40059, Prospect, KY

The 40059 zip code of Prospect, KY has a median home value of $128,000 and a median home equity value of $104,000. These values are significantly lower than the statewide median home value of $217,500 and statewide median home equity value of $146,700. This indicates that the homes in this zip code are less valuable than those in other parts of Kentucky.

Prospect is located in eastern Kentucky and has a population of just over 2,000. This small town is predominantly made up of families with children and retirees. The majority of residents commute to work in Louisville or Lexington. There is not much economic activity in Prospect outside of government jobs and the local schools.

The low home values may be due to several factors. First, Prospect does not have many job opportunities outside the government sector which could lead to high levels of unemployment. Second, there is not much commercial development in Prospect which could lead to low demand for housing units. Finally, there may be a lack of interest among potential buyers in this area because it is not considered an up-and-coming community.