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Affordable
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These days, finding an affordable place to live in the Prospect Heights area can be challenging. Home prices in Prospect Heights are now at a median cost of $302,643, higher than the Illinois average of $300,242.
The average cost of rent is $1,551/mo in Prospect Heights, primarily driven by the current value of real estate in the Prospect Heights area. In Prospect Heights, 35.58% of households rent, and 51.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Prospect Heights is $7,627 per month. Households that rent pay about 20.34% of their income on rent here. Prospect Heights’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wheeling, IL: equally priced homes
- Mount Prospect, IL: higher priced homes
- Arlington Heights, IL: higher priced homes
- Northbrook, IL: higher priced homes
- Glenview Nas, IL: higher priced homes
- Des Plaines, IL: equally priced homes
- Buffalo Grove, IL: higher priced homes
- Riverwoods, IL: higher priced homes
- Deerfield, IL: higher priced homes
- Glenview, IL: higher priced homes
Cities with Similar Populations
- Shiloh, IL: less expensive homes
- El Reno, OK: less expensive homes
- El Segundo, CA: higher priced homes
- Elkhorn, WI: equally priced homes
- Ellington, CT: higher priced homes
- Eloy, AZ: less expensive homes
- Emmett, ID: higher priced homes
- Eureka, MO: higher priced homes
- Fairhaven, MA: higher priced homes
- Fairview, CA: higher priced homes
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