Explore US City Prospect Park, NJ - Real Estate Market Insights, Demographics, Crime, Trends & Hotspots
Prospect Park, NJ real estate snapshot: Pulse Score pending, cap rate –%, median price $427,500. Below: live market insights, demographics, crime overview, investment hotspots, and nearby areas.
Pulse Score
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Cap Rate
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Investor Friendly Score
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Median Price
$427,500
Market Insights
The housing market in Prospect Park continues to see strong price appreciation, with values up 11.0% compared to last year. Home prices have decreased 23.7% in the past month. With 6.5 months of supply, Prospect Park's inventory levels remain relatively tight. Homes are now taking an average of 98 days to sell, significantly longer than the 55 days typical for this market. A significant 30.8% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Prospect Park market with the affordability index at 705.4. Current trends suggest further price adjustments may occur as the market continues to favor buyers.
Demographics market for - Prospect Park, NJ
Total Population -
8,018
White Race
45%
African American Race
17%
Crime for City - Prospect Park, NJ
No Data
Real Estate Market Prediction for - Prospect Park, NJ
City Hotspots Map
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Nearby Cities From Prospect Park, NJ
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FAQ about Prospect Park, NJ
The Pulse Score combines property value appreciation, rental income potential, market liquidity, demographic trends, and crime/safety signals into a single 0–100 grade. Higher scores indicate stronger investor fundamentals.
Investment quality depends on your goals. Use the cap rate, investor-friendly score, demographic insights, and crime data on this page to evaluate Prospect Park, NJ for buy-and-hold, fix-and-flip, or short-term rental strategies.
Our analysis combines public datasets (US Census Bureau, FBI Uniform Crime Reporting, HUD, BLS) with proprietary short-term rental performance and active MLS feeds, refreshed on a regular cadence.
Use the “Related analysis” section on this page to jump to the dedicated crime report, school ratings, and state-level short-term rental market analysis for Prospect Park, NJ.
Data sources & further reading
PulseReal’s analysis is built on top of these public, authoritative datasets.
Official UCR crime statistics by state and agency from the FBI.
Population, demographics, housing, and income data from the US Census Bureau.
Encyclopedic overview of the city, history, and notable landmarks.
Housing affordability, fair-market rents, and market reports from HUD.
Local unemployment and employment data from the Bureau of Labor Statistics.
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Does a rental pencil out in Prospect Park, NJ?
A median-priced home ($427,500) at the average rent ($1,417/mo), with 25% down at 7.25%, after property tax, insurance, vacancy, repairs, reserves and management.
-$2,287/mo
Cash flow on a median home
-22.9%
Cash-on-cash return
-0.05
DSCR
$5,274/mo
Rent needed for a 1.25 DSCR
$3,916/yr
Landlord insurance, hazard-adjusted