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Prospect, KY

Full City Profile · Kentucky · Oldham County County

4.0 /5.0
A Great
4,518 Population 1,180/sq mi density
$172,361 Median Income $98,261 per capita
$494,000 Home Value $612,615 Zillow
$1,287 Median Rent 30.6% income on rent
58°F Avg Temperature 293 sunny days/yr
20 Violent Crime/100K 908 property/100K
A
Overall
4.0 / 5.0
Strong
A+
Economy
4.9 / 5.0
$172,361 median income, 2.5% unemployment
A+
Affordability
5.0 / 5.0
$494,000 home value, $1,287/mo rent
F
Safety
1.0 / 5.0
20 violent crimes/100K
A+
Education
5.0 / 5.0
71.4% bachelor's degree or higher

Housing Overview

Median Home Value
$494,000
75% above
US avg: $281,900
Median Rent
$1,287/mo
11% above
US avg: $1,163/mo
Homeownership Rate
92.0%
41% above US avg (65.4%)
Total Housing Units
2,107
Median year built: 1988

Home Value by Source

Census Median
$494,000
Zillow (ZHVI)
$612,615
Median Sale Price
$383,750
Median List Price
$450,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

92.0%
Owner-Occupied
8.0%
Renter-Occupied
92%
8%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$719/mo
1 Bedroom
$794/mo
2 Bedroom
$984/mo
3 Bedroom
$1,277/mo
4 Bedroom
$1,442/mo
Census median rent: $1,287/mo · Zillow rent: $2,400/mo

Market Indicators (Redfin)

Median Days on Market
83 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
4
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$207
Active Inventory
23
homes for sale

Affordability & Housing Stock

Rent Burden
30.6%
of renters spending 30%+ of income on housing
1% below US avg (31.0%)
Median Year Built
1988
Average age of housing stock: 38 years
Homeownership Rate
92.0%

Complete Housing Data

Home Values

Census Median Value$494,000
Zillow Home Value (ZHVI)$612,615
Median Sale Price$383,750
Median List Price$450,000
Price Per Sq Ft$207

Rent

Census Median Rent$1,287
Zillow Rent (ZORI)$2,400
FMR Studio$719
FMR 1-Bedroom$794
FMR 2-Bedroom$984
FMR 3-Bedroom$1,277
FMR 4-Bedroom$1,442

Market

Days on Market83
Sale-to-List Ratio1.0%
Price Drops0.0%
Homes Sold4
Active Inventory23
Price Per Sq Ft$207

Ownership & Stock

Owner-Occupied92.0%
Renter-Occupied8.0%
Homeownership Rate92.0%
Total Housing Units2,107
Median Year Built1988
Rent Burden30.6%