Why Live in Mount Prospect
Mount Prospect, incorporated in 1917, offers a small-town feel with a close-knit community atmosphere. The neighborhood is characterized by residential streets shaded by mature oaks and maples, well-maintained sidewalks, and homes on quarter-acre lots. The housing market features brick ranch-style homes, Cape Cods, and split levels, typically under 2,000 square feet. Townhouses and larger homes with recent renovations are also available. The area is served by highly rated schools, including Lions Park Elementary School, Lincoln Middle School, and Prospect High School, all of which have strong academic reputations.
Residents enjoy proximity to various parks, such as Sunrise Park with soccer fields, Sunset Park with tennis courts, and Robert T Jackson Clearwater Park with a scenic walking trail. The Mt. Prospect Golf Club, featuring an 18-hole course and a restaurant, is a local favorite. Culinary options are abundant along Highway 14, with restaurants like Trezeros Kitchen + Tap and Cuisine of India MP offering diverse menus. Grocery stores such as Mariano’s, Meijer, and Walmart are conveniently located along Golf Road.
Mount Prospect hosts community events like Fridays on the Green and the Mount Prospect Celebration of Cultures, fostering a vibrant local culture. The neighborhood is safer than the national average, with a crime and safety score lower than the U.S. average. Commuters benefit from the Metra Yellow Line and Interstate 90, providing access to downtown Chicago, 23 miles away.
Frequently Asked Questions
Is Mount Prospect a good place to live?
Mount Prospect is a good place to live. Mount Prospect is considered car-dependent and bikeable with minimal transit options. Mount Prospect is a suburban neighborhood with a crime score of 2, making it safer than the average neighborhood in the U.S. Mount Prospect has 8 parks for recreational activities. It is somewhat dense in population with 6.5 people per acre and a median age of 45. The average household income is $156,893 which is above the national average. College graduates make up 61.6% of residents. A majority of residents in Mount Prospect are home owners, with 8.3% of residents renting and 91.7% of residents owning their home. A
local real estate agent serving Mount Prospect can help you decide if this neighborhood is the right one for you. Learn more on our
Mount Prospect neighborhood guide.
Is Mount Prospect, IL a safe neighborhood?
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 Mount Prospect?
The median home price in Mount Prospect is $430,000. If you put a 20% down payment of $86,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,230 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $96K a year to afford the median home price in Mount Prospect. The average household income in Mount Prospect is $157K.
What are the best public schools in Mount Prospect?
The best public schools that serve Mount Prospect are:
What are the best private schools in Mount Prospect?
The best private schools that serve 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 Mount Prospect, Mount Prospect, IL?
What are the most popular neighborhoods near Mount Prospect, Mount Prospect, IL?
Are home prices dropping in Mount Prospect?
Yes, home prices in Mount Prospect are down 25% in the last 12 months.
Home Trends in Mount Prospect, IL
On average, homes in Mount Prospect, IL sell after 39 days on the market compared to the national average of 70 days. The median sale price for homes in Mount Prospect, IL over the last 12 months is $350,000, up 23% from the median home sale price over the previous 12 months.
Median Sale Price
$350,000
Median Single Family Sale Price
$417,000
Median Townhouse Sale Price
$821,500
Median 1 Bedroom Sale Price
$167,500
Average Price Per Sq Ft
$252
Number of Homes for Sale
5
Last 12 months Home Sales
57
Median List Price
$430,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
23%