Prospect Homes under $600,000

Welcome to Prospect, Oregon – a hidden gem nestled in the breathtaking landscapes of Jackson County. Known for its stunning natural beauty, this charming town is a perfect blend of rustic charm and modern convenience. With the majestic Cascade Mountains as a backdrop and the serene waters of the Rogue River nearby, Prospect offers an idyllic setting for nature lovers and outdoor enthusiasts alike.

Prospect is rich in history and community spirit, featuring a quaint downtown area filled with unique shops, cozy cafes, and friendly locals. The town is renowned for its proximity to Crater Lake National Park, where visitors can explore awe-inspiring vistas and enjoy a myriad of recreational activities, from hiking to fishing. Whether you’re seeking adventure or a peaceful retreat, Prospect has something for everyone.

For those considering a move to this picturesque locale, you’ll be delighted to discover a range of homes available for under $600,000. These properties offer a fantastic opportunity to own a slice of this beautiful region without breaking the bank. From charming single-family homes to spacious properties with ample outdoor space, there’s a perfect fit for every lifestyle and budget.

Imagine waking up to the sound of birds chirping and the scent of pine trees wafting through your window. In Prospect, you can enjoy the tranquility of rural living while still being just a short drive from the amenities of larger towns. With its affordable housing options and stunning surroundings, Prospect is not just a place to live; it’s a place to thrive. Come discover your dream home in this enchanting corner of Oregon!

Newest Prospect Homes under $600,000

$350,000

3 Beds ⋅ 1 Baths ⋅ 220229625 MLS

1st time on the market. If you are searching for a manageable rural type of property but close to downtown and schools, this is it! Corner .90 flat open lot, fenced area with barn for horse or large gardening area. Total interior remodel and refresh with fresh interior paint, new kitchen countertops, lighting fixtures, sink and new laminate flooring throughout the house. New drywall on all surface walls. Bathroom with new tub/shower. Also, two new mini spits HVAC units for efficient air and heat flow. A quiet retreat is here for you.

354 Red Blanket Road, Prospect

$120,000

2 Beds ⋅ 1 Baths ⋅ 220228337 MLS

Some clean up has been completed. Neither the brokers, brokerage nor Jackson County warrants or can verify property condition, description, fixtures, permits, hazardous substances, or history of illegal activity or Tax History. Information on the property is based on county records and may not be accurate. List date was: Sept 8, 2026. The 2nd bidding window starts Oct 8th lasts for 14 days until Oct 21, 2026 @ 5pm when all bids are due . Offers will be presented to the County on the following day after the bidding window deadline. The County will accept the highest offer received during this window. Listing Cycles: If no offers are received, the listing will repeat in continuous 14-day cycles until an offer is accepted or the listing is terminated.

495 Red Blanket Road, Prospect

$499,000

3 Beds ⋅ 2 Baths ⋅ 220228012 MLS

Situated on 6.28 tree-lined acres with stunning views of the Cascade Gorge, this beautifully remodeled 3-bdrm, 2-bath home with 1,647-sq. ft. offers peace, privacy, and endless opportunity. Recent upgrades include a new heat pump, fresh paint inside and out, updated kitchen and bathrooms, new decking, and more. The property is wonderfully maintained with a park-like setting, garden area, greenhouse, water feature, and irrigation rights. An impressive red barn, animal pens, Dedicated RV parking with hookups, and a shop with concrete floors and a roughed in potential ADU up front (owner currently putting the finishing touches on that) adds to the versatility. Additional features include a metal roof, backup generator for the well, and a strong-producing well (per seller). Perfect for hobby farming, home business, or simply enjoying the serene setting, this property truly has it all! Home qualifies for VA loans!

1771 Mill Creek Drive, Prospect

$279,000

2 Beds ⋅ 1 Baths ⋅ 220225671 MLS

Nearly a half acre nestled into the charming and relaxed Evergreen Meadows Community above Lost Crk Lake. It's a 2 bedroom 1 bath. Brand new mini split for more efficiency and aproximately another 200 sq feet of living space has been added and includes the inclusion of the front and the back porch. Property has been beautifully terraced and landscaped for gardening. The community shares one strong well and the fee is 600.00 a year. RV parking and plenty of room for all the additional toys. A fifth wheel with a deck will be included in the sale. This home has been set up for generator, new double pane white vinyl windows with new trim on the exterior along with updated siding that has been caulked and the paint is going on. Metal roof for practicality and a fun and vibriant outdoor space complete with an outdoor kitchen with plenty of seating for entertaining. So many personal touches inside and out. Great neighbors. Close to fishing and hunting, ideal for anyone who loves the outdoors

449 Flounce Rock Road, Prospect

$319,000

2 Beds ⋅ 3 Baths ⋅ 220218875 MLS

This 2-bedroom, 2.5-bath home offers a fantastic floor plan and breathtaking mountain views from nearly every window and deck. Tucked into a private setting, you'll even catch a peek of the nearby lake--just about half a mile away--making it easy to enjoy boating, fishing, or waterskiing year-round. While the home could use a little TLC, the price reflects the opportunity. Bring your vision and make this property truly shine. With its layout, location, and views, this is the perfect chance to create something special--whether you're looking for a full-time residence, vacation home, or investment.

