Prospect Park, NJ Real Estate

According to census data in the year 2000 there were 1,889 housing units in Prospect Park. This represents a 0.3% growth from 1,883 in 1990.

Of those housing units, 1,889 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Prospect Park is about 47.9%. Prospect Park's vacancy rate, including seasonal lodging, is about 3.5%. Average household size is 3.17 people.

The majority of houses, apartments or condos in Prospect Park were built after 1946.


Housing Size

Housing Units by Size
Studio Type0.80%
One Bedroom11.90%
Two Bedrooms37.90%
Three Bedrooms35.80%
Four Bedrooms9.50%
Five Bedrooms or more4%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.69
Median year structure was built1939
Median Value of occupied units$137,600

Rented Homes, Apartments and Condos

Average Household Size2.69
Median year structure was built1950

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.70%
Home Equity Loan2.50%
Simple Mortgage66.20%
Debt Free23.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs23.7%