What percentage of people rent in Mount Prospect, IL?

Name: Renters and owners in Mount Prospect, IL, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

31.3% (±2.3 points) of the occupied homes in Mount Prospect, IL are rented (2020–2024 American Community Survey).

That is 6,761 renting households against 14,839 that own their home.

In Mount Prospect, the share of households that rent went from 30.6% in 2015–2019 to 31.3% in 2020–2024 (+0.7 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 31.3% (±2.3 points)
Renting households: 6,761 (±576)
Median renter income: $56,958 (±$5,578)

Who rents and who owns in Mount Prospect

Tenure, estimate (90% margin of error)
	Mount Prospect	Cook County	Illinois	United States
Renter-occupied share	31.3% (±2.3 points)	42.3% (±0.3 points)	32.9% (±0.2 points)	34.8%
Renting households	6,761 (±576)	887,660 (±6,720)	1,657,539 (±10,322)	45,017,354
Owning households	14,839 (±648)	1,212,570 (±7,287)	3,378,910 (±14,728)	84,210,142
Average renter household size	2.3 (±0.2)	2.1 (±0.0)	2.2 (±0.0)	2.3
Average owner household size	2.7 (±0.1)	2.6 (±0.0)	2.6 (±0.0)	2.6
Median renter household income	$56,958 (±$5,578)	$55,388 (±$886)	$50,420 (±$471)	$52,966
Median owner household income	$130,973 (±$6,018)	$108,804 (±$833)	$103,505 (±$377)	$100,009

In Mount Prospect, the renter share is lower than in Cook County (42.3%).

It is not measurably different from Illinois (32.9%).

It is lower than the national figure (34.8%).

In Cook County, Mount Prospect ranks 56 of 148 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 456 of 2,751.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Mount Prospect has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	30.6% (±1.7 points)	31.3% (±2.3 points)	+0.7 percentage points	Not a measurable change
Median gross rent	$1,132 (±$25)	$1,502 (±$64)	+32.7%	Up after inflation
Median household income	$79,733 (±$4,631)	$101,720 (±$5,626)	+27.6%	No measurable change after inflation

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.

Households that rent in places near Mount Prospect

Nearest places with a published estimate, compared with Mount Prospect
Place	Distance	Households that rent	Compared with this place
Mount Prospect	—	31.3% (±2.3 points)	—
Prospect Heights	2.8 mi	33.2% (±5.8 points)	Not measurably different
Des Plaines	2.8 mi	21.7% (±2.1 points)	Lower
Elk Grove Township	3.1 mi	37.5% (±2.1 points)	Higher
Wheeling Township	3.2 mi	23.8% (±1.5 points)	Lower
Arlington Heights	3.2 mi	26.0% (±2.0 points)	Lower
Maine Township (Cook County)	4.3 mi	26.7% (±1.6 points)	Lower
Rolling Meadows	4.6 mi	28.2% (±4.1 points)	Not measurably different
Wheeling	4.6 mi	37.3% (±3.4 points)	Higher

Nearby places with a measurably lower figure: Des Plaines, IL (21.7%), Wheeling Township, IL (23.8%), Arlington Heights, IL (26.0%).

Nearby places with a measurably higher figure: Elk Grove Township, IL (37.5%), Wheeling, IL (37.3%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Cook County, place by place

Rank	Place	Households that rent
50	McCook	33.3% (±19.5 points)
51	Prospect Heights	33.2% (±5.8 points)
52	Posen	32.9% (±9.8 points)
53	North Riverside	32.7% (±7.9 points)
54	Palatine	32.6% (±2.2 points)
55	Palatine Township	31.5% (±1.6 points)
56	Mount Prospect	31.3% (±2.3 points)
57 (tie)	Proviso Township	30.7% (±1.5 points)
57 (tie)	Schaumburg Township	30.7% (±1.8 points)
59	Northlake	29.4% (±5.1 points)
60	Hickory Hills	28.9% (±4.3 points)
61	Rolling Meadows	28.2% (±4.1 points)
62	Lansing	28.1% (±4.0 points)

Showing 13 of 148 places in Cook County, ranked from highest to lowest.

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

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).

Is renting growing in Mount Prospect?

In Mount Prospect, the share of households that rent went from 30.6% in 2015–2019 to 31.3% in 2020–2024 (+0.7 percentage points), not a measurable change.

How big are renting households in Mount Prospect?

A renting household in Mount Prospect has 2.3 people on average, against 2.7 in an owned home.

How much do renters earn in Mount Prospect?

The median renting household in Mount Prospect, IL has an income of $56,958 (±$5,578) a year, against $130,973 for households that own their home.

Sources

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) and detailed tables (acs/acs5) 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 DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

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.