New Jersey · Census place 61170
Prospect Park borough, NJ
Quick answer
Prospect Park borough has 6,286 residents, ranking #246 of 700 places in New Jersey. Median household income is $48,615, the median home is worth $391,500 and median gross rent runs $1,794 a month.
- Population
- 6,286Prospect Park borough residents
- Median household income
- $48,615Past 12 months, inflation adjusted
- Median home value
- $391,500Owner-occupied units
- Median gross rent
- $1,794Rent plus utilities, monthly
- Median age
- 35.4 yrsAll residents
- Homeownership rate
- 40.1%Owner-occupied households
What the numbers mean in Prospect Park borough
Housing cost measured against local earnings.
A household earning the Prospect Park borough median would spend about 44.3% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 8.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 24.9% of residents and 40.1% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in New Jersey.
- Ramtown CDP 6,410
- Carlstadt borough 6,343
- Leisure Village CDP 6,307
- Yardville CDP 6,266
- Kingston Estates CDP 6,250
- Morris Plains borough 6,214
- Paulsboro borough 6,213
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