Home Values

Prospect Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$352,900

  • 3.2% 1-year change
  • 3.5% 1-year forecast

The median home value in Prospect is $352,900. Prospect home values have gone up 3.2% over the past year and Zillow predicts they will rise 3.5% within the next year. The median list price per square foot in Prospect is None. The median rent price in Prospect is $1,600, which is higher than the Louisville/Jefferson County Metro median of $850.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Prospect is 3.7%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Prospect homeowners underwater on their mortgage is 6.8%.

Read more
Relative ZHVI
- +

Prospect Market Overview

Data through Mar 31, 2015
  • $352,900 ZHVI
  • 3.5% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Mar 31, 2016)
  • No data Median listing price
  • $407,000 Median sale price (Feb 28, 2015)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Prospect Market Health

Data through Mar 31, 2015
  • 9.8/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 6.8% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 3.7% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Cities

Name Median ZHVI
Barbourmeade $228,400
Coldstream $144,500
Fincastle $136,300
Name Median ZHVI
Worthington Hills $129,400
 
 

Listings & Sales

Data through Feb 28, 2015
  • No recent data Median list price / sq ft
  • $135 Median sale price / sq ft
  • No data Listings with price cut
27.8%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Prospect Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,966 Prospect
    $1,093 Louisville/Jefferson County Metro
    $1,362 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,600 Rent list price
  • $0.93 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading