Is Prospect Park Borough, NJ growing?
Prospect Park Borough, NJ had an estimated 6,319 (±21) residents in 2020–2024, against 5,865 in 2015–2019.
That is a change of +7.7%, a measurable increase.
Its housing went from 1,807 to 2,184 homes (+20.9%), a measurable increase.
0.0% of today’s homes were built in 2020 or later.
Figures last updated on .
- Residents now
- 6,319 (±21)
- Amount of change
- +7.7%
- Homes change
- +20.9%
- Built 2020 or later
- 0.0%
Residents and homes in Prospect Park Borough, 2015–2019 and 2020–2024
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 5,865 (±21) | 6,319 (±21) | +7.7% | Measurable increase |
| Housing units | 1,807 (±159) | 2,184 (±273) | +20.9% | Measurable increase |
| Households that rent | 57.4% (±7.4 points) | 58.0% (±10.7 points) | +0.6 percentage points | Not a measurable change |
| Median gross rent | $1,439 (±$88) | $1,647 (±$165) | +14.5% | No measurable change after inflation |
| Median home value | $266,300 (±$12,470) | $406,800 (±$76,916) | +52.8% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Growth in Prospect Park Borough against Passaic County, its state and the nation
| Residents | Verdict | Housing units | |
|---|---|---|---|
| Prospect Park Borough | +7.7% | Measurable increase | +20.9% |
| Passaic County | +3.4% | Measurable increase | +4.9% |
| New Jersey | +5.2% | Measurable increase | +4.8% |
| United States | +3.1% | Measurable increase | +4.6% |
A change in a place’s boundaries between the two periods (an annexation, say) changes its counts as well; the Census Bureau’s figures are for the place as it was drawn in each period.
New homes in Prospect Park Borough
| Year built | Prospect Park Borough | Passaic County | New Jersey | United States |
|---|---|---|---|---|
| 2020 or later | 0.0% (±2.0 points) | 0.6% | 1.1% | 2.0% |
| 2010 to 2019 | 0.9% (±1.2 points) | 3.7% | 6.2% | 9.4% |
| 2000 to 2009 | 1.6% (±2.0 points) | 5.6% | 9.2% | 13.6% |
0.9% of the homes in Prospect Park Borough were built in 2010 or later.
The median age of residents is 36.2 years.
Growth in places near Prospect Park Borough
| Place | Distance | Residents now | Amount of change | Verdict |
|---|---|---|---|---|
| Prospect Park Borough | — | 6,319 | +7.7% | Measurable increase |
| Haledon Borough | 0.8 mi | 8,980 | +7.9% | Measurable increase |
| Hawthorne Borough | 1.3 mi | 19,628 | +4.5% | Measurable increase |
| North Haledon Borough | 1.6 mi | 8,778 | +4.0% | Measurable increase |
| Paterson | 1.9 mi | 158,735 | +8.9% | Measurable increase |
| Glen Rock Borough | 2.8 mi | 12,154 | +3.2% | Measurable increase |
| Fair Lawn Borough | 3.0 mi | 35,610 | +7.9% | Measurable increase |
| Totowa Borough | 3.6 mi | 10,959 | +1.2% | Measurable increase |
| Wayne Township | 3.7 mi | 53,756 | −0.4% | Measurable decrease |
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Prospect Park Borough
Is Prospect Park Borough growing?
Prospect Park Borough, NJ had an estimated 6,319 residents in 2020–2024 and 5,865 in 2015–2019, a change of +7.7%: a measurable increase by the Census Bureau’s test.
How many homes have been added in Prospect Park Borough?
The estimated number of housing units went from 1,807 in 2015–2019 to 2,184 in 2020–2024 (+20.9%), a measurable increase.
How much new construction is there in Prospect Park Borough?
0.0% of homes in Prospect Park Borough were built in 2020 or later and 0.9% between 2010 and 2019.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Prospect Park borough, Passaic County, New Jersey
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Prospect Park borough, Passaic County, New Jersey
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Prospect Park borough, Passaic County, New Jersey
- Housing Units (B25001), 2015–2019 ACS 5-year estimates — Prospect Park borough, Passaic County, New Jersey
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Prospect Park borough, Passaic County, New Jersey
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Prospect Park borough, Passaic County, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Prospect Park borough, Passaic County, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Prospect Park borough, Passaic County, New Jersey (county subdivision:61170, in state:34 county:031).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25001_001E, B25001_001M, DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0017PE, DP04_0017PM, DP04_0018PE, DP04_0018PM, DP05_0018E, DP05_0018M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Prospect Park Borough at a glance
- Median rent in Prospect Park Borough
- Rent by bedrooms in Prospect Park Borough
- Rent burden in Prospect Park Borough
- Renters and owners in Prospect Park Borough
- Income and affordability in Prospect Park Borough
- Home values in Prospect Park Borough
- Homeowner costs in Prospect Park Borough
- Property taxes in Prospect Park Borough
- Types of homes in Prospect Park Borough
- Bedrooms in Prospect Park Borough
- Age of homes in Prospect Park Borough
- Vacancy rate in Prospect Park Borough
- Heating fuel in Prospect Park Borough
- Commute and cars in Prospect Park Borough
- Crime reported to police in Prospect Park Borough
- How long people stay in Prospect Park Borough
- Crowding and facilities in Prospect Park Borough
- New Jersey landlord and tenant rules
- Housing across Passaic County
- Housing data for every place in New Jersey