Housing data for Mount Prospect, IL
Mount Prospect, IL has an estimated 55,472 residents and 22,526 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a village in Cook County.
31.3% of households rent.
The median gross rent is $1,502 a month.
Its population grew measurably since 2015–2019 (+1.6%).
Figures last updated on .
- Residents
- 55,472 (±98)
- Housing units
- 22,526 (±717)
- Households that rent
- 31.3%
- Median gross rent
- $1,502
- Residents since 2015–2019
- +1.6%
What stands out in Mount Prospect
Commuting by public transportation: 3.6% (±0.9 points) in Mount Prospect, lower than in Cook County (11.8%).
Households without a vehicle: 5.9% (±1.9 points) in Mount Prospect, lower than in Cook County (18.0%).
Median real estate taxes: $8,425 (±$207) in Mount Prospect, higher than in Cook County ($6,191).
Households that rent: 31.3% (±2.3 points) in Mount Prospect, lower than in Cook County (42.3%).
- Commute and cars in Mount Prospect
- Property taxes in Mount Prospect
- Renters and owners in Mount Prospect
Housing in Mount Prospect at a glance
- Median rent: $1,502 median gross rent a month
- Rent by bedrooms: $1,558 median gross rent, 2 bedrooms
- Rent burden: 50.7% of renters pay 30% or more of income
- Renters and owners: 31.3% of households rent
- Income and affordability: $101,720 median household income
- Home values: $397,400 median home value
- Homeowner costs: $2,619 median monthly cost with a mortgage
- Property taxes: $8,425 median real estate taxes a year
- Types of homes: 35.4% of homes are in buildings of 5 or more units
- Bedrooms: 57.9% of homes have 3 or more bedrooms
- Age of homes: 75.5% of homes were built before 1980
- Vacancy rate: 4.5% rental vacancy rate
- Heating fuel: 74.3% heat with utility gas
- Commute and cars: 25.9 minutes average trip to work
- Crime reported to police: 56 violent crimes per 100,000 residents
- Growth: +1.6% residents since 2015–2019
- How long people stay: 22.5% moved in since 2020
- Crowding and facilities: 4.5% of homes have more than 1 person per room
- Fair Market Rent: $2,040 Small Area FMR, 2 bedrooms (ZIP 60056)
Mount Prospect against Cook County, its state and the nation
| Mount Prospect | Cook County | Illinois | United States | |
|---|---|---|---|---|
| Residents | 55,472 (±98) | 5,182,090 (exact) | 12,694,798 (exact) | 334,922,499 |
| Housing units | 22,526 (±717) | 2,276,493 (±389) | 5,457,452 (±471) | 143,775,355 |
| Households that rent | 31.3% (±2.3 points) | 42.3% (±0.3 points) | 32.9% (±0.2 points) | 34.8% |
| Median gross rent | $1,502 (±$64) | $1,435 (±$7) | $1,274 (±$5) | $1,413 |
| Median household income | $101,720 (±$5,626) | $83,498 (±$630) | $83,390 (±$362) | $80,734 |
| Median home value | $397,400 (±$11,745) | $324,500 (±$1,460) | $263,300 (±$797) | $332,700 |
| Median real estate taxes (a year) | $8,425 (±$207) | $6,191 (±$30) | $5,298 (±$22) | $3,119 |
| Built before 1980 | 75.5% (±4.3 points) | 73.3% (±0.4 points) | 63.4% (±0.2 points) | 49.7% |
| Average commute | 25.9 minutes (±1.2) | 31.5 minutes (±0.2) | 27.8 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 93.9% (±1.4 points) | 90.6% (±0.2 points) | 90.8% (±0.1 points) | 91.0% |
| Median age of residents | 41.1 years (±1.3) | 38.0 years (±0.1) | 39.0 years (±0.1) | 38.9 years |
Mount Prospect covers 10.7 square miles of land, about 5,174 residents per square mile (Census Bureau Gazetteer).
How Mount Prospect has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 54,604 (±122) | 55,472 (±98) | +1.6% | Measurable increase |
| Housing units | 22,066 (±477) | 22,526 (±717) | +2.1% | Not a measurable change |
| Median gross rent | $1,132 (±$25) | $1,502 (±$64) | +32.7% | Up after inflation |
| Median home value | $330,200 (±$6,485) | $397,400 (±$11,745) | +20.4% | No measurable change after inflation |
| Median household income | $79,733 (±$4,631) | $101,720 (±$5,626) | +27.6% | No measurable change after inflation |
| Median owner cost with a mortgage | $2,198 (±$51) | $2,619 (±$79) | +19.2% | No measurable change after inflation |
| Median real estate taxes | $7,159 (±$161) | $8,425 (±$207) | +17.7% | Down after inflation |
| Households that rent | 30.6% (±1.7 points) | 31.3% (±2.3 points) | +0.7 percentage points | Not a measurable change |
| Rental vacancy rate | 4.4% (±2.3 points) | 4.5% (±2.6 points) | +0.1 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Mount Prospect
In 2025, the Mount Prospect Police Department reported 56 violent and 796 property crimes per 100,000 residents to the FBI.
