Rental market snapshot for Prospect, Kentucky

Prospect, Kentucky Rental Property Market Overview

Prospect, Kentucky is a small city located in Oldham County with a population of 4,569 as of 2021, according to the US Census. It is a suburban community with a variety of housing options, from single-family homes to apartments and condos. The city offers a variety of amenities, including parks, shopping centers, and restaurants. Prospect is a great place to live for those looking for a quiet, family-friendly community.

The average rent for an apartment in Prospect is $2,055. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 29, 2024

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Average monthly rent graph in Prospect Kentucky | Cost of Living

  • The most expensive ZIP code in Prospect is 40059 with an average price of $2,022.
  • The cheapest ZIP code in Prospect is 40059 with an average price of $2,022.

Prospect ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
140059$2,022

Live near Prospect, Kentucky's Top Sights and Attractions

Hays Kennedy is a historic mansion located in Prospect, Kentucky. Built in 1845, the mansion is a two-story Greek Revival-style home with a grand entrance hall, a formal parlor, and a large dining room. The home is surrounded by a beautiful garden and a large lawn, and is listed on the National Register of Historic Places. Visitors can take a guided tour of the mansion and learn about its history and the family who lived there. The grounds are also open for picnics and outdoor activities.

Cowley Park is a large outdoor recreational area located in Prospect, Kentucky. It features a variety of activities, including a playground, walking trails, a fishing pond, and a picnic area. There is also a large open field perfect for playing sports or having a picnic. The park is surrounded by trees and has plenty of benches and tables for visitors to relax and enjoy the scenery.

Harrods Creek Park is a picturesque outdoor area located in Prospect, Kentucky. It features a large lake surrounded by lush green grass and trees, providing a peaceful and tranquil atmosphere. The park also has a variety of trails for walking, running, and biking, as well as picnic areas and playgrounds for children. Visitors can also enjoy fishing, boating, and kayaking on the lake. The park is a great place to relax and enjoy nature, and is a popular destination for locals and visitors alike.

Putney Pond and Woodlands is a tranquil outdoor destination located in Prospect, Kentucky. It is a perfect spot for a peaceful stroll or a picnic with family and friends. The pond is surrounded by lush woodlands and is home to a variety of wildlife. Visitors can take in the sights and sounds of nature while enjoying the peaceful atmosphere. There are also plenty of trails to explore, making it a great spot for hiking and biking. Whether you're looking for a quiet escape or a fun outdoor adventure, Putney Pond and Woodlands is the perfect place to visit.

Putney Pond and Woodlands is a scenic outdoor attraction located in Prospect, Kentucky. It features a large pond surrounded by lush woodlands, providing visitors with a peaceful and tranquil atmosphere. The pond is stocked with a variety of fish, making it a popular spot for fishing. There are also trails that wind through the woods, perfect for a leisurely stroll or a more vigorous hike. The area is also home to a variety of wildlife, including deer, wild turkeys, and other birds. Putney Pond and Woodlands is a great spot for a picnic, a day of fishing, or just to enjoy the beauty of nature.

Putney's Pond and Woodlands Park is a scenic outdoor destination located in Prospect, Kentucky. It features a large pond surrounded by lush woodlands, providing visitors with a peaceful and tranquil atmosphere. The park also offers a variety of activities, including fishing, hiking, biking, and bird watching. There are also picnic areas and playgrounds for families to enjoy. The park is open year-round and is a great place to relax and enjoy nature.

The Lewis and Clark Bridge is a stunning suspension bridge that spans the Ohio River. It is a popular tourist attraction, offering breathtaking views of the river and the surrounding landscape. The bridge is illuminated at night, creating a beautiful sight that can be seen from miles away. It is a great spot for taking photos and admiring the natural beauty of the area.

Little Hunting Creek Park is a beautiful outdoor destination located in Prospect, Kentucky. The park features a variety of recreational activities, including fishing, boating, and hiking. Visitors can explore the park's trails, which wind through the woods and along the banks of Little Hunting Creek. The park also features a picnic area, playground, and a boat launch. The park is a great spot for a family outing or a peaceful escape from the hustle and bustle of everyday life.

Prospect, Kentucky area median rent change by ZIP code map

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How does Prospect compare to other cities in Kentucky?

citymedian price
Independence$1,940
Florence$1,825
Walton$1,815
Elsmere$1,695
Jeffersontown$1,440
Radcliff$1,200
Hopkinsville$825

Average household income in Prospect area graph - US Census

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The median household income in Prospect in 2021 was $160,960. This represents a 33.8% change from 2011 when the median was $120,294.

#categorypercent
0Less than $10,0000.3%
1$10,000 to $14,9991.1%
2$15,000 to $19,9990.0%
3$20,000 to $24,9991.1%
4$25,000 to $29,9990.6%
5$30,000 to $34,9993.9%
6$35,000 to $39,9991.5%
7$40,000 to $44,9992.7%
8$45,000 to $49,9995.8%
9$50,000 to $59,9995.3%
10$60,000 to $74,9994.9%
11$75,000 to $99,9999.0%
12$100,000 to $124,9995.8%
13$125,000 to $149,9996.3%
14$150,000 to $199,99913.7%
15$200,000 or more37.9%

Neighborhoods in Prospect

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of February , the average rent in Prospect is $2,055.
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