Prospect Park, PA—19076
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Prospect Park, PA
As of Oct '25, the median home price in Prospect Park, PA is $285,000, with a year-over-year change of 2.0%. This indicates that home prices in Prospect Park, PA are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $285,000 | 2.0% |
| Single Family | $285,000 | 1.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $242,000 | 2.5% |
3 Bed | $283,000 | 1.8% |
4 Bed | $334,000 | 1.2% |
| 5 Bed | $346,000 | 0.0% |
% of Housing Stock
Rental Trends — Prospect Park, PA
As of July '25, Rentcast reports the average rent in Prospect Park, PA is $1,600, with a year-over-year rent change of -5.9%. Per bedroom, the median rent as of July '25 in Prospect Park, PA is 1-bedrooms: $1,240, 2-bedrooms: $1,630, 3-bedrooms: $2,150. The most common rental property sizes in Prospect Park, PA are 1-bedroom and 2-bedroom, accounting for 44.7% and 38.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,600 | $1,600 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,180 | $1,240 |
| 2 Bed Rent | $1,600 | $1,630 |
| 3 Bed Rent | $1,600 | $2,150 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Prospect Park, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Prospect Park, PA is 52. This is a decrease of -21.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $286,000 | -2.0% |
Listing Count | 17 | -9.0% |
| Listings as % of Homes | 0.4% | -9.0% |
Days on Market | 52 | -21.0% |
Demographics — Prospect Park, PA
As of the latest ACS Survey released in 2023, Prospect Park, PA has a population of 6,410, which has decreased by -1.9% over the past 5 years. Prospect Park, PA is a moderately popular place for families, as children make up 19.3% of the population. The area has a poorly educated workforce, with 23.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,410 | -1.9% |
% Under 18 | 19.3% | -22.5% |
% Seniors | 14.9% | 24.2% |
% WFH | 9.3% | 116.3% |
% w/ College Degree | 23.2% | -7.6% |
As of the latest ACS Survey released in 2023, Prospect Park, PA is a predominantly white area, with 78.5% of the population identifying as white. The white population has shrunk by 9.0% in the last 5 years. The second most common race or ethnicity in Prospect Park, PA is black, making up 10.5% of the population. Foreign-born residents account for 5.2% of the population in Prospect Park, PA, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 78.5% | -9.0% |
% Black | 10.5% | 32.9% |
% Hispanic | 0.6% | 50.0% |
% Asian | 3.1% | 181.8% |
% Foreign Born | 5.2% | 0.0% |
Mortgage and Risk — Prospect Park, PA
According to HUD data as of 2023, there were 109 mortgage originations in Prospect Park, PA, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Prospect Park, PA. Investor activity is low, as 5.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 109 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Prospect Park, PA
Prospect Park, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 24 |
Total Units Section 8 | 24 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $1,180 | $1,280 |
| 2 Bedroom | -$80 | $1,600 | $1,520 |
| 3 Bedroom | $230 | $1,600 | $1,830 |
| 4 Bedroom | N/A | N/A | $2,080 |
Affordability — Prospect Park, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $285,000 |
| Median Household Income | $65,200 |