Prospect, KY housing market
Typical home value
$635K
▲ 3.6% 1 yr
Typical rent
$2,382/mo
▲ 4.7% 1 yr
Gross rent yield
4.5%
U.S. 6.3%
5-year home value change
+31%
U.S. +20%
Key takeaways
- 1The typical home in Prospect is worth $634,610, up 3.6% over the past year and up 31% over five years.
- 2Typical rent is $2,382 a month (+4.7% YoY), a gross rent yield of 4.5%.
- 3With 20% down at 7.32%, principal and interest on the typical home is about $3,487/mo, $1,105 more than typical rent.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Prospect compares
| Measure | Prospect | United States |
|---|---|---|
| Typical home value | $634,610 | $366,157 |
| Home value, 1-yr change | +3.6% | +1.2% |
| Typical rent | $2,382 | $1,932 |
| Rent, 1-yr change | +4.7% | +2.7% |
| Gross rent yield | 4.5% | 6.3% |
| Price-to-rent ratio | 22.2 | 15.8 |
| Mortgage P&I, typical home | $3,487 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Prospect rental, pre-filled.
Rent vs buy in Prospect
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $635K home.
Other Kentucky cities
Louisville, KY
$261K home$1,330 rent
▲ 1.3% 1 yr
Lexington, KY
$331K home$1,631 rent
▲ 3.4% 1 yr
Bowling Green, KY
$280K home$1,240 rent
▲ 0.1% 1 yr
Owensboro, KY
$213K home$1,259 rent
▲ 4.8% 1 yr
Richmond, KY
$299K home$1,109 rent
▲ 1.2% 1 yr
Elizabethtown, KY
$266K home$1,339 rent
▼ 2.5% 1 yr
Florence, KY
$288K home$1,522 rent
▲ 0.7% 1 yr
Frankfort, KY
$249K home$989 rent
■ 0.0% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.