Why Live in Colonial Heights
Colonial Heights in Mount Prospect, a northwestern suburb of Chicago, is a well-established neighborhood known for its long-term residents and strong community ties. The area is noted for its safety, supported by top-notch public safety services. Families benefit from access to quality schools, including Forest View Elementary and Holmes Junior High, both with solid ratings, and Rolling Meadows High School, which boasts a high graduation rate. Housing in Colonial Heights dates back to the 1960s, featuring ranch-style, split-level, and tri-level homes. Many of these homes have been renovated over the years, reflecting a mix of original and contemporary styles. Robert T. Jackson Clearwater Park, a local attraction, offers a playground, tennis courts, a walking path, and a water retention pond. The Mount Prospect Commons Shopping Center nearby includes popular dining spots like Jelly Café and Lucky Burgers, as well as Draft Picks Mount Prospect, a hub for sports fans. The neighborhood is conveniently located about a 10-minute drive from Woodfield Mall in Schaumburg, one of the largest shopping centers in the country, featuring over 230 stores and attractions like the LEGOLAND Discovery Center.
Frequently Asked Questions
Is Colonial Heights a good place to live?
Colonial Heights is a good place to live. Colonial Heights is considered somewhat walkable and bikeable with some transit options. Colonial Heights is a suburban neighborhood with a crime score of 2, making it safer than the average neighborhood in the U.S. Colonial Heights has 7 parks for recreational activities. It is fairly sparse in population with 5.3 people per acre and a median age of 48. The average household income is $127,114 which is above the national average. College graduates make up 39.9% of residents. A majority of residents in Colonial Heights are home owners, with 2.1% of residents renting and 97.9% of residents owning their home. A
local real estate agent serving Colonial Heights can help you decide if this neighborhood is the right one for you. Learn more on our
Colonial Heights neighborhood guide.
Is Colonial Heights, IL a safe neighborhood?
Colonial Heights, IL is safer than the average neighborhood in the United States. It received a crime score of 2 out of 10.
How much do you need to make to afford a house in Colonial Heights?
The median home price in Colonial Heights is $799,000. If you put a 20% down payment of $159,800 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $4,130 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $177K a year to afford the median home price in Colonial Heights. The average household income in Colonial Heights is $127K.
What are the best public schools in Colonial Heights?
The best public schools that serve Colonial Heights are:
What are the best private schools in Colonial Heights?
The best private schools that serve Colonial Heights are:
What are the most popular zip codes in Colonial Heights, Mount Prospect, IL?
What are the most popular neighborhoods near Colonial Heights, Mount Prospect, IL?
Are home prices dropping in Colonial Heights?
Yes, home prices in Colonial Heights are down 75% in the last 12 months.
Home Trends in Colonial Heights, IL
On average, homes in Colonial Heights, Mount Prospect sell after 41 days on the market compared to the national average of 70 days. The median sale price for homes in Colonial Heights, Mount Prospect over the last 12 months is $175,000, down 78% from the median home sale price over the previous 12 months.
Median Sale Price
$175,000
Median Single Family Sale Price
$799,000
Median 2 Bedroom Sale Price
$152,500
Average Price Per Sq Ft
$421
Number of Homes for Sale
2
Last 12 months Home Sales
23
Median List Price
$799,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-78%