Prospect, Kentucky

Prospect, Kentucky
City
Motto: "Imagine it. Live it!"
Prospect, Kentucky Location within the state of Kentucky
Coordinates:
Country	United States
State	Kentucky
Counties	Jefferson & Oldham
Incorporated	1974
Named for	the local railroad station
Area
• Total	4.0 sq mi (10.4 km2)
• Land	4.0 sq mi (10.4 km2)
• Water	0.0 sq mi (0.0 km2)
Elevation	469 ft (143 m)
Population (2008)
• Total	10,054
• Density	1,158.4/sq mi (447.3/km2)
Time zone	Eastern (EST) (UTC-5)
• Summer (DST)	EDT (UTC-4)
ZIP code	40059
Area code(s)	502
FIPS code	21-63264
GNIS feature ID	0501362

Prospect is a neighborhood of Louisville, Kentucky, United States. It forms part of the Louisville Metro government although it is separately incorporated as a home rule-class city and lies partially within Oldham County. The population was 4,657 at the time of the year 2000 U.S. Census. It is one of the wealthiest communities in Kentucky.

History

See also: History of Louisville, Kentucky

The area was first known as Sand Hill when it was settled by farmers in the late 18th Century. The present community grew up around the "Prospect" railroad station erected by the Louisville, Harrods Creek and Westport Railway c. 1872. The name referred either to the view from the top of the hill or the expected completion of the line (which – owing to the Long Depression – never did reach Westport and collapsed into bankruptcy in 1879). When the post office was established in 1886, the local postmaster named it Wilhoyte in his own honor, but the community corrected this within the month.

Although a few luxury residences existed in the area from the late 19th century and the Louisville Railway Company offered hourly electrified-rail trolleys along the former LHC&W line after 1904, it was largely agricultural until the mid-1960s when large, high-end subdivisions were built in the area, most notably Hunting Creek, which included a golf course. Prospect incorporated as a city in 1974.

Geography

Prospect is located at (38.340126, -85.605627) along the Ohio River. It is bordered by Oldham Co. to the northeast, the river to the west, and the Harrods Creek area to the southwest. U.S. Route 42 is the primary transportation artery running through the area. According to the United States Census Bureau, the city has a total area of 4.0 square miles (10.4 km²), all land.

Demographics

Historical population
Census	Pop.		%±
1980	1,981		—
1990	2,788		40.7%
2000	4,657		67.0%
2010	4,698		0.9%
Est. 2014	4,860		3.4%
U.S. Decennial Census

Prospect is the 9th-wealthiest municipality in Kentucky and the 3rd-wealthiest in the state with a population over 1,000.

As of the 2000 census, there were 4,657 people, 1,732 households, and 1,423 families residing in the city. The population density was 1,158.4 people per square mile (447.3/km²). There were 1,847 housing units at an average density of 459.4 per square mile (177.4/km²). The racial makeup of the city was 92.91% White, 3.39% African American, 0.26% Native American, 2.06% Asian, 0.02% Pacific Islander, 0.21% from other races, and 1.14% from two or more races. Hispanic or Latino of any race were 0.64% of the population.

Prospect is Kentucky's best educated city, proportionately, with 74.4% of adult residents (25 and older) holding an associate degree or higher, and 69.9% of adults possessing a baccalaureate degree or higher (2000 Census).

There were 1,732 households out of which 38.0% had children under the age of 18 living with them, 76.3% were married couples living together, 4.4% had a female householder with no husband present, and 17.8% were non-families. 15.8% of all households were made up of individuals and 5.1% had someone living alone who was 65 years of age or older. The average household size was 2.69 and the average family size was 3.01.

In the city the population was spread out with 27.5% under the age of 18, 3.7% from 18 to 24, 23.3% from 25 to 44, 35.5% from 45 to 64, and 10.1% who were 65 years of age or older. The median age was 43 years. For every 100 females there were 97.2 males. For every 100 females age 18 and over, there were 94.8 males.

The median income for a household in the city was $111,170, and the median income for a family was $124,131. Males had a median income of $100,000 versus $42,159 for females. The per capita income for the city was $51,469. 1.5% of the population and 0.8% of families were below the poverty line.

The home ownership rate (owner-occupied housing units to total units) is 92.9%.

See also

• List of cities and towns along the Ohio River

External links

• Official webpage
• "Prospect: Nature's Endowments Seduced Settlers; Country Store Was a Focal Point that Served Men of Plows and Power" — Article by Kay Stewart of The Courier-Journal