The City of Prospect is located in the beautiful rolling hills of eastern Jefferson County and far western Oldham County. It is one of the few cities in Kentucky that crosses county lines. This wonderfull city contains a mixture of spacious residential homes, luxury condominiums and apartment complexes, and a number of businesses conveniently located in a centralized shopping village.
Prospect grew more, percentage wise, than any other city of any significant size in Jefferson County, Kentucky during the 1990s. According to the latest census figures, Prospect has the highest per capita income in the Commonwealth. Many of the older residents have been against growth. In the 1980's there was a fight to keep a large shopping center from neing built Progress won, some residents say the town lost.
Prospect has hosted more Homearamas (tour of homes) than any other place in Jefferson County. Homearama is a showcase for new and innovative home building sposored by the Louisville Association of Homebuilders.
Prospect is listed as a Third Class city in the Commonwealth of Kentucky's city designation system. This means it has the right to have its own police department, its own city services and has the final say-so on zoning issues.