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Prospect Park, NJ

Full City Profile · New Jersey · Bergen County County

2.1 /5.0
C Fair
6,286 Population 13,374/sq mi density
$48,615 Median Income $28,671 per capita
$391,500 Home Value $520,062 Zillow
$1,794 Median Rent 51.0% income on rent
53°F Avg Temperature 282 sunny days/yr
86 Violent Crime/100K 1,423 property/100K
C
Overall
2.1 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.5 / 5.0
$48,615 median income, 5.2% unemployment
C
Affordability
2.1 / 5.0
$391,500 home value, $1,794/mo rent
F
Safety
1.0 / 5.0
86 violent crimes/100K
C+
Education
3.0 / 5.0
24.5% bachelor's degree or higher

Housing Overview

Median Home Value
$391,500
39% above
US avg: $281,900
Median Rent
$1,794/mo
54% above
US avg: $1,163/mo
Homeownership Rate
40.1%
39% below US avg (65.4%)
Total Housing Units
2,048
Median year built: 1946

Home Value by Source

Census Median
$391,500
Zillow (ZHVI)
$520,062
Median Sale Price
$535,000
Median List Price
$650,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

40.1%
Owner-Occupied
59.9%
Renter-Occupied
40%
60%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$1,599/mo
1 Bedroom
$1,759/mo
2 Bedroom
$2,132/mo
3 Bedroom
$2,658/mo
4 Bedroom
$3,005/mo
Census median rent: $1,794/mo

Market Indicators (Redfin)

Median Days on Market
101 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
3
Price Drops
13.3%
of listings with price reduction
Price Per Sq Ft
$300
Active Inventory
15
homes for sale

Affordability & Housing Stock

Rent Burden
51.0%
of renters spending 30%+ of income on housing
65% above US avg (31.0%)
Median Year Built
1946
Average age of housing stock: 80 years
Homeownership Rate
40.1%

Complete Housing Data

Home Values

Census Median Value$391,500
Zillow Home Value (ZHVI)$520,062
Median Sale Price$535,000
Median List Price$650,000
Price Per Sq Ft$300

Rent

Census Median Rent$1,794
FMR Studio$1,599
FMR 1-Bedroom$1,759
FMR 2-Bedroom$2,132
FMR 3-Bedroom$2,658
FMR 4-Bedroom$3,005

Market

Days on Market101
Sale-to-List Ratio1.0%
Price Drops13.3%
Homes Sold3
Active Inventory15
Price Per Sq Ft$300

Ownership & Stock

Owner-Occupied40.1%
Renter-Occupied59.9%
Homeownership Rate40.1%
Total Housing Units2,048
Median Year Built1946
Rent Burden51.0%