Prospect, KY Real Estate

According to census data in the year 2000 there were 1,863 housing units in Prospect. This represents a 71.1% growth from 1,089 in 1990.

Of those housing units, 1,850 were located in either urbanized areas or urban clusters, and 13 were located in what is classified as a rural area.

Homeownership rate in Prospect is about 93.2%. Prospect's vacancy rate, including seasonal lodging, is about 6.2%. Average household size is 2.74 people.

The majority of houses, apartments or condos in Prospect were built after 1985.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom3.10%
Two Bedrooms8.30%
Three Bedrooms21.60%
Four Bedrooms44.60%
Five Bedrooms or more22.50%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.81
Median year structure was built1985
Median Value of occupied units$291,400
Median Price asked for vacant units$238,500

Rented Homes, Apartments and Condos

Average Household Size1.88
Median year structure was built1990
Median Monthly Rent asked for vacant units$675

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan2.20%
Second Mortgage5.30%
Home Equity Loan16.90%
Simple Mortgage53.80%
Debt Free21.80%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs16.5%