Why Live in Downtown Mount Prospect
Downtown Mount Prospect, located around 50 minutes from Downtown Chicago, is a vibrant neighborhood centered around the Metra station, offering a variety of dining, shopping, and socializing opportunities. The area features notable eateries like Mrs. P & Me, a historic establishment with a rich past, and Emerson’s Ale House, known for its American pub fare. Residents can shop for essentials at Walmart Supercenter, Aldi, and Mariano’s, or visit the local farmer’s market from June to October for fresh produce and local goods. The neighborhood is home to highly rated schools, including Lions Park Elementary School, Lincoln Middle School, and Prospect High School, which offers Advanced Placement and dual enrollment courses. Housing options range from ranches and split-levels to Cape Cods and Colonial Revivals, with new condo developments enhancing the area. Community events such as the Bluesmobile Cruise Nights and the Fourth of July festival, organized by the Mount Prospect Lions Club, add to the neighborhood's charm. Outdoor activities are plentiful, with Meadows Park offering baseball diamonds and a public pool, and the Moehling Park butterfly garden providing a whimsical touch next to the nationally recognized Capannari Ice Cream. The neighborhood is safer than the national average, making it a desirable place for families.
Frequently Asked Questions
Is Downtown Mount Prospect a good place to live?
Downtown Mount Prospect is a good place to live. Downtown Mount Prospect is considered fairly walkable and bikeable with some transit options. Downtown Mount Prospect is a suburban neighborhood with a crime score of 2, making it safer than the average neighborhood in the U.S. Downtown Mount Prospect has 7 parks for recreational activities. It is somewhat dense in population with 10.1 people per acre and a median age of 45. The average household income is $133,923 which is above the national average. College graduates make up 59.2% of residents. A majority of residents in Downtown Mount Prospect are home owners, with 14.4% of residents renting and 85.6% of residents owning their home. A
local real estate agent serving Downtown Mount Prospect can help you decide if this neighborhood is the right one for you. Learn more on our
Downtown Mount Prospect neighborhood guide.
Is Downtown Mount Prospect, IL a safe neighborhood?
Downtown Mount Prospect, 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 Downtown Mount Prospect?
The median home price in Downtown Mount Prospect is $415,000. If you put a 20% down payment of $83,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,150 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $92K a year to afford the median home price in Downtown Mount Prospect. The average household income in Downtown Mount Prospect is $134K.
What are the best public schools in Downtown Mount Prospect?
The best public schools that serve Downtown Mount Prospect are:
What are the best private schools in Downtown Mount Prospect?
The best private schools that serve Downtown Mount Prospect are:
- St. Emily Elementary School has an A+ Niche grade, a student teacher ratio of 13:1 and an average review score of 4.7.
- The Willows Academy has an A+ Niche grade, a student teacher ratio of 9:1 and an average review score of 3.9.
- St. Raymond School has an A Niche grade, a student teacher ratio of 16:1 and an average review score of 5.0.
What are the most popular zip codes in Downtown Mount Prospect, Mount Prospect, IL?
What are the most popular neighborhoods near Downtown Mount Prospect, Mount Prospect, IL?
Are home prices dropping in Downtown Mount Prospect?
Yes, home prices in Downtown Mount Prospect are down 9% in the last 12 months.
Home Trends in Downtown Mount Prospect, IL
On average, homes in Downtown Mount Prospect, Mount Prospect sell after 94 days on the market compared to the national average of 70 days. The median sale price for homes in Downtown Mount Prospect, Mount Prospect over the last 12 months is $409,000, consistent with the median home sale price over the previous 12 months.
Median Sale Price
$409,000
Median Single Family Sale Price
$409,000
Median Townhouse Sale Price
$435,000
Median 2 Bedroom Sale Price
$319,900
Average Price Per Sq Ft
$301
Number of Homes for Sale
9
Last 12 months Home Sales
49
Median List Price
$415,000
Median Change From 1st List Price
6%
Median Home Sale Price YoY Change
0%