Home prices
The median home in Prospect Park is valued at $266,300. It is about $85,020 (24%) lower in comparison to its nearby areas.It is approximately $48,800 (22%) higher compared to the entire country, and it is roughly $339,700 (56%) lower compared to the city of New York.
Rents
Prospect Park's median rent is $1,439 a month. Compared to its surrounding areas this is approximately $128 (8%) lower.It is about $377 (35%) higher compared to the rest of the country, and it is is very similar compared to the city of New York.
Nearby places
Haledon
Haledon is Prospect Park's neighbor to the west. Its real estate prices are similar. The median home cost in Haledon is $271,700, which is $5,400 (1%) higher than Prospect Park. The rent there is similar. The median monthly rent in Haledon is $1,408, which comes out to $31 (2%) lower than Prospect Park.
Hawthorne
Hawthorne is Prospect Park's neighbor to the northeast. Housing prices there are somewhat more expensive. Hawthorne's median home cost is $381,000, which is $114,700 (30%) higher than Prospect Park. Rents there are similar. Hawthorne's median rent is $1,485 a month, which comes out to $46 (3%) higher than Prospect Park.
Paterson
Paterson is Prospect Park's neighbor to the south. The housing prices there are somewhat less expensive. The median home in Paterson is valued at $244,200, which is $22,100 (9%) lower than Prospect Park. Rent there is a little less expensive. The median monthly rent in Paterson is $1,193, which works out to $246 (20%) lower than Prospect Park.
North Haledon
North Haledon is Prospect Park's neighbor to the north. Its real estate prices are significantly more expensive. The median home in North Haledon is valued at $435,700, which is $169,400 (38%) higher than Prospect Park. Its rents are significantly more expensive. In North Haledon the median monthly rent is $2,188, which comes out to $749 (34%) higher than Prospect Park.
Fair Lawn
Fair Lawn is approximately 2 miles east of Prospect Park. Its real estate prices are substantially more expensive. Fair Lawn's median home value is $424,000, which comes out to $157,700 (37%) higher than Prospect Park. Rents there are a little more expensive. The median rent in Fair Lawn is $1,560 a month, which works out to $121 (7%) higher than Prospect Park.
