Packanack Lake vs Prospect Park

A side-by-side comparison of Packanack Lake and Prospect Park: population, income, housing, and more.

Packanack Lake and Prospect Park are places in New Jersey. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Prospect Park has the higher population (6,286 vs 6,126 in Packanack Lake). Packanack Lake has the higher median household income ($196,343 vs $48,615 in Prospect Park). Packanack Lake has the higher median home value ($594,000 vs $391,500 in Prospect Park).

Population, income & housing

	Packanack Lake	Prospect Park
Population	6,126	6,286
Median age	43.9 yrs	35.4 yrs
Median household income	$196,343	$48,615
Median home value	$594,000	$391,500
Median gross rent	$3,501	$1,794
Housing units	1,987	2,176
Homeownership rate	95.8%	40.1%
Bachelor's degree or higher	66.0%	24.5%
Unemployment rate	3.4%	8.2%

Trends (ACS 5-year, 2019–2023)

	Packanack Lake	Prospect Park
Population	5,699 → 6,126 (+7.5%)	5,865 → 6,286 (+7.2%)
Median household income	$142,353 → $196,343 (+37.9%)	$48,497 → $48,615 (+0.2%)
Median home value	$497,600 → $594,000 (+19.4%)	$266,300 → $391,500 (+47.0%)
Median gross rent	$2,875 → $3,501 (+21.8%)	$1,439 → $1,794 (+24.7%)

Packanack Lake

Population

5,6996,126

Median household income

$142,353$196,343

Median home value

$497,600$594,000

Median gross rent

$2,875$3,501

Prospect Park

Population

5,8656,286

Median household income

$48,497$48,615

Median home value

$266,300$391,500

Median gross rent

$1,439$1,794

Age & race/ethnicity

Age distribution (share)

	Packanack Lake	Prospect Park
Under 5	5.5%	6.4%
5 to 17	18.2%	22.3%
18 to 24	6.8%	10.4%
25 to 34	10.2%	10.2%
35 to 44	10.9%	14.9%
45 to 54	13.0%	12.7%
55 to 64	17.4%	12.6%
65 to 74	11.2%	5.3%
75 and over	6.8%	5.1%

Race & ethnicity (share)

	Packanack Lake	Prospect Park
White (non-Hispanic)	78.0%	15.9%
Black or African American	1.6%	14.3%
American Indian & Alaska Native	0.0%	0.2%
Asian	5.5%	3.6%
Native Hawaiian & Pacific Islander	0.0%	0.0%
Some other race	4.0%	0.0%
Two or more races	1.8%	2.3%
Hispanic or Latino	9.0%	63.7%

Educational attainment (age 25+)

Share of adults 25+

	Packanack Lake	Prospect Park
No high school diploma	1.7%	11.3%
High school graduate	15.1%	42.6%
Some college or associate's	17.2%	21.7%
Bachelor's degree	39.5%	14.3%
Graduate or professional degree	26.4%	10.2%

Commute to work

How workers get to work (share)

	Packanack Lake	Prospect Park
Drove alone	63.6%	74.9%
Carpooled	3.1%	16.1%
Public transit	5.8%	0.9%
Walked	0.9%	1.3%
Bicycle	0.5%	0.0%
Worked from home	26.1%	2.9%
Other means	0.0%	3.9%

Housing

Units in structure (share)

	Packanack Lake	Prospect Park
1-unit, detached	99.7%	20.4%
1-unit, attached	0.3%	6.3%
2 to 4 units	0.0%	72.2%
5 to 19 units	0.0%	0.0%
20 or more units	0.0%	1.2%
Mobile home & other	0.0%	0.0%

Poverty & households

	Packanack Lake	Prospect Park
Poverty rate	1.0%	24.9%
Average household size	3.08	3.07
Mean commute (minutes)	28	22
Median year structure built	1955	1942