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Mount Prospect, IL Housing

 
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As of 2010-2014, median price of a house in Mount Prospect is $290,800, which is much higher than the state average of $175,700 and is much higher than the national average of $175,700. The Mount Prospect median house value has grown by 33.58% since 2000. The growth rate for the price of a house in Mount Prospect is about the same as the state average rate of 34.33% and is lower than the national average rate of 46.91%. The median year that a house in Mount Prospect was built is 1967, which is about the same as the median year for a house built in the state which is 1967 and is older than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 14,485 Owner Occupied Houses in Mount Prospect, IL, #73
Mount Prospect, IL
290,800 USD
Illinois
175,700 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #672
Mount Prospect, IL
33.58%
Illinois
34.33%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Mount Prospect, ILIllinoisU.S.
Total Housing Units21,629, see rank, 100%5,299,433132,741,033
Occupied Housing Units20,288, 93.80%, see rank90.17%87.55%
Owner Occupied14,485, 66.97%, see rank60.28%56.34%
Renter Occupied5,803, 26.83%, see rank29.89%31.21%
Vacant Housing Units1,341, 6.20%, see rank9.83%12.45%
For Rent496, 2.29%, see rank2.18%2.34%
For Sale Only288, 1.33%, see rank1.36%1.20%
Rented or Sold, Not Occupied167, 0.77%, see rank0.87%0.92%
For Seasonal, Recreational, or Occasional Use76, 0.35%, see rank0.95%3.97%
For Migrant Workers0, 0.00%, see rank0.01%0.03%
Other Vacant314, 1.45%, see rank4.46%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #490
Mount Prospect, ILIllinoisU.S.
196719671976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Mount Prospect, IL%IllinoisU.S.
Owner-Occupied Units14,485100%3,194,70774,787,460
With a Mortgage9,43365.12%, see rank67.18%65.58%
Without a Mortgage5,05234.88%, see rank32.82%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Mount Prospect, IL
2,136 USD
Illinois
1,676 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsMount Prospect, IL%IllinoisU.S.
$299 or Less130.14%, see rank0.14%0.20%
$300 to $499330.35%, see rank1.21%1.59%
$500 to $6991091.16%, see rank4.05%5.01%
$700 to $9994294.55%, see rank11.52%14.32%
$1,000 to $1,4991,38814.71%, see rank24.62%27.90%
$1,500 to $1,9992,08022.05%, see rank22.62%20.35%
$2,000 to $2,9993,84240.73%, see rank24.08%19.52%
$3,000 or More1,53916.32%, see rank11.76%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Mount Prospect, IL
26.60% of the Total Income
Illinois
24.20% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Mount Prospect, IL%IllinoisU.S.
10% or Less4134.38%, see rank5.20%5.86%
10% to 20%2,60727.64%, see rank31.00%31.95%
20% to 30%2,58327.38%, see rank27.90%27.64%
30% to 40%1,80719.16%, see rank14.28%13.74%
40% or More1,97020.88%, see rank21.15%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Mount Prospect, IL
787 USD
Illinois
572 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsMount Prospect, IL%IllinoisU.S.
$199 or Less440.87%, see rank4.12%7.76%
$200 to $299961.90%, see rank8.95%14.70%
$300 to $4994288.47%, see rank27.30%34.63%
$500 to $6991,26425.02%, see rank25.34%21.16%
$700 or More3,22063.74%, see rank34.29%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Mount Prospect, IL
16.90% of the Total Income
Illinois
13.50% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Mount Prospect, IL%IllinoisU.S.
10% or Less1,23524.45%, see rank34.64%40.19%
10% to 20%1,79335.49%, see rank34.00%31.47%
20% to 30%98019.40%, see rank13.55%12.24%
30% to 40%3927.76%, see rank6.36%5.64%
40% or More62212.31%, see rank10.25%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Mount Prospect, ILIllinoisU.S.
Total Housing Units21,629, 100%5,299,433132,741,033
1-unit, Detached12,072, 55.81%, see rank58.58%61.65%
1-unit, Attached855, 3.95%, see rank5.85%5.82%
2 Units268, 1.24%, see rank5.71%3.75%
3 or 4 Units825, 3.81%, see rank6.80%4.43%
5 to 9 Units2,407, 11.13%, see rank6.22%4.78%
10 or More Units5,151, 23.82%, see rank14.23%13.08%
Mobile Home, Boat, RV, Van, etc.51, 0.24%, see rank2.61%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Mount Prospect, ILIllinoisU.S.
Total Housing Units21,629, 100%5,299,433132,741,033
1 Room153, 0.71%, see rank2.20%1.95%
2 Rooms420, 1.94%, see rank2.22%2.48%
3 Rooms1,793, 8.29%, see rank8.27%9.13%
4 Rooms4,375, 20.23%, see rank16.08%16.60%
5 Rooms4,006, 18.52%, see rank20.31%20.41%
6 Rooms3,116, 14.41%, see rank18.17%18.06%
7 Rooms3,243, 14.99%, see rank12.12%12.27%
8 Rooms2,549, 11.79%, see rank8.93%8.48%
9 Rooms or More1,974, 9.13%, see rank11.70%10.60%
Median Rooms5.50, see rank5.605.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Mount Prospect, ILIllinoisU.S.
Total Housing Units21,629, 100%5,299,433132,741,033
No Bedroom176, 0.81%, see rank2.50%2.17%
1 Bedroom3,061, 14.15%, see rank11.67%11.16%
2 Bedrooms5,726, 26.47%, see rank29.01%26.69%
3 Bedrooms8,283, 38.30%, see rank36.76%39.70%
4 Bedrooms3,795, 17.55%, see rank15.97%16.05%
5 or More Bedrooms588, 2.72%, see rank4.10%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Mount Prospect, ILIllinoisU.S.
Total Housing Units20,288, 100%4,778,633116,211,092
Utility Gas16,243, 80.06%, see rank79.46%48.85%
Bottled, Tank, or LP Gas142, 0.70%, see rank4.08%4.86%
Electricity3,724, 18.36%, see rank14.82%36.68%
Fuel Oil, Kerosene, etc.15, 0.07%, see rank0.20%5.86%
Coal or Coke0, 0.00%, see rank0.02%0.12%
Wood11, 0.05%, see rank0.50%2.12%
Solar Energy0, 0.00%, see rank0.02%0.05%
Other Fuel70, 0.35%, see rank0.45%0.47%
No Fuel Used83, 0.41%, see rank0.46%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalMount Prospect, ILIllinoisU.S.
Occupied Units Paying Rent5,689, 100%1,513,61739,201,928
$199 or Less61, 1.07%, see rank1.84%1.50%
$200 to $29979, 1.39%, see rank3.23%3.18%
$300 to $49998, 1.72%, see rank7.28%7.37%
$500 to $699210, 3.69%, see rank15.00%16.01%
$700 to $9992,727, 47.93%, see rank33.11%29.17%
$1,000 to $1,4992,137, 37.56%, see rank26.04%26.88%
$1,500 to $1,999266, 4.68%, see rank8.81%9.79%
$2,000 or More111, 1.95%, see rank4.70%6.10%
Median$973, see rank$903$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Mount Prospect, ILIllinoisU.S.
Occupied Housing Units20,288, 100%4,778,633116,211,092
No Vehicles Available1,048, 5.17%, see rank10.79%9.12%
1 Vehicles Available6,802, 33.53%, see rank35.14%33.80%
2 Vehicles Available9,163, 45.16%, see rank36.99%37.48%
3 or More Vehicles Available3,275, 16.14%, see rank17.09%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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