Prospect Park borough: Median Gross Rent Trend
How Prospect Park borough's median gross rent 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
$925
2023
$1,154
Total change
+$229
% change
+24.8%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $925 | — |
| 2019 | $1,043 | +$118 (12.8%) |
| 2020 | $966 | $77 (-7.4%) |
| 2021 | $1,076 | +$110 (11.4%) |
| 2022 | $1,160 | +$84 (7.8%) |
| 2023 | $1,154 | $6 (-0.5%) |