Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Mount Prospect area can be challenging. Home prices in Mount Prospect are now at a median cost of $277,715, higher than the Illinois average of $242,002.
The average cost of rent is $1,304/mo in Mount Prospect, primarily driven by the current value of real estate in the Mount Prospect area. While nearly 38.86% of residents own their homes outright in Mount Prospect, 42.08% rent.
Housing affordability isn’t just about home prices, though. The average household income in Mount Prospect is $7,100 per month. Households that rent pay about 18.37% of their income on rent here. Mount Prospect's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Des Plaines, IL: less expensive homes
- Prospect Heights, IL: less expensive homes
- Arlington Heights, IL: higher priced homes
- Rolling Meadows, IL: less expensive homes
- Wheeling, IL: equally priced homes
- Elk Grove Village, IL: less expensive homes
- Rosemont, IL: higher priced homes
- Glenview Nas, IL: higher priced homes
- Park Ridge, IL: higher priced homes
- Glenview, IL: higher priced homes
Cities with Similar Populations
- Annapolis, MD: higher priced homes
- Goshen, IN: less expensive homes
- Forney, TX: equally priced homes
- Waxahachie, TX: less expensive homes
- DeSoto, TX: less expensive homes
- Delano, CA: less expensive homes
- Culver City, CA: higher priced homes
- Commerce City, CO: higher priced homes
- Crestview, FL: less expensive homes
- Chicopee, MA: less expensive homes
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