Prospect Park borough: Homeownership Rate Trend
How Prospect Park borough's homeownership rate changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
62.9%
2023
57.3%
Total change
-5.6 pp
% change
-8.9%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 62.9% | — |
| 2019 | 65.9% | +3.0 pp (4.8%) |
| 2020 | 63.8% | -2.1 pp (-3.2%) |
| 2021 | 60.2% | -3.6 pp (-5.6%) |
| 2022 | 60.0% | -0.2 pp (-0.3%) |
| 2023 | 57.3% | -2.7 pp (-4.5%) |