40059 — Prospect, KY Home Values
Typical home value $635,083 as of June 2026 · 1st of 91 in Louisville/Jefferson County, KY-IN
Blue: typical home value (Zillow ZHVI) in ZIP code 40059, June 2021 to June 2026. This page shows observed data only; no forecast.
How 40059 compares in the Louisville/Jefferson County, KY-IN area
ZIP code 40059 (Prospect, KY) has a typical home value of $635,083 as of June 2026, ranking 1st of 91 ZIP codes tracked in the Louisville/Jefferson County, KY-IN area, the most expensive ZIP code in the metro. Prices here have moved +3.4% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +31.7%, from $482,195 in June 2021 to $635,083 in June 2026. Against observed rent, the typical home here sells for 22.6× the annual rent ($2,343/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Louisville/Jefferson County, KY-IN forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Louisville/Jefferson County.
Population and demographics
ZIP code 40059 has a population of 19,899, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 87.7% White, 5.9% Asian, 3% Black or African American, 2.1% Hispanic or Latino, 1.3% two or more races, and 0.1% American Indian or Alaska Native.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Goshen At Hillcrest Elementary School | 12518 Ridgemoor Dr, Prospect, KY | 1.2 mi |
| Norton Commons Elementary | 10941 Kings Crown Drive, Prospect, KY | 2.1 mi |
| Harmony Elementary School | 1901 S Highway 1793, Goshen, KY | 2.5 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 40059?
$635,083 as of June 2026, the latest month Zillow has published observed data for.
Is 40059 an expensive ZIP code in the Louisville/Jefferson County, KY-IN area?
40059 ranks 1st of 91 ZIP codes in the Louisville/Jefferson County, KY-IN area by typical home value, the most expensive ZIP code in the metro.
How much have home values in 40059 changed over the past year?
+3.4% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 40059?
The typical home price is 22.6× the observed annual rent in this ZIP code ($2,343/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 40059?
19,899, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 40059?
Goshen At Hillcrest Elementary School (1.2 mi), Norton Commons Elementary (2.1 mi), Harmony Elementary School (2.5 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 40059?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Louisville/Jefferson County, KY-IN forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.