All Countries
Mount Prospect, IL
Full City Profile · Illinois · Lake County County
3.9
/5.0
B+
Good
55,648
Population
5,191/sq mi density
$103,911
Median Income
$48,113 per capita
$377,000
Home Value
$420,998 Zillow
$1,454
Median Rent
29.1% income on rent
51°F
Avg Temperature
260 sunny days/yr
54
Violent Crime/100K
858 property/100K
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.9 / 5.0
$103,911 median income, 2.4% unemployment
A+
Affordability
4.6 / 5.0
$377,000 home value, $1,454/mo rent
F
Safety
1.0 / 5.0
54 violent crimes/100K
A+
Education
4.9 / 5.0
48.6% bachelor's degree or higher
Housing Overview
Median Home Value
$377,000
34% above
US avg: $281,900
Median Rent
$1,454/mo
25% above
US avg: $1,163/mo
Homeownership Rate
70.0%
7% above US avg (65.4%)
Total Housing Units
23,034
Median year built: 1968
Home Value by Source
Census Median
$377,000
Zillow (ZHVI)
$420,998
Median Sale Price
$378,500
Median List Price
$439,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
70.0%
Owner-Occupied
30.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent:
$1,454/mo
· Zillow rent:
$1,758/mo
Market Indicators (Redfin)
Median Days on Market
42 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
28
Price Drops
11.8%
of listings with price reduction
Price Per Sq Ft
$252
Active Inventory
68
homes for sale
Affordability & Housing Stock
Rent Burden
29.1%
of renters spending 30%+ of income on housing
6% below US avg (31.0%)
Median Year Built
1968
Average age of housing stock: 58 years
Homeownership Rate
70.0%
Complete Housing Data
Home Values
| Census Median Value | $377,000 |
| Zillow Home Value (ZHVI) | $420,998 |
| Median Sale Price | $378,500 |
| Median List Price | $439,000 |
| Price Per Sq Ft | $252 |
Rent
| Census Median Rent | $1,454 |
| Zillow Rent (ZORI) | $1,758 |
| FMR Studio | $774 |
| FMR 1-Bedroom | $854 |
| FMR 2-Bedroom | $1,063 |
| FMR 3-Bedroom | $1,370 |
| FMR 4-Bedroom | $1,561 |
Market
| Days on Market | 42 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 11.8% |
| Homes Sold | 28 |
| Active Inventory | 68 |
| Price Per Sq Ft | $252 |
Ownership & Stock
| Owner-Occupied | 70.0% |
| Renter-Occupied | 30.0% |
| Homeownership Rate | 70.0% |
| Total Housing Units | 23,034 |
| Median Year Built | 1968 |
| Rent Burden | 29.1% |