Prospect, KY housing market
The typical Prospect home is worth about $632,000, up 3.7% in a year, 172% above the Kentucky typical home. Homes typically sell in 39 days, close to asking.
Home values, sales, trends and how Prospect compares with the towns next door — updated as new data is published.
Prospect at a glance
A balanced market
About 5 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | Prospect | Kentucky |
|---|---|---|
| 2017 | $389,000 | $131,000 |
| 2018 | $394,000 | $138,000 |
| 2019 | $410,000 | $146,000 |
| 2020 | $420,000 | $155,000 |
| 2021 | $449,000 | $173,000 |
| 2022 | $511,000 | $191,000 |
| 2023 | $558,000 | $207,000 |
| 2024 | $573,000 | $216,000 |
| 2025 | $597,000 | $229,000 |
| 2026 | $622,000 | $233,000 |
| August 2026 | $632,000 | $233,000 |
Prospect and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Prospect | $632K | +3.7% | $1,910 | $163,462 |
| Green Spring | — | −0.3%† | $1,670 | $170,313 |
† FHFA price index change, where Zillow has no home value for the town.
3.9 years of income
The typical Prospect home costs about 3.9 years of the town's median household income, about the same as across Kentucky (3.7).
How Prospect ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,910
HUD's Fair Market Rent for a two-bedroom in Prospect is $1,910 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Prospect pay a median of $1,193, so moving in tends to cost more than staying put. A two-bedroom takes about 14% of the town's median household income.
Studio $1,450 · 4 bedrooms $2,830
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (40059; Louisville, KY-IN HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.