Bankruptcy Homes in Prospect Park, PA

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Home Value Estimator For Prospect Park, PA

There are currently 1,874 real estate properties in Prospect Park, PA, with a median automated valuation model (AVM) price of $243,695.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Prospect Park, PA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Prospect Park, PA, is $256,484.00, with the most expensive house in Prospect Park, PA, topping out at $1,418,300.00 and the cheapest home in Prospect Park, PA, clocking in at $11,360.00. In other words, there’s something for every potential homebuyer or savvy investor in Prospect Park, PA!

Rent Prices In Prospect Park, PA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Prospect Park, PA, is on a rollercoaster ride. The average rent price in Prospect Park, PA, is $1,503.00. Indeed, when looking to rent in Prospect Park, PA, you can expect to pay as little as $890.00 or as much as $2,560.00, with the average rent median estimated to be $1,480.00. The good news is that finding an affordable and desirable property to rent in Prospect Park, PA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Prospect Park, PA In 2024

Prospect Park is located in Delaware, Pennsylvania, with an estimated municipal population of 6,492 residents. All of the best foreclosed homes for sale in Prospect Park are located in the following zip code areas on 19076. The estimated population per square kilometer (.62 miles) in Prospect Park is 3,425.

Cost Of Living In Prospect Park, PA

So, about how much do homes cost in Prospect Park? The most recent median value of resident-owned homes in Prospect Park is 191,656. An estimated 65.9 percent of households in Prospect Park own their homes, with an average family size of 3.19. The median household income in Prospect Park is 60,569, with26.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Prospect Park, the median commute time of resident workers (in minutes) is 26.8. And last, but certainly not least, are you looking for homes to rent in Prospect Park? If so, the average rent price paid by renters in Prospect Park is 1,043, according to recent statistics.

Diversity And Demographics In Prospect Park, Pennsylvania

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Prospect Park, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Prospect Park is 35.7, split between 45.7 percent male versus 54.3 female. The percentage of residents who report being married in Prospect Park is 33.1, with an average family size of 3.19.

The percentage of residents who report their race in Prospect Park is as follows:

White 90.5%
Black / African American 6%
Asian 0.7%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.7%
Other 0.1%

Looking for family-friendly neighborhoods in and/or near Prospect Park? Or maybe you are searching for 55+ active adult communities in and/or near Prospect Park?

The percentage of residents who report their age in Prospect Park is as follows:

Under 10 14.9%
Aged 10-19 11.5%
20s 13.4%
30s 16.7%
40s 12.7%
50s 12.9%
60s 8%
70s 5.2%
80+ 4.7%

Best Schools In Prospect Park, Pennsylvania

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Prospect Park with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Prospect Park.

Pros And Cons Of Living In Prospect Park, Pennsylvania

How do you know that living in -- or moving to -- Prospect Park is right where you need to be? Perhaps you grew up in Prospect Park or already live nearby; therefore, the decision to buy a home in Prospect Park is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Prospect Park for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Prospect Park:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Prospect Park.

Reasons To Move To Prospect Park, Pennsylvania, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Prospect Park can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Prospect Park, meanwhile, can field multiple offers from more qualified buyers.

Prospect Park, PA Bankruptcy Homes


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