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Advertise here →Prospect, KY · Market Data
Prospect, Kentucky real estate market data.
Real estate market data for Prospect, KY (Jefferson County) — Census median home value $494,000, county listing prices down about 1.0% over the past year.
Prospect, KY is in Jefferson County, Kentucky — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 4,518, with a median household income of $172,361. Census data puts Prospect's median home value at $494,000 (all owner-occupied homes); Jefferson County's current median listing price runs $297,000, down about 1.0% over the past year.
At a glance
Prospect market snapshot
Population
4,518
Median Household Income
$172,361
Median Home Value (city)
$494,000
Median Listing Price (Jefferson County)
$297,000
Median Gross Rent
$1,287/mo
Price Trend (YoY)
-1.0%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Prospect different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Prospect's median home value — across all owner-occupied homes, not just recent sales — at $494,000. Separately, Jefferson County's current median listing price (via Realtor.com data, 2026-06-01) runs $297,000. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Jefferson County's FHFA house price index shows a 4.03% annual change in 2025.
Population & Income
Prospect has an estimated population of 4,518 and a median household income of $172,361, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Prospect's Census-reported median home value works out to about 2.9x the area's median household income, and median gross rent runs roughly 9% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Prospect FAQ
What are home values like in Prospect, KY?
The Census Bureau's American Community Survey puts Prospect's median home value at $494,000. Jefferson County's current median listing price runs $297,000, down about 1.0% over the past year.
What is the population of Prospect, KY?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Prospect's population at approximately 4,518.
What's the median rent in Prospect, KY?
The Census ACS estimates median gross rent in Prospect at approximately $1,287 per month.
What is the median household income in Prospect, KY?
Census ACS data puts the median household income in Prospect at approximately $172,361.
Is the Prospect housing market growing?
Jefferson County's FHFA house price index shows a 4.03% annual change in 2025.
Is Prospect, KY affordable relative to income?
Census ACS data puts Prospect's median home value at about 2.9 times the median household income, with median gross rent equal to roughly 9% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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