Across Cook County, the departments that report recorded 294 violent and 2,162 property crimes per 100,000 residents that year.
ZIP codes in Mount Prospect
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 60056 | 95% | 55,818 | $1,505 | $397,200 | $101,922 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Mount Prospect
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Prospect Heights | 2.8 mi | $1,475 | $346,500 | 33.2% |
| Des Plaines | 2.8 mi | $1,606 | $335,600 | 21.7% |
| Elk Grove Township | 3.1 mi | $1,559 | $344,200 | 37.5% |
| Wheeling Township | 3.2 mi | $1,670 | $372,600 | 23.8% |
| Arlington Heights | 3.2 mi | $1,760 | $414,500 | 26.0% |
| Maine Township (Cook County) | 4.3 mi | $1,465 | $374,800 | 26.7% |
| Rolling Meadows | 4.6 mi | $1,607 | $326,200 | 28.2% |
| Wheeling | 4.6 mi | $1,663 | $266,200 | 37.3% |
Places in Illinois most like Mount Prospect
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Rolling Meadows | $1,607 | $326,200 | $98,514 | 28.2% |
| Maine Township (Cook County) | $1,465 | $374,800 | $98,291 | 26.7% |
| Palatine | $1,549 | $355,600 | $97,819 | 32.6% |
| Lombard | $1,948 | $335,700 | $100,362 | 29.2% |
| Arlington Heights | $1,760 | $414,500 | $116,723 | 26.0% |
| Elk Grove Township | $1,559 | $344,200 | $88,801 | 37.5% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Illinois.
HUD Fair Market Rent for Mount Prospect, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,678 | $1,780 | $2,011 | $2,586 | $2,954 |
HUD also publishes a Small Area Fair Market Rent for each ZIP code in the area; the Fair Market Rent page for this place lists its ZIP codes.
HUD income limits for Mount Prospect, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $25,550 | $42,550 | $68,050 |
| 2 people | $29,200 | $48,600 | $77,800 |
| 3 people | $32,850 | $54,700 | $87,500 |
| 4 people | $36,450 | $60,750 | $97,200 |
| 5 people | $39,400 | $65,650 | $105,000 |
| 6 people | $44,360 | $70,500 | $112,800 |
| 7 people | $50,040 | $75,350 | $120,550 |
| 8 people | $55,720 | $80,200 | $128,350 |
These are the limits HUD sets for its housing programs in the Chicago-Joliet-Naperville, IL HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $121,500.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Mount Prospect
What is the average rent in Mount Prospect, IL?
The Census Bureau publishes the median rather than the average: the median gross rent in Mount Prospect is $1,502 (±$64) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much is a one-bedroom apartment in Mount Prospect?
The median gross rent for a one-bedroom home in Mount Prospect, IL is $1,394 (±$55) a month (2020–2024 American Community Survey).
Are renters in Mount Prospect rent-burdened?
50.7% of renting households in Mount Prospect pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in Mount Prospect?
Mount Prospect has an estimated 6,761 (±576) renting households, 31.3% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Mount Prospect?
The median household income in Mount Prospect is $101,720 (±$5,626) a year (2020–2024 American Community Survey).
What is the average home value in Mount Prospect, IL?
The Census Bureau publishes the median: $397,400 (±$11,745) for owner-occupied homes in Mount Prospect (2020–2024 American Community Survey).
Is Mount Prospect growing?
In Mount Prospect, the number of residents went from 54,604 in 2015–2019 to 55,472 in 2020–2024 (+1.6%), a measurable increase.
What ZIP codes are in Mount Prospect?
The ZIP code that covers Mount Prospect is 60056.
What is the median rent in ZIP code 60056?
The median gross rent in ZIP Code Tabulation Area 60056 is $1,505 (±$65) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Mount Prospect village, Illinois
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Mount Prospect village, Illinois
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Mount Prospect village, Illinois
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Mount Prospect village, Illinois
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Mount Prospect village, Illinois
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Mount Prospect village, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Mount Prospect village, Illinois
- HUD Fair Market Rents, fiscal year 2027: Chicago-Joliet-Naperville, IL HUD Metro FMR Area
- HUD Small Area Fair Market Rents, fiscal year 2027
- HUD Income Limits, fiscal year 2026: Chicago-Joliet-Naperville, IL HUD Metro FMR Area
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- FBI Uniform Crime Reporting Program, Crime Data Explorer: Mount Prospect Police Department (ORI IL0167200)
- FBI: Uniform Crime Reporting statistics and their proper use
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Mount Prospect village, Illinois (place:51089, in state:17).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .