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Prospect Park

Learn about the people, housing, costs and businesses in Prospect Park, Pennsylvania

Median Home$109,600
Median Rent$748/month
Population252
Leading IndustriesRetail · Professional Services · Construction31% retail
Retirees33% of residentstop 4% nationally
Homeowners87% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableAffordable Market$110k median home · lower cost than 89% of the country
Prospect Park
PA

Frequently Asked Questions

What are today's mortgage rates in Prospect Park?

As of today, the 30-year fixed mortgage rate for Prospect Park is approximately 7.596% (7.656% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Prospect Park?

The median home value in Prospect Park is $110k. The median monthly rent is $748. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Prospect Park?

Based on a typical all-in ownership cost of $612/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $26k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Prospect Park is $58k/year.

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What industries drive the economy in Prospect Park?

The largest employment sectors in Prospect Park are retail (31%) and public administration (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.