Population 8,619 · Census ACS 2020–24
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Median age by neighborhoodHistory and comparison ↓︎
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Population and households in Prospect Park
Household size in Prospect Park
| Period | Prospect Park | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.34 | 2.58 | 2.52 | 2.68 |
| 2010–14 | 2.46 | 2.61 | 2.54 | 2.73 |
| 2015–19 | 2.69 | 2.63 | 2.55 | 2.71 |
| 2020–24 | 2.16 | 2.58 | 2.52 | 2.65 |
| Change | −0.18 | −0.00 | +0.00 | −0.03 |
Households in Prospect Park are small: just 2.16 people on average, compared with 2.65 nationally. That is typical of places where many people live alone or as couples, and fewer have children at home. Since 2006–10, household size has dropped from 2.34, a much bigger shift than nationally.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Prospect Park
| Period | Prospect Park | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 24.0 | 36.8 | 37.9 | 37.7 |
| 2010–14 | 23.7 | 37.8 | 38.9 | 38.6 |
| 2015–19 | 24.6 | 38.6 | 39.6 | 39.6 |
| 2020–24 | 25.7 | 39.2 | 40.0 | 40.1 |
| Change | +1.7 | +2.5 | +2.1 | +2.3 |
Prospect Park is young: half of its residents are under 25.7, compared with a national median of 40.1. The population tilts toward young adults in their twenties. Since 2006–10, the median age has climbed from 24.0, in line with the national trend. Of Minneapolis' 60 neighborhoods, only four are younger.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Prospect Park
| Period | Prospect Park | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 9.5% | 10.2% | 9.9% | 12.3% |
| 2010–14 | 8.2% | 10.6% | 10.2% | 12.3% |
| 2015–19 | 7.3% | 9.9% | 9.7% | 11.6% |
| 2020–24 | 4.5% | 9.8% | 9.6% | 11.6% |
| Change | −5.0 pts | −0.4 pts | −0.3 pts | −0.6 pts |
Single-parent households are relatively rare in Prospect Park: 4.5% of households, against 11.6% nationally. The single-parent share has fallen 5.0 points since 2006–10, a much bigger shift than nationally. Prospect Park has a lower share of single-parent households than the great majority of Minneapolis neighborhoods.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Prospect Park
Renters in Prospect Park
| Period | Prospect Park | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 73.7% | 27.3% | 25.8% | 33.3% |
| 2010–14 | 74.6% | 29.6% | 27.9% | 35.6% |
| 2015–19 | 71.4% | 30.0% | 28.4% | 36.0% |
| 2020–24 | 79.5% | 29.3% | 27.8% | 34.8% |
| Change | +5.9 pts | +2.0 pts | +2.0 pts | +1.5 pts |
Most households in Prospect Park rent: 79.5% of occupied homes are rented, far above the national share of 34.8%. Expect more apartments, and more turnover, than in owner-heavy areas. Among owners, 78.2% have paid off their mortgages, well above the national share of 39.8%. The renter share has risen 5.9 points since 2006–10, a much bigger shift than nationally.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Prospect Park
| Period | Prospect Park | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 11.2% | 7.0% | 9.2% | 11.4% |
| 2010–14 | 8.8% | 6.2% | 9.0% | 11.4% |
| 2015–19 | 11.2% | 5.5% | 8.7% | 11.1% |
| 2020–24 | 14.3% | 5.7% | 8.3% | 9.6% |
| Change | +3.1 pts | −1.3 pts | −0.9 pts | −1.8 pts |
Vacancy is high in Prospect Park: 14.3% of homes are empty, far above the national rate of 9.6%. In resort and lake areas that usually means seasonal and vacation homes; elsewhere it can point to weak demand. Since 2006–10, vacancy has risen 3.1 points, even as the national rate fell.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Prospect Park
| Period | Prospect Park | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 1964 | 1975 | 1973 | 1974 |
| 2010–14 | 1968 | 1976 | 1974 | 1975 |
| 2015–19 | 1990 | 1977 | 1975 | 1977 |
| 2020–24 | 1997 | 1980 | 1978 | 1980 |
| Change | +33 | +4 | +5 | +6 |
Prospect Park has newer housing than the country as a whole: the median home was built in 1997, versus 1980 nationally. The median year built has moved up from 1964 in 2006–10, a sign of steady new building. Newer construction is concentrated in the north, while the southeast has the oldest housing. Few Minneapolis neighborhoods have newer homes: only three of 60.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Prospect Park
| Period | Prospect Park | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | $876 | $1,007 | $882 | $965 |
