Passaic County, NJ

Living in Prospect Park, NJ: The Complete Neighborhood Guide

Deepest Value in Passaic County. Compact and Connected.

Last updated: September 2026

$370,000
Median Home Price
38 min
To Penn Station
5,876
Population
1901
Founded
8.8%
YoY Appreciation

Why Prospect Park, NJ?

Prospect Park is the most affordable borough in Passaic County at $370K — a compact community of under 6,000 with 8.8% appreciation, the highest in the county. First-time buyer territory.

Prospect Park Real Estate Market in 2026

Prospect Park homes sell in 20 days at a $370K median, appreciating at 8.8%. Compact housing stock.

$370,000
Median Price
$255/sqft
Price Per Sq Ft
20 days
Avg Days on Market
+8.8%
Year Over Year

Best Neighborhoods in Prospect Park

1 distinct neighborhoods, each with its own character and price range

Haledon Avenue

$350,000 to $425,000

Commercial corridor. Dense and walkable.

Best for: First-time buyers

Commuting from Prospect Park to NYC

38
Minutes to Penn Station
Bus to Paterson
Transfer required
Peak frequency: 3 to 4 trains per hour
Also nearby
Newark Liberty Airport: 10 min drive
NJ Turnpike, I-78, Routes 1 and 9
7 NJ Transit bus routes

Source: NJ Transit schedules, June 2026. Peak hour commute times.

Walkability and Livability in Prospect Park

How easy is it to live car-free or car-light in Prospect Park?

62
Walk Score
Somewhat Walkable
38 min
NYC Commute
3.01%
Property Tax Rate
$7,123/year avg
42.8%
Hispanic/Latino
28.4% foreign-born

Prospect Park Schools and Ratings

Prospect Park students attend Manchester Regional High School.

Source: NCES CCD 2023 to 2024, NJDOE NJSLA 2024 to 2025

Prospect Park School No. 1

PROSPECT PARK, NJ · Elementary · Grades PK-8
F
9.6:1 ratio 652 students Score: 37/100
View all Prospect Park schools with full ratings →

Prospect Park vs Neighboring Towns: Cost Comparison

City Median Price Tax Rate Annual Tax NYC Commute
Prospect Park $370,000 3.01% $7,123 38 min
Haledon $400,000 2.89% $7,890 40 min
Paterson $380,000 3.34% $6,789 40 min

Where to Eat in Prospect Park

Local

Haledon Avenue has casual dining at affordable prices.

Parks and Recreation in Prospect Park

Prospect Park Community Park

Borough park with recreation.

New Development and Growth in Prospect Park

History of Prospect Park, NJ

Incorporated in 1901 from Manchester Township. Named for its elevated position with prospect views.

Safety in Prospect Park

Prospect Park is a compact community with active policing.

Notable Residents

Herb Kelleher (1931 to 2019) — founder and former CEO of Southwest Airlines who revolutionized the airline industry with low-cost air travel Steven Spielberg (born 1946) — legendary film director who spent part of his youth in Haddon Heights Haason Reddick (born 1994) — NFL linebacker and Pro Bowl pass rusher Willie Mosconi (1913 to 1993) — billiards champion who won the World Straight Pool Championship 15 times Patrick T. Harker (born 1958) — President of the Federal Reserve Bank of Philadelphia Fredric Jameson (1934 to 2024) — Marxist theorist and one of the most influential literary critics of the 20th century Rob Andrews (born 1957) — U.S. Congressman who represented South Jersey for 25 years

Annual Events and Festivals

Prospect Park Day

Frequently Asked Questions About Prospect Park, NJ

What is the median home price in Prospect Park, NJ?

The median home price is $370,000 as of 2026, with 8.8% year-over-year appreciation. Average $255/sqft, selling in 20 days.

How long is the commute from Prospect Park to NYC?

38 minutes via NJ Transit from on the Bus to Paterson. Transfer required.

What are property taxes in Prospect Park, NJ?

Tax rate is 3.01%. Average homeowner pays $7,123/year. At the median price of $370,000, expect about $11,137/year.

What are the best neighborhoods in Prospect Park?

Haledon Avenue ($350,000 to $425,000). See the full guide above for all 1 neighborhoods.

Is Prospect Park safe?

Prospect Park is a compact community with active policing.

How walkable is Prospect Park, NJ?

Walk Score of 62, rated "Somewhat Walkable." Median income $52,000, median age 34.2. 48% renter-occupied.

Ready to Find Your Home in Prospect Park?

Talk to a Premier Homes agent who knows Prospect Park inside and out. We have been serving this community for over 30 years.

Explore Nearby Communities

Haledon $400,000 40 min Paterson $380,000 40 min