255 Shipley Terrace, Prospect

$195,000

2 Beds ⋅ 1 Baths ⋅ 220218699 MLS

Last used as a church, can now be used for a multitude of things. It is zoned UR-1, Urban Residential. 1,608-Sq. ft. on .40-acres; could easily be transformed into a home! Nestled among the conifers on flat land, this building has a kitchen, half bath, large congregation hall and two other rooms which could be bedrooms. Buyers to check with county on uses you would prefer. Two other lots being sold as well. One lot with a well, septic and electricity. The other lot is totally vacant. Being sold as-is, where-is with contents included. Buyers to perform all their own due diligence as seller does not know anything about this property.

358 M Lane, Prospect

$420,000

2 Beds ⋅ 2 Baths ⋅ 220212626 MLS

Enjoy peaceful country living near Lost Creek Lake on 1.35-acres in the Evergreen Meadows Subdivision. This 2-bedroom + den/office, 2-bath, 1,364-sq. ft. home, built in 1997, features vaulted ceilings, quartz countertops, kitchen pantry, laundry room and a spacious primary suite with walk-in closet, double sinks and walk-in shower. Relax in the sunroom or on the covered 12x30-deck, and stay comfortable year-round with new mini splits (2024). The property includes an attached 2-car garage, a 24x40-shop with workbenches, RV parking and a fenced yard for dogs. Zoned RR-5 with cul-de-sac location, public water through Evergreen Meadows Water Improvement District and septic system. Outdoor enthusiasts will love nearby fishing, rafting, hiking, boating, and skiing, plus Crater Lake National Park and Diamond Lake Resort are just an hour away.

204 Shipley Terrace, Prospect

$99,900

2 Beds ⋅ 1 Baths ⋅ 220211443 MLS

Rare opportunity on a 2/3-acre lot in Evergreen Meadows! One of only two homes on the very short Horse Ranch Road, this property offers privacy, peace, and abundant wildlife. Just a short distance to HUNDREDS of acres of public land, enjoy endless hiking, trail riding, hunting, and year-round outdoor recreation just steps from your door. The 1977 manufactured home features 2-bedrooms, 1-Bath, and 924-sq. ft., ready for renovations—perfect for a handy buyer, investor, or flipper. Build your dream home or remodel the existing home on this highly desirable lot just above Lost Creek Lake. Community water system and good septic are in place. Owner carry terms available with a large down payment, though cash is preferred. Do not enter the property or home without an agent present. A rare, private retreat with huge potential for outdoor enthusiasts or anyone searching to create their ideal mountain getaway!

121 Horse Ranch Road, Prospect

$410,000

3 Beds ⋅ 3 Baths ⋅ 220206964 MLS

Extensively remodeled in a peaceful forest setting! This quality-built 3-bedroom, 2.5-bath home offers 1,615 sq. ft. of higher-end finishes throughout, including SmartCore waterproof laminate flooring, Hardy Plank siding, a heat pump, and an energy-efficient Stiebel Eltron water heater. The spacious primary suite features a private office, perfect for working from home. Relax and enjoy the surroundings from your covered deck, nestled on 2.53 acres across two tax lots, zoned RR5. A good producing well and Nye Ditch irrigation rights add to the property's value. Plus, there's an oversized 18x36 garage/shop, offering plenty of room for storage, hobbies, or parking. A great combination of modern comfort and country living! Just minutes from endless outdoor adventures—Rogue River, Lost Creek Lake, Union Creek Resort, Crater Lake National Park and Diamond Lake!

769 Mather Road, Prospect

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The content relating to real estate for sale on this site comes in part from the IDX program of the RMLS of Portland, Oregon. Real Estate listings held by brokerage firms other than this firm are marked with the RMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2026 RMLS of Portland, Oregon. All information provided is deemed reliable but is not guaranteed and should be independently verified. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

The data relating to real estate for sale on this web site comes in part from the Internet Data Display (IDX) of the Southern Oregon Multiple Listing Service. Real estate listings held by brokerage firms other than our company are marked with the IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information subject to change and should be independently verified. Listing content is copyright © 2018 SOMLS, Medford, Oregon. Last updated: