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Advertise here →Prospect Park, NJ · Market Data
Prospect Park, New Jersey real estate market data.
Real estate market data for Prospect Park, NJ (Passaic County) — Census median home value $391,500, county listing prices up about 0.7% over the past year.
Prospect Park, NJ is in Passaic County, New Jersey — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 6,286, with a median household income of $48,615. Census data puts Prospect Park's median home value at $391,500 (all owner-occupied homes); Passaic County's current median listing price runs $569,000, up about 0.7% over the past year.
At a glance
Prospect Park market snapshot
Population
6,286
Median Household Income
$48,615
Median Home Value (city)
$391,500
Median Listing Price (Passaic County)
$569,000
Median Gross Rent
$1,794/mo
Price Trend (YoY)
+0.7%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Prospect Park different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Prospect Park's median home value — across all owner-occupied homes, not just recent sales — at $391,500. Separately, Passaic County's current median listing price (via Realtor.com data, 2026-06-01) runs $569,000. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Passaic County's FHFA house price index shows a 6.76% annual change in 2025.
Population & Income
Prospect Park has an estimated population of 6,286 and a median household income of $48,615, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Prospect Park's Census-reported median home value works out to about 8.1x the area's median household income, and median gross rent runs roughly 44% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Prospect Park FAQ
What are home values like in Prospect Park, NJ?
The Census Bureau's American Community Survey puts Prospect Park's median home value at $391,500. Passaic County's current median listing price runs $569,000, up about 0.7% over the past year.
What is the population of Prospect Park, NJ?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Prospect Park's population at approximately 6,286.
What's the median rent in Prospect Park, NJ?
The Census ACS estimates median gross rent in Prospect Park at approximately $1,794 per month.
What is the median household income in Prospect Park, NJ?
Census ACS data puts the median household income in Prospect Park at approximately $48,615.
Is the Prospect Park housing market growing?
Passaic County's FHFA house price index shows a 6.76% annual change in 2025.
Is Prospect Park, NJ affordable relative to income?
Census ACS data puts Prospect Park's median home value at about 8.1 times the median household income, with median gross rent equal to roughly 44% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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