Prospect is an unincorporated community and census-designated place (CDP) in Jackson County, in the U.S. state of Oregon.

[8] The Prospect Hotel, which opened in 1892, was listed in the National Register of Historic Places in 1980.

It honors veterans with a parade, a flag retirement ceremony, live music and games for children.

In July Prospect hosts an airplane "fly-in" that helps support the Jackson County Search and Rescue, and in August a jamboree and timber carnival (a festival that includes lumberjack contests such as log rolling) are held.

[12] This region experiences warm (but not hot) and dry summers, with no average monthly temperatures above 71.6 °F (22.0 °C).