| 2010–14 | $882 | $1,077 | $953 | $1,040 |
| 2015–19 | $1,237 | $1,258 | $1,099 | $1,213 |
| 2020–24 | $1,475 | $1,603 | $1,404 | $1,571 |
| Change | +$599 | +$597 | +$522 | +$606 |
Rent in Prospect Park runs $1,475 a month at the median, utilities included, below the U.S. median of $1,571. Rent has climbed $599 a month since 2006–10, up 68%, faster than rents rose nationally. The typical renter here spends 40.9% of household income on rent, well over the 30% mark often used to define affordable rent, so many renters here are stretched. Renters on a budget will find the lowest rents in the northwest; the highest are in the east.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Prospect Park
Bachelor's degrees in Prospect Park
| Period | Prospect Park | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 64.5% | 37.2% | 32.1% | 28.4% |
| 2010–14 | 61.9% | 39.1% | 33.7% | 29.6% |
| 2015–19 | 70.6% | 41.8% | 36.2% | 32.1% |
| 2020–24 | 78.8% | 45.4% | 39.6% | 35.6% |
| Change | +14.3 pts | +8.1 pts | +7.4 pts | +7.2 pts |
College graduates are unusually common in Prospect Park: 78.8% of adults 25 and older have a bachelor's degree or higher, against 35.6% nationally. Education tends to track local incomes and the kinds of jobs nearby. The share with a degree is up 14.3 points from 2006–10, mirroring the country.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Prospect Park
| Period | Prospect Park | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 93.6% | 92.4% | 91.4% | 84.9% |
| 2010–14 | 91.0% | 92.9% | 92.2% | 86.1% |
| 2015–19 | 91.7% | 93.5% | 93.0% | 87.7% |
| 2020–24 | 92.5% | 94.0% | 93.7% | 89.3% |
| Change | −1.1 pts | +1.6 pts | +2.3 pts | +4.3 pts |
About nine in ten adults in Prospect Park have finished high school (92.5%), a bit above the national rate of 89.3%. Even so, the rate is lower than in the Minneapolis area overall (94.0%). Since 2006–10, the share with a diploma has edged down 1.1 points, even as the national rate rose.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Prospect Park
| Period | Prospect Park | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 9.9% | 6.7% | 6.5% | 8.1% |
| 2010–14 | 7.9% | 6.8% | 6.5% | 9.4% |
| 2015–19 | 4.7% | 3.6% | 3.7% | 5.6% |
| 2020–24 | 11.4% | 4.0% | 4.1% | 5.4% |
| Change | +1.5 pts | −2.7 pts | −2.4 pts | −2.7 pts |
Unemployment in Prospect Park runs well above the national rate: 11.4% of the labor force was out of work and looking, against 5.4%. Few Minneapolis neighborhoods have higher unemployment: only three of 60. Since 2006–10, unemployment has risen 1.5 points, even as the national rate fell.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Prospect Park compared with nearby neighborhoods
| Neighborhood | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Prospect Park | 2.16 | 25.7 | 4.5% | 79.5% | 14.3% | 1997 | $1,475 | 78.8% | 92.5% | 11.4% |
| University District | 2.23 | 19.6 | 5.4% | 96.1% | 6.8% | 2003 | $1,502 | 47.8% | 89.2% | 10.7% |
| Seward | 2.09 | 37.2 | 9.2% | 67.4% | 4.1% | 1959 | $1,242 | 42.3% | 80.6% | 8.1% |
| Saint Anthony | 1.96 | 33.2 | 4.5% | 65.4% | 7.0% | 1981 | $1,513 | 66.7% | 96.1% | 3.1% |
| Cedar-Riverside | 2.12 | 27.5 | 24.8% | 91.8% | 4.3% | 1969 | $888 | 23.8% | 71.1% | 9.3% |
| Southeast Como | 3.03 | 23.1 | 6.5% | 76.2% | 7.8% | 1958 | $1,916 | 64.2% | 89.9% | 3.7% |
| Marcy Holmes | 2.21 | 25.5 | 6.1% | 89.1% | 15.6% | 1987 | $1,343 | 59.7% | 93.9% | 6.0% |
| Cooper | 2.26 | 42.9 | 7.1% | 26.3% | 7.0% | 1940 | $1,513 | 65.2% | 92.6% | 4.2% |
| East Phillips | 3.57 | 28.0 | 27.6% | 59.4% | 15.7% | 1951 | $1,271 | 31.9% | 69.6% | 5.3% |
| Downtown East | 1.71 | 49.1 | 0.8% | 58.5% | 10.9% | 2012 | $2,746 | 84.1% | 98.3% | 3.5% |
| Ventura Village | 2.57 | 30.2 | 18.9% | 82.7% | 13.4% | 1955 | $875 | 18.4% | 64.0% | 9.7% |
All figures 2020–24.
Neighborhoods with similar populations: Airport-Pines Road, Shreveport, LA · Phoebus, Hampton, VA · Outer Mission, San Francisco, CA · Oceanway, Jacksonville, FL · Northwest Akron, Akron, OH · Northside Ann Arbor, Ann Arbor, MI · Mondawin-Walbrook, Baltimore, MD · Moanalua, Honolulu, HI · McMurray-Huntingdon, Nashville, TN · La Homa, Mission, TX
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Prospect Park. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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