Prospect Park

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Prospect Park, NJ Area Guide

A friendly suburb near the Paterson Great Falls National Historical Park

Family-Friendly Suburban Parks Great Schools Community

Prospect Park is a quaint suburb in northeast New Jersey lined with spacious, longstanding homes. This mainly residential community offers excellent public schools and a sprawling city park. Hofstra Park features playgrounds, a splash pad, a baseball field, basketball court, and tennis courts — not to mention wooded walking trails and a community garden.

Prospect Park is situated just east of William Paterson University, home to the Shea Center for Performing Arts. Prospect Park is surrounded by local and chain dining options like the Shepard and the Knucklehead Pub and Bottagra, a high-end Italian eatery. Several historic buildings sit near Prospect Park, including the American Labor Museum and the Brownstone, a historic landmark turned upscale restaurant and event venue. Prospect Park is a great suburb for commuters due to its close proximity to the city of Paterson, located only two miles south of town and home to the Paterson Great Falls National Historical Park.

Demographics

Median Household Income

$51,371

Average: $74,752

Education

923

Residents Have a Degree

Job Market

2,386

Workers Employed

Age Distribution
Get a sense of this area's population profile.

Median Age

34 Years

Largest Age Group

15-24 Years

Approximately 15% of Residents

Under 20

29%

Over 65

12%

Housing Distribution

Prospect Park has more renters than homeowners.

Renters
58%
Non-Renters
42%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
13%
Other Education
87%

Getting Around

Moderately Walkable

Walkability

70 / 100

Limited Public Transit

Transit

30 / 100

Moderately Drivable

Drivability

60 / 100

Fairly Bikeable

Bikeability

50 / 100

Schools

Number 1, Prospect Park Elementary School

Public

Grades PK-8

761 Students

Number 1, Prospect Park Elementary School

Public

Grades PK-8

761 Students

Points of Interest

Parks and Recreation

  • Rifle Camp Park Observatory
  • NJ Audubon Lorrimer Sanctuary
  • Saddle River County Park
  • McFaul Environmental Center
  • Abma's Farm

Airports

  • Newark Liberty International
  • LaGuardia

Top Apartments in Prospect Park

Houses for Rent in Prospect Park

Search Nearby Rentals

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.