Why Live in Prospect Park
Prospect Park in Ypsilanti Township is a family-friendly neighborhood featuring mid-20th century homes, including Cape Cods, bungalows, cottages, and a few ranch styles and colonials. Most homes are modest in size, typically under 1,500 square feet, with many around 800 square feet offering two to three bedrooms. The area is characterized by its woodsy streets, which come alive with fall colors. Residents enjoy proximity to Depot Town, a historic area less than a mile south, known for its local dining and shopping options, including Sidetrack Bar and Grill and Silver Spoon Antiques. Arbor Brewing Company's Corner Brewery and Chick Inn Drive-in are local favorites within Prospect Park itself. The neighborhood's namesake, Prospect Park, spans nearly 10 acres and features a skatepark, playground, and ample green space. Nearby Frog Island Park and Riverside Park host events like the Ypsilanti Jazz Festival and Michigan Summer Beer Festival. The Ann Arbor Transportation Authority, known as TheRide, provides bus services, making commuting convenient. Ann Arbor is a 15-mile drive via Highway 94, while Trinity Health Ann Arbor Hospital is 3 miles away. For air travel, Detroit Metropolitan Wayne County Airport is 17 miles east. The area has a low crime risk compared to the national average.
Frequently Asked Questions
Is Prospect Park a good place to live?
Prospect Park is a good place to live. Prospect Park is considered very car-dependent and somewhat bikeable. Prospect Park is a suburban neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Prospect Park has 7 parks for recreational activities. It is somewhat dense in population with 7.7 people per acre and a median age of 31. The average household income is $65,070 which is below the national average. College graduates make up 29.9% of residents. A majority of residents in Prospect Park are renters, with 70.2% of residents renting and 29.8% of residents owning their home. A
local real estate agent serving Prospect Park can help you decide if this neighborhood is the right one for you. Learn more on our
Prospect Park neighborhood guide.
Is Prospect Park, MI a safe neighborhood?
Prospect Park, MI is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Prospect Park?
The median home price in Prospect Park is $479,000. If you put a 20% down payment of $95,800 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,480 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $106K a year to afford the median home price in Prospect Park. The average household income in Prospect Park is $65K.
What are the best public schools in Prospect Park?
The best public schools that serve Prospect Park are:
What are the best private schools in Prospect Park?
The best private schools that serve Prospect Park are:
What are the most popular zip codes in Prospect Park, Ypsilanti Township, MI?
What are the most popular neighborhoods near Prospect Park, Ypsilanti Township, MI?
Are home prices dropping in Prospect Park?
Yes, home prices in Prospect Park are down 50% in the last 12 months.
Home Trends in Prospect Park, MI
On average, homes in Prospect Park, Ypsilanti Township sell after 133 days on the market compared to the national average of 70 days. The median sale price for homes in Prospect Park, Ypsilanti Township over the last 12 months is $450,000, down 50% from the median home sale price over the previous 12 months.
Median Sale Price
$450,000
Median Townhouse Sale Price
$399,900
Median 2 Bedroom Sale Price
$450,000
Average Price Per Sq Ft
$420
Number of Homes for Sale
1
Last 12 months Home Sales
3
Median List Price
$479,000
Median Change From 1st List Price
6%
Median Home Sale Price YoY Change
-50%
