Prospect Park, NJ population, income and ZIP codes

Prospect Park borough is a mid-size town in New Jersey, with 6,286 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #246 of 700 ranked by population — larger than 64% of them. The median age here is 35.4 years against 39.1 nationally, a slightly younger profile than the country as a whole. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.

Households in Prospect Park borough earn a median of $48,615 a year, 38.1% below the national figure of $78,538 and 55% below the $106,926 median for the 543 New Jersey cities we cover. This figure covers the household, not the worker: two people on ordinary wages at one address outrank a single professional in the same table. Poverty reaches 24.9% of residents here, well above the 12.4% national rate, which is the single clearest signal in this dataset that median income here is carried by a narrow band of households.

The typical owner-occupied home in Prospect Park borough is valued at $391,500, 29% above the national figure and 5% below the $412,500 peer median, while median gross rent runs $1,794 a month, 27.6% above the national figure, or roughly $21,528 across a full year. A household on the local median income would put about 44.3% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is severely stretched — a median-income renter clears the cost-burden line by a wide margin before utilities beyond the gross-rent definition. The home-price-to-income ratio works out to 8.1×, against roughly 3.9× nationally, so buying is out of reach on local earnings alone and the ownership market leans on outside income, equity or dual high earners. 40.1% of occupied homes are owner-occupied versus 65% nationally, a renter-majority market, so rent figures matter more here than the home-value line. Rent is reported gross — contract rent plus tenant-paid utilities — which is why it runs above the advertised price on a listing for the same unit.

Home values sit at 8.1× median household income, far past the 3.9× national mark, so ownership costs here are set by something other than local wages — second homes, retirees with equity, or commuters earning elsewhere.

Every value on this page is published directly by the Census for this area — nothing is modelled or interpolated. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.