Prospect Park, PA Housing

The housing market in Prospect Park borough, PA is booming. The median value of homes is $235,700, which is significantly lower than the median value of homes in the United States at $338,100. The US house appreciation rate over the past year was 8.27%, however the appreciation rate for Prospect Park borough was even higher at 11.01%. This suggests that home values have been increasing more quickly in this area than the national average, making it a great place for prospective homeowners to invest in real estate.

The median home cost in Prospect Park is $235,700. Home appreciation the last 10 years has been 64.0%. Home Appreciation in Prospect Park is up 12.4%.

Average Age of Homes

- The median age of Prospect Park real estate is 67 years old

The Rental Market in Prospect Park

- Renters make up 36.1% of the Prospect Park population
- 3.7% of houses and apartments in Prospect Park, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Prospect Park, Pennsylvania	United States
	2,774.0	139,647,020.0
	70	42
	$235,700	$338,100
	12.4%	16.6%
	47.7%	57.0%
	64.0%	101.1%
	$25.63	$10.98
	$5,042	$2,690
	55.4%	57.4%
	7.9%	11.2%
	36.7%	31.4%
Vacant Housing
	3.7%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	4.2%	4.1%
Value of Owner-Occupied Housing
	1.0%	2.6%
	3.9%	2.4%
	0.0%	2.8%
	4.3%	3.9%
	0.0%	4.5%
	11.1%	11.3%
	32.3%	13.0%
	32.8%	20.1%
	11.9%	13.6%
	1.3%	8.3%
	1.4%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	0.7%	13.6%
	0.7%	13.6%
	4.5%	13.6%
	5.3%	13.2%
	4.3%	14.8%
	4.5%	13.6%
	22.2%	10.0%
	11.0%	4.7%
	36.6%	12.2%

Reviews for Prospect Park

See all (0)

Write a Review

Start Your Review of Prospect Park

Commute

Compare Prospect Park, PA
cost of living

Compare food, housing, utilities, and more in Prospect Park, Pennsylvania to any other city in the US.

Compare now

The premier source for comprehensive city data for over 30 years.

��