Mt. Prospect, IL Real Estate

According to census data in the year 2000 there were 22,081 housing units in Mt. Prospect. This represents a 5.4% growth from 20,949 in 1990.

Of those housing units, 22,081 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Mt. Prospect is about 71.3%. Mt. Prospect's vacancy rate, including seasonal lodging, is about 1.6%. Average household size is 2.61 people.

The majority of houses, apartments or condos in Mt. Prospect were built after 1968.


Housing Size

Housing Units by Size
Studio Type3%
One Bedroom14.90%
Two Bedrooms24.70%
Three Bedrooms39.20%
Four Bedrooms16.50%
Five Bedrooms or more1.80%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.69
Median year structure was built1965
Median Value of occupied units$217,700
Median Price asked for vacant units$200,000

Rented Homes, Apartments and Condos

Average Household Size2.4
Median year structure was built1974
Median Monthly Rent asked for vacant units$873

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.10%
Second Mortgage5.10%
Home Equity Loan9.30%
Simple Mortgage49.50%
Debt Free35.90%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.1%