PROSPECT HOUSING MARKET INFORMATION With 4,564 people, 1,957 houses or apartments, and a median cost of homes of $520,014, Prospect real estate is some of the most expensive in Kentucky, although Prospect home values aren't among America's most expensive. Prospect is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Prospect than is found in 98% of the communities in America. The large homes that make up Prospect are primarily owner-occupied ( 91.98%). There is a lot of housing in Prospect built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Prospect built between 1940-1969 ( 10.88%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.34%). PROSPECT HOME APPRECIATION RATES Some of the lowest real estate appreciation rates in America over the last ten years have been in Prospect, where house values have increased just 58.32%, which is annualized rate of 4.70%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America. 蘑菇视频's data show that during the latest twelve months, Prospect's appreciation rate, at 7.27%, has been at or slightly above the national average. In the latest quarter, Prospect's appreciation rate has been 2.44%, which annualizes to a rate of 10.12%. Relative to Kentucky, our data show that Prospect's latest annual appreciation rate is lower than 80% of the other cities and towns in Kentucky. One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Prospect differ in their investment potential, sometimes by a great deal. Fortunately, you can use 蘑菇视频 to pinpoint the exact neighborhoods in Prospect - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Prospect real estate investment or home purchase decisions.