Everything You Should Know Before Moving to Prospect, KY
Considering a move to Prospect, KY? This charming city of 4,950 offers a quiet, upscale lifestyle with a median home price of $565,000 and average rents around $1,800. Residents enjoy very low crime rates, highly ranked schools, and a short average commute of 25 minutes. With excellent healthcare options nearby, beautiful weather with 56% sunny days, and a high rate of college-educated neighbors, Prospect is perfect for families seeking a safe, well-appointed community.
Demographics - Prospect, KY
Demographics - Prospect, KY
Prospect, KY is home to a close-knit population of 4,950, with a median age of 50.2, reflecting a mature and established community. The city is predominantly White (91%) and has a slightly higher female population, while 5.2% of residents speak a language other than English at home. Its moderate density offers a peaceful, suburban environment well-suited for families and retirees.
Population:
4,950
Density:
1,060 per sq mi
Median Age:
50.2
Gender Ratio:
92 males per 100 females
Non-English Speakers Percentage:
5.2%
Ethnic Composition
White:
91.0%
Black:
3.5%
Asian:
3.0%
Others:
2.5%
Cost Of Living
What is the average cost of living in Prospect, KY?
Prospect's cost of living is above the national average, highlighted by a median house value of $565,000 and an average rent of $1,800. While utilities and groceries are reasonably priced, housing costs are notably higher, making it ideal for those seeking an upscale lifestyle. State income tax rates range from 2% to 5%, contributing to the city's financial landscape.
Median House Value:
$565,000
Gross Rent:
$1,800
Monthly Electricity Charges:
$122
Auto Insurance:
$1,420
House Owner Cost With Mortgage:
$2,300
House Owner Cost Without Mortgage:
$720
State Taxes:
Low:
2.0%
|
High:
5.0%
Cost Of Living Index:
117.0
Grocery:
101.5
Housing:
146.0
Utilities:
108.2
Transportation:
110.6
Health Care:
99.7
Miscellaneous:
102.3
Crime
Is Prospect, KY a safe place to live?
Residents enjoy a very low crime rate, with only 55 violent crimes and 430 property crimes reported per 100,000 people. The chances of experiencing a violent crime are just 1 in 1,800, making Prospect one of the safest communities in Kentucky. This secure environment is particularly attractive for families and retirees.
Violent Crimes Per 100k:
55
Property Crimes Per 100k:
430
Crime Index:
485
Chance Of Violent Crime:
1 in 1,800
Chance Of Property Crime:
1 in 232
Weather
What is the weather like in Prospect, KY year-round?
Prospect experiences all four seasons, with mild winters averaging lows of 27°F and warm summers peaking at 87°F. The area receives about 45.6 inches of rainfall annually and enjoys sunshine 56% of the year, offering residents a pleasant and inviting climate. Seasonal changes create a beautiful backdrop for year-round outdoor activities.
Winter
Min:
27°F
Max:
43°F
Spring
Min:
48°F
Max:
70°F
Summer
Min:
66°F
Max:
87°F
Fall
Min:
48°F
Max:
71°F
Average Rainfall Inches:
45.6 inches
Sunny Days Percentage:
56%
Neighbors
The community in Prospect is highly educated, with nearly 68% of adults holding a bachelor’s degree or higher and a median household income of $148,000. Residents benefit from a very low poverty rate of 2.2% and a short average commute of just under 25 minutes. Most neighbors own their homes, fostering a stable and connected atmosphere.
Median Income:
$60,800
Household Income:
$148,000
Family Income:
$172,000
Per Capita Income:
$82,400
Income Male:
$100,000
Income Female:
$62,000
Poverty Rate:
2.2%
Non English Speakers:
5.2%
Rent:
$1,800
Unemployment Rate:
2.9%
Public Transport Usage:
0.5%
Commute Time:
24.7 minutes
Education
High School or Higher:
98.1%
Bachelors or More:
67.8%
Education
How are the schools in Prospect, KY?
Prospect offers access to highly regarded public and private schools, such as Norton Elementary and North Oldham High, both known for favorable student-teacher ratios and strong academic outcomes. Families also benefit from proximity to major colleges like Bellarmine University and the University of Louisville, located within 15 miles. This educational landscape supports lifelong learning and student success.
Public Schools
Name:
Norton Elementary School
Street:
8101 Brownsboro Rd
Phone:
502-228-5557
Students:
800
Student Teacher Ratio:
16:1
Name:
North Oldham High School
Street:
1815 S Hwy 1793
Phone:
502-228-0158
Students:
1,100
Student Teacher Ratio:
15:1
Private Schools
Name:
St. Mary Academy
Street:
11311 Saint Mary Ln
Phone:
502-315-2555
Students:
600
Colleges
Name:
Bellarmine University
City:
Louisville
State:
KY
Distance:
13 miles
Students:
3,500
Name:
University of Louisville
City:
Louisville
State:
KY
Distance:
15 miles
Students:
22,000
Healthcare
Prospect residents have convenient access to excellent healthcare, with major hospitals like Norton Brownsboro Hospital and Baptist Health Louisville nearby. The city boasts a high rate of health insurance coverage (95.6%) and an ample supply of physicians, supporting overall well-being. Quality care and emergency services are readily available for peace of mind.
Major Hospitals
Name:
Norton Brownsboro Hospital
Address:
4960 Norton Healthcare Blvd, Louisville, KY 40241
Phone:
(502) 446-8000
Type:
General & Surgical
Emergency Services:
Yes
Name:
Baptist Health Louisville
Address:
4000 Kresge Way, Louisville, KY 40207
Phone:
(502) 897-8100
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
2.3
Health Insurance Coverage:
95.6%
Health Care Index:
76.8
Housing Market
What is the housing market like in Prospect, KY?
The housing market in Prospect is robust, with a median home price of $565,000 and strong owner occupancy at over 94%. Home values are appreciating steadily at 4.5% annually, while rental options remain limited. Low foreclosure and vacancy rates indicate a healthy and desirable real estate environment.
Median Home Price:
$565,000
Average Rent For 2 Bedroom:
$1,800
Owner Occupied Rate:
94.2%
Rental Vacancy Rate:
4.2%
Home Appreciation Rate (1yr):
4.5%
New Construction Rate:
1.4%
Foreclosure Rate:
0.3%
DMV Information
Residents of Prospect handle driver licensing and vehicle registration through the Kentucky Transportation Cabinet, located in Frankfort. The DMV provides comprehensive services both in-person and online, making it easy to manage driving-related needs. For more information, residents can visit the official state website or call the local office.
State:
Kentucky
Department:
Kentucky Transportation Cabinet - Division of Driver Licensing
Address:
200 Mero St, Frankfort, KY 40622
Phone:
1-502-564-1257
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.