Prospect Park, PA
Population 6,402 · Pennsylvania
About Prospect Park, PA
Prospect Park is a small town located in Pennsylvania with a population of 6,402 residents according to the latest US Census Bureau American Community Survey data. The median household income is $65,774 per year, which is 12% below the national median of $75,149. The median age of 38 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Prospect Park features a median home value of $239,700, which is 2% below the national median of $244,900. This positions Prospect Park in a moderately priced market relative to the rest of the country. Median monthly rent is $1,154, 1% below the national average of $1,163/month. Of the 2,671 total housing units, 57% are owner-occupied (1,458 units) and 43% are renter-occupied (1,087 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Prospect Park shows an unemployment rate of 5.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 13.4%, above the national average of 12.4%. Workers in Prospect Park have an average one-way commute time of 21.4 minutes.
Education & Demographics
23.2% of Prospect Park residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 1.2% Hispanic or Latino, 0.5% Black or African American, and 0.1% Asian residents, with 5.2% of the population being foreign-born.
Cost of Living in Prospect Park, PA
Compared to national averages, Prospect Park has a median household income of $65,774 (12% below the national median of $75,149). Home values average $239,700, which is 2% below the national median. Monthly rent at $1,154 is 1% below the US average of $1,163. Within Pennsylvania, Prospect Park's income is 10% below the state average of $73,376, and home values are 26% above the state median of $190,903.
Why Live in Prospect Park, PA?
Prospect Park offers affordable housing with a median home value of $239,700, below the US average of $244,900, and rent that’s lower than the national average at $1,154/month, and short commute times averaging just 21.4 minutes.
Potential considerations include median household income ($65,774) that falls below the national average. However, Prospect Park’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Prospect Park has a population of 6,402 with a median age of 38 years. Compare Prospect Park with other cities to see how it stacks up, or explore all cities in Pennsylvania.
Similar Cities Near Prospect Park
Cities in Pennsylvania with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Blue Bell | 6,450 | $159,963 | $581,500 | Compare |
| Forest Hills | 6,332 | $86,802 | $182,200 | Compare |
| Catasauqua | 6,491 | $74,363 | $201,600 | Compare |
| Red Lion | 6,494 | $63,672 | $172,000 | Compare |
| Swarthmore | 6,524 | $146,992 | $557,900 | Compare |
| Steelton | 6,267 | $55,963 | $124,200 | Compare |
| Taylor | 6,261 | $60,446 | $169,800 | Compare |
| Milton | 6,582 | $53,552 | $172,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Pennsylvania
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Prospect Park With Other Cities
Frequently Asked Questions about Prospect Park
What is the population of Prospect Park, PA?
The population of Prospect Park, PA is 6,402 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Pennsylvania.
What is the median household income in Prospect Park?
The median household income in Prospect Park, PA is $65,774 per year, which is 12% below the national median of $75,149.
What is the median home value in Prospect Park?
The median home value in Prospect Park, PA is $239,700, which is 2% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Prospect Park?
The median monthly rent in Prospect Park, PA is $1,154, which is 1% below the national average of $1,163/month.
What is the unemployment rate in Prospect Park?
The unemployment rate in Prospect Park, PA is 5.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Prospect Park, PA a good place to live?
Prospect Park offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 6,402 and a median age of 38, the city appeals to a broad range of residents.
How educated is Prospect Park, PA?
23.2% of residents in Prospect Park aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Prospect Park?
Key cost-of-living indicators for Prospect Park, PA: median home value is $239,700 (2% below national), median rent is $1,154/month, and median household income is $65,774. The home-value-to-income ratio is 3.6x, a moderate figure by national standards.
What is the poverty rate in Prospect Park?
The poverty rate in Prospect Park, PA is 13.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Prospect Park, PA?
Prospect Park's population is 0.0% White, 1.2% Hispanic or Latino, 0.5% Black or African American, 0.1% Asian, and 10.5% two or more races. 5.2% of residents are foreign-born.