Between 1850 and 1902, only two settlements existed in the area that is now Prosper. Their development was increased in 1876 when County Courts ordered to establish small tracts of land for sale. Dr. A. T. Bryant of McKinney purchased the land that would later become the current town of Prosper. Named after their prosperous crops, Prosper became incorporated in 1914.
Some of the many communities in Prosper include La Cima, Gentle Creek, Whitley Place, Artesia, and Windsong Ranch.
Prosper has 11 elementary schools (Baker, Boyer, Cockrell, Folsom, Furr, Hughes, Light Farms, Rucker, Spradley, Stuber, and Windsong), along with 3 middle schools (Hays, Reynolds, and Rogers) and 2 high schools (Prosper and Rock Hill).