What percentage of people rent in Prospect Park Borough, NJ?

Name: Renters and owners in Prospect Park Borough, NJ, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

58.0% (±10.7 points) of the occupied homes in Prospect Park Borough, NJ are rented (2020–2024 American Community Survey).

That is 1,198 renting households against 867 that own their home.

In Prospect Park Borough, the share of households that rent went from 57.4% in 2015–2019 to 58.0% in 2020–2024 (+0.6 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 58.0% (±10.7 points)
Renting households: 1,198 (±260)
Median renter income: $36,786 (±$17,880)

Who rents and who owns in Prospect Park Borough

Tenure, estimate (90% margin of error)
	Prospect Park Borough	Passaic County	New Jersey	United States
Renter-occupied share	58.0% (±10.7 points)	46.9% (±0.8 points)	36.2% (±0.2 points)	34.8%
Renting households	1,198 (±260)	83,966 (±1,532)	1,268,573 (±8,082)	45,017,354
Owning households	867 (±265)	94,970 (±1,482)	2,239,128 (±10,678)	84,210,142
Average renter household size	3.0 (±0.5)	2.8 (±0.0)	2.4 (±0.0)	2.3
Average owner household size	3.2 (±0.7)	2.9 (±0.0)	2.8 (±0.0)	2.6
Median renter household income	$36,786 (±$17,880)	$51,907 (±$1,513)	$62,674 (±$718)	$52,966
Median owner household income	$93,973 (±$40,774)	$129,820 (±$3,218)	$133,477 (±$624)	$100,009

In Prospect Park Borough, the renter share is higher than in Passaic County (46.9%).

It is also higher than in New Jersey (36.2%).

It is higher than the national figure (34.8%).

In Passaic County, Prospect Park Borough ranks 3 of 16 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 47 of 564.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Prospect Park Borough has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
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 household income	$48,497 (±$6,051)	$53,125 (±$10,222)	+9.5%	No measurable change 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.

Households that rent in places near Prospect Park Borough

Nearest places with a published estimate, compared with Prospect Park Borough
Place	Distance	Households that rent	Compared with this place
Prospect Park Borough	—	58.0% (±10.7 points)	—
Haledon Borough	0.8 mi	52.4% (±8.9 points)	Not measurably different
Hawthorne Borough	1.3 mi	30.9% (±4.0 points)	Lower
North Haledon Borough	1.6 mi	6.3% (±3.2 points)	Lower
Paterson	1.9 mi	73.1% (±1.6 points)	Higher
Preakness	2.7 mi	29.4% (±3.8 points)	Lower
Glen Rock Borough	2.8 mi	9.8% (±4.8 points)	Lower
Fair Lawn Borough	3.0 mi	21.9% (±2.9 points)	Lower
Totowa Borough	3.6 mi	26.4% (±8.1 points)	Lower

Nearby places with a measurably lower figure: Hawthorne Borough, NJ (30.9%), North Haledon Borough, NJ (6.3%), Preakness, NJ (29.4%).

Nearby places with a measurably higher figure: Paterson, NJ (73.1%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Passaic County, place by place

Rank	Place	Households that rent
1	Passaic	76.2% (±1.9 points)
2	Paterson	73.1% (±1.6 points)
3	Prospect Park Borough	58.0% (±10.7 points)
4	Haledon Borough	52.4% (±8.9 points)
5	Clifton	40.4% (±1.9 points)
6	Woodland Park Borough	37.0% (±5.9 points)
7	Hawthorne Borough	30.9% (±4.0 points)
8 (tie)	Bloomingdale Borough	28.8% (±7.1 points)
8 (tie)	Little Falls Township	28.8% (±4.8 points)

Showing 9 of 16 places in Passaic County, ranked from highest to lowest.

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

How many renters are there in Prospect Park Borough?

Prospect Park Borough has an estimated 1,198 (±260) renting households, 58.0% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Prospect Park Borough?

In Prospect Park Borough, the share of households that rent went from 57.4% in 2015–2019 to 58.0% in 2020–2024 (+0.6 percentage points), not a measurable change.

How big are renting households in Prospect Park Borough?

A renting household in Prospect Park Borough has 3.0 people on average, against 3.2 in an owned home.

How much do renters earn in Prospect Park Borough?

The median renting household in Prospect Park Borough, NJ has an income of $36,786 (±$17,880) a year, against $93,973 for households that own their home.

Sources

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) and detailed tables (acs/acs5) 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 DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

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.