A leafy suburban Prospect a few miles from Louisville
Prospect is a unique city in Kentucky in many ways. Resting along the bank of the Ohio River, many residents here own pleasure yachts or socialize at the Louisville Yacht Club. Further inland in town is a rich variety of city parks, hosting all types of outdoor activities and community events. This upscale township offers expansive homes amongst preserved green spaces, riverside recreation and close highway access to downtown Louisville, all resting on the Kentucky-Indiana state line.
Captain Quarters Yacht Club was opened in Prospect in 1991 and sits on 15.5 acres.
Putney Pond and Woodlands Park is a wildlife haven in the Prospect neighborhood.
1/2
Prospect is for park lovers
Prospect's greenery extends far beyond its residential streets. In 2022, the city made grand renovations to Little Hunting Creek Park, a new playground and pavilion were built for community events. Doug Farnsley, the mayor of Prospect, says, "The park has become our city center and has proven to be highly popular. Little Hunting Creek Park and Harrods Creek Park both have excellent hiking trails, and Harrods Creek Park has a canoe and kayak launch." Larger preserved parks are within a 6-mile radius of town as well, with Devil’s Backbone and Creasey Mahan Nature Preserve being great for hiking and taking in natural vistas. Rose Island Abandoned Theme Park combines history, hiking and a nature-reclaimed resort into a unique outdoor attraction. The Hunting Creek Country Club is also a huge local draw, this members-only club features an 18-hole championship golf course, tennis center and a 24/7 fitness center. Resting beside the Ohio River has many benefits for residents of Prospect, as they host the Louisville Yacht Club, and it is a common sight to see anything from motorboats to kayaks taking on this churning channel that serves as the natural border between Kentucky and Indiana.
Hunting Creek Country Club is set in the rolling hills of Prospect, south of the Ohio River.
Harrods Creek Park in Prospect has a kayak launch for residents.
1/2
Gustavo's for tacos, or Blackstone Grille for classic American dishes
A Kroger is in Prospect, west of U.S. Route 42, for groceries, and a couple of doors down is Gustavo's Mexican Grill, a local staple popular with families and known for their house margaritas, chimichangas and a taco Tuesday discount deal. The Blackstone Grille is half a mile up Route 42 and serves traditional American cuisine. Considered Prospect's "white tablecloth" restaurant, residents can enjoy a night out with an order of prime rib, mashed potatoes and corn pudding and pair that with a wide variety of wines, beers and spirits. Linda Wardell, a local and the Parks & Recreation Advisory Committee Chair adds, "I would also include our local meat market, Butcher's Best. Jimmy, the owner, not only sells great meat but also has homemade sides and great lunch box options."
On most days in Prospect, there is not an empty table at Gustavo's Mexican Grill.
Jimmy, the owner of Butchers Best Meats, grills every day for his lunch crowd.
1/2
Watch a concert at Little Hunting Creek Park, or catch fireworks at Cowley Park
There are always local events in Prospect's green spaces. As Farnsley says, "Little Hunting Creek Park attracts families, even grandparents. The park is still populated during the winter, and the pavilion hosts concerts, Shakespeare in the Park, and other special events. Cowley Park is home to our annual 4th of July celebration that includes a parade, music, and games followed by an outstanding fireworks show." For events further outside of town, residents can catch a show at the Rock and Roll Playhouse, browse the Holiday Pop-Up Market at nearby Norton Commons, and enjoy Pizza and Pickleball events at River Road Social.
Little Hunting Creek Park in Prospect has a newly constructed play area for children.
Families enjoy a park setting among residential and commercial space in Prospect.
1/2
Big lawns, bigger homes on tree-lined streets
Prospect is considered an upscale place to live, the average household income floats around $188,000, significantly higher than the national average, Kentucky average, and even Louisville. Prospect also hosts numerous gated communities, from Norton Commons to Hunting Creek, featuring a country club. Most residents in Prospect are homeowners, but some do rent as well. Prospect's winding roads have narrow sidewalks to make way for stretched, manicured lawns. Prospect's condo prices range between $200,000 and $450,000 for two-bed condos. For single-family homes, prices vary from $475,000 to over $1.3 million for everything from spacious, 3,000-square-foot brick colonials to sprawling custom-built five-bed estates. Prospect is a home-rule class city in Kentucky, meaning the city government is allocated more autonomy in making tax codes and zoning bylaws. Prospect specifically has city taxes to pay in addition to county taxes, but these city taxes specifically go towards public services like trash and recycling collection, park maintenance, landscaping and police.
Along with sidewalks the homes in Prospect have well manicured lawns.
Norton Commons in Prospect is a new neighborhood based on an old style of city dwelling.
1/2
Prospect is split between Oldham County and Jefferson County for schools
The primary public option within Prospect is Norton Commons Elementary, rated a B on Niche and teaching over 500 students. For further learning, Prospect is split between two school jurisdictions, Jefferson County Public Schools and Oldham County Public Schools; the closest Jefferson County High School is Ballard High School, rated an A and just a 5-mile drive south. There's also Kammerer Middle School, which is rated a C-plus on Niche. And for Oldham County options, there's North Oldham Middle School, rated an A on Niche and South Oldham High, rated an A-minus.
Ballard High School is located in eastern Jefferson County near Brownsboro Zorn.
Kammerer Middle School scored an A in diversity according to niche.com.
North Oldham Middle School is a highly rated, public school located in the Prospect area.
South Oldham High School is a highly rated, public school that has 1,312 students.
Norton Commons Elementary School is an above average, public school located in Prospect, KY.
1/5
US-42 takes residents to downtown Louisville, with TARC bus access
Considering the spacious nature of Prospect, driving is the best way to get around in town, as many Prospect residents drive to and from work on US-42 or Interstate 71, with downtown Louisville just 11 miles away. Louisville's TARC bus system runs the Prospect Express line through the Hunting Creek subdivision, leading south along U.S. Route 42, giving residents access to the River City without a car.
Prospect residents have direct access to I-71 and I-265 for commuting.
Highway 42 runs right through the Prospect neighborhood and leads to downtown Louisville.
The TARC bus line runs through Prospect for an easy commute around town.
On average, homes in Prospect, KY sell after 34 days on the market compared to the national average of 48 days. The median sale price for homes in Prospect, KY over the last 12 months is $665,000, up 4% from the median home sale price over the previous 12 months.
Housing Trends
Median List Price
$717,000
Median Sale Price
$665,000
Median Single Family Sale Price
$799,000
Median Townhouse Sale Price
$330,000
Median 2 Bedroom Sale Price
$349,900
Median Change From 1st List Price
0%
Last 12 months Home Sales
277
Median Home Sale Price YoY Change
$4
Average Price Per Sq Ft
$230
Neighborhood Facts
Number of Homes for Sale
75
Months of Supply
3.20
Average Home Value
Source: Public Records
Top Schools in Prospect, KY
Source:
Best Public Elementary Schools
#1 Greathouse Shryock Traditional Elementary School
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
