Prospect Heights, IL Real Estate

According to census data in the year 2000 there were 6,622 housing units in Prospect Heights. This represents a 5.6% growth from 6,270 in 1990.

Of those housing units, 6,622 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Prospect Heights is about 73%. Prospect Heights's vacancy rate, including seasonal lodging, is about 2.9%. Average household size is 2.73 people.

The majority of houses, apartments or condos in Prospect Heights were built after 1973.


Housing Size

Housing Units by Size
Studio Type5%
One Bedroom21.70%
Two Bedrooms29.60%
Three Bedrooms30.10%
Four Bedrooms11.50%
Five Bedrooms or more2.10%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.61
Median year structure was built1971
Median Value of occupied units$243,300
Median Price asked for vacant units$235,000

Rented Homes, Apartments and Condos

Average Household Size3.06
Median year structure was built1975
Median Monthly Rent asked for vacant units$876

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5%
Home Equity Loan13%
Simple Mortgage53.60%
Debt Free28.40%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.4%