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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 3.10% |
| Two Bedrooms | 8.30% |
| Three Bedrooms | 21.60% |
| Four Bedrooms | 44.60% |
| Five Bedrooms or more | 22.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.81 |
| Median year structure was built | 1985 |
| Median Value of occupied units | $291,400 |
| Median Price asked for vacant units | $238,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.88 |
| Median year structure was built | 1990 |
| Median Monthly Rent asked for vacant units | $675 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 2.20% |
| Second Mortgage | 5.30% |
| Home Equity Loan | 16.90% |
| Simple Mortgage | 53.80% |
| Debt Free | 21.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.5% |
