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Prospect Heights, IL
Full City Profile · Illinois · Lake County County
3.5
/5.0
B+
Good
15,681
Population
3,725/sq mi density
$91,599
Median Income
$46,868 per capita
$347,500
Home Value
$356,014 Zillow
$1,391
Median Rent
22.3% income on rent
51°F
Avg Temperature
260 sunny days/yr
106
Violent Crime/100K
494 property/100K
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.7 / 5.0
$91,599 median income, 3.2% unemployment
A+
Affordability
4.5 / 5.0
$347,500 home value, $1,391/mo rent
F
Safety
1.0 / 5.0
106 violent crimes/100K
B+
Education
3.9 / 5.0
36.3% bachelor's degree or higher
Housing Overview
Median Home Value
$347,500
23% above
US avg: $281,900
Median Rent
$1,391/mo
20% above
US avg: $1,163/mo
Homeownership Rate
63.5%
3% below US avg (65.4%)
Total Housing Units
6,485
Median year built: 1975
Home Value by Source
Census Median
$347,500
Zillow (ZHVI)
$356,014
Median Sale Price
$206,250
Median List Price
$287,450
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
63.5%
Owner-Occupied
36.5%
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:
$1,391/mo
Market Indicators (Redfin)
Median Days on Market
56 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
14
Price Drops
13.3%
of listings with price reduction
Price Per Sq Ft
$201
Active Inventory
30
homes for sale
Affordability & Housing Stock
Rent Burden
22.3%
of renters spending 30%+ of income on housing
28% below US avg (31.0%)
Median Year Built
1975
Average age of housing stock: 51 years
Homeownership Rate
63.5%
Complete Housing Data
Home Values
| Census Median Value | $347,500 |
| Zillow Home Value (ZHVI) | $356,014 |
| Median Sale Price | $206,250 |
| Median List Price | $287,450 |
| Price Per Sq Ft | $201 |
Rent
| Census Median Rent | $1,391 |
| 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 | 56 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 13.3% |
| Homes Sold | 14 |
| Active Inventory | 30 |
| Price Per Sq Ft | $201 |
Ownership & Stock
| Owner-Occupied | 63.5% |
| Renter-Occupied | 36.5% |
| Homeownership Rate | 63.5% |
| Total Housing Units | 6,485 |
| Median Year Built | 1975 |
| Rent Burden | 22.3% |