, dining, and entertainment developments putting Prosper on the national map. Don’t miss this rare find!

5501 Peregine Ln, Prosper

$194,500

21263354 MLS

Rare opportunity to own a corner lot in the heart of Prosper! Property features an existing vacant home built in 1925 situated on an approximately 50x140 lot (per survey). Value is in the land-ideal perhaps for new construction, custom home build, or investment opportunity. Prime corner location offers flexibility in design and access. No HOA. Surrounded by growth, new development, and established homes. Conveniently located near schools, shopping, and major roadways. Property being sold as-is.

509 E 3rd St, Prosper

Start Your Search

IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.  The MLS may, at its discretion, require use of other disclaimers as necessary to protect participants and/or the MLS from liability. 

Listings provided by LERA MLS

Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

Last updated:

Prosper Homes under $400,000

Newest Prosper Homes under $400,000

How much is your home worth?

How much is your home worth?