Housing in Prospect Park, NJ
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — December 2025Median Sale Price
$433,050
Median List Price
$479,900
Price Per Sq Ft
$256
Days on Market
45
Active Inventory
14
Months of Supply
3.5
Seller's market
Zillow Home Value
$527,733
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
75.0%
Off Market in 2 Weeks
0.0%
Sale-to-List Ratio
103.0%
Seller's market
Market Activity
Source: RedfinHomes Sold
4
New Listings
5
Pending Sales
3
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$256
Median List $/SF
$310
Prospect Park vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Prospect Park is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$391,500
Median Rent
$1,794
Total Housing Units
2,176
Vacancy Rate
6.0%
Owner Occupied
40.1%
Renter Occupied
59.9%
Median Property Tax
$10,001
per year
Monthly Cost (w/ Mortgage)
$2,575
Housing Types
The current median sale price in Prospect Park, NJ is $433,050 according to Redfin data. Homes spend a median of 45 days on the market. 75.0% of homes sold above asking price. The market has 3.5 months of supply. The median price per square foot is $256. The median rent is $1,794 per month (Census ACS). About 40.1% of housing units are owner-occupied. The median year homes were built is 1942. There are 2,176 total housing units.