East Prospect Park, Ypsilanti, MI
East Prospect Park — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for East Prospect Park, Ypsilanti, Michigan. Explore the cited sources and local facts below while agent underwriting continues.
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East Prospect Park Neighborhood Overview
East Prospect Park is a residential neighborhood in Ypsilanti, Michigan, offering a blend of suburban tranquility and urban accessibility. Centered near the expansive Prospect Park, the area provides residents with green space and a strong sense of community. Its location provides convenient access to both downtown Ypsilanti and nearby Ann Arbor.
Lifestyle & Amenities
The neighborhood's namesake, Prospect Park, serves as a central recreational hub for walking, sports, and community gatherings. Residents enjoy proximity to local shops, restaurants, and services along Washtenaw Avenue and in downtown Ypsilanti. The area balances quiet, tree-lined streets with the cultural and entertainment options of a college town.
Real Estate Market
The median home value in East Prospect Park is $258,500 according to U.S. Census Bureau ACS 5-Year Estimates (2022). Current market activity shows a price per square foot of approximately $257.1/sqft according to Redfin market data, indicating a stable and active housing market for the area.
Schools & Education
Families in East Prospect Park are served by the Ypsilanti Community Schools district. The neighborhood's location also provides relatively easy access to higher education institutions, including Eastern Michigan University and the University of Michigan in nearby Ann Arbor.
Transportation & Connectivity
Major routes like Washtenaw Avenue (US-12) and I-94 provide drivers with direct connections to Ann Arbor, Detroit, and beyond. The area is also served by the Ann Arbor Area Transportation Authority (TheRide) bus system, offering public transit options for commuters and residents.
Why Choose East Prospect Park
East Prospect Park appeals to those seeking an affordable, established neighborhood with park access and community feel. With a median household income of $67,521 according to U.S. Census Bureau ACS 5-Year Estimates (2022), it offers a solid value within the greater Ypsilanti area. Its location strikes an ideal balance between the charm of Ypsilanti and the amenities of a major metropolitan region.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Redfin Neighborhood Market Tracker — redfin.com/news/data-center
East Prospect Park Market Data
| Metric | Value |
|---|---|
| Median Home Price | $259K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $68K |
| Homeownership Rate | 52.8% |
| Renter-Occupied | 47.2% |
| Rental Vacancy Rate | 3.9% |
| Market Type | Seller's |
| Market Tier | Mid-Market |
| Primary ZIP Code | 48197 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 264,220 |
| VA Loan Originations | 9,916 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $247K |
| Conventional Loan Originations | 227,996 |
| FHA Loan Originations | 26,308 |
Top Real Estate Agents in East Prospect Park, Ypsilanti
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for East Prospect Park, Ypsilanti, MI. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Michigan Department of Licensing and Regulatory Affairs (LARA) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-16