According to statistics, the population in Prospect, KY amounts to 4,851, which shows growth 1% compared to the previous year. The median age of the city’s residents is 53. The average household income is $113,711, shifting growth 2% from the past year, and the average property value in Prospect, KY decline 1% to $376,900 throughout the year.
|Number Of Employees||2,519|
|Median Property Value||$376,900|
The average household income in Prospect, KY grew from $110,967 to $113,711 in the past year. This data is an estimate based upon 2,011 households in Prospect, KY . The chart below presents how household income is distributed in Prospect, KY in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Prospect, KY shifted from $373,300 to $376,900 throughout the year. The subsequent graph indicates the share of properties in the given price range in Prospect, KY in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Prospect, KY properties falls in the '$500,000 to $749,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Prospect, KY compared to median property taxes around the country. The prevalent amount of property taxes in Prospect, KY equals $3000, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$379,000||N/A|
|1 bed for sale||$98,000||N/A|
|2 bed for sale||$170,000||-10.5%|
|3 bed for sale||$658,938||+20.2%|
|4+ bed for sale||$905,713||+15.6%|
During Jul 2022, the average price for an apartment in/near Prospect, KY increased by 10.3% to $811,603.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $98,000 with no changes this month. Asking price for 2-bed apartment also decreased by 10.5% and a place of this size will now cost you $170,000. A 3-bed apartment goes for $658,938, it increased by 20.2% lately. We discerned the rise of 4- and more bed apartment price. It increased by 15.6% and made it up to $905,713.
|Listing Type||Jul||vs Last Month|
|Houses for sale||$884,198||+18.4%|
|Condos for sale||$152,666||-19.6%|
|Land for sale||$175,000||N/A|
Price reports demonstrate that house price increased by 18.4% this month making it up to $884,198. Condos faced an upward trend these days. The median price for a condo decreased by 19.6%, it’s now available for $152,666.