Mount Prospect village
Illinois
If you're seeking a welcoming community with a strong sense of place, Mount Prospect is worth a closer look. This village, home to over 56,000 residents, offers a compelling lifestyle that balances suburban tranquility with convenient access to the wider Chicago area. While the national median home value hovers around $350,000, here you'll find a median home value of $367,900, offering a relatively affordable entry point to the market. This, combined with a median household income of $100,526—significantly higher than the national average of $75,000—underscores the area's economic stability and desirability. The overall vibe is decidedly family-friendly, with well-maintained parks, top-rated schools, and a calendar packed with community events.
From an investment perspective, Mount Prospect presents a stable and promising environment. The housing market is robust, with steady appreciation driven by consistent demand. The area's strong economic foundation, reflected in the higher-than-average median income, supports a healthy job market, fostering a sense of security and stability. While specific unemployment data isn't readily available, the overall economic health of the community suggests a favorable employment landscape. Mount Prospect is an ideal choice for families seeking a safe, friendly environment, as well as for professionals looking for a well-located suburban community with a strong sense of community and good value for their money.
Mount Prospect village, Illinois at a Glance
Mount Prospect village is a city in Illinois with a population of approximately 56,191. The median home value is $367,900 and the median household income is $100,526. It has a Walk Score of 0 out of 100, indicating car dependency. The violent crime rate is 1.2 per 1,000 residents, which is 67% below the national average. Air quality is rated Good. The overall climate risk is rated as "Relatively Moderate." Median rent is $1,354 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.
Median Home Value
$367,900
Median Income
$100,526
Population
56,191
Walk Score
0
Air Quality
AQI 43
Good
Climate Risk
Relatively Moderate
Good
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- Population
- 56,191
- Median Age
- N/A
- Median Household Income
- $100,526
35% above nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- 5.0%
60% below nat'l avg
- Median Home Value
- $367,900
31% above nat'l avg
- Median Rent
- $1,354
16% above nat'l avg
- Homeownership Rate
- 90.0%
37% above nat'l avg
- Affordability Index
- 218
118% above nat'l avg
- Violent Crime Rate
- 1.2 per 1K
67% below nat'l avg
- Property Crime Rate
- 3.7 per 1K
81% below nat'l avg
- AQI
- 43
Near nat'l avg
- Category
- Good
- Overall Risk
- Relatively Moderate
- Risk Score
- 73.10
Top Hazards
- Overall
- Quiet
- Road Traffic
- N/A
- Aviation
- N/A
- Rail
- N/A
- Electricity Rate
- 9.1¢/kWh
45% below nat'l avg
- Est. Monthly Electric
- $82
40% below nat'l avg
- Unemployment Rate
- 3.5%
5% below nat'l avg
- Poverty Rate
- 5.0%
60% below nat'l avg
Weather & Climate in Mount Prospect village
Avg High
63°F
Avg Low
45°F
Annual Rainfall
37.7"
Avg Humidity
69%
Political Landscape
→ Politically stable
Based on McLean County county-level presidential election data
Culture & Things to Do in Mount Prospect village
Mount Prospect Lions Club Summerfest
Annual festival with carnival rides, food, and live music.
Mount Prospect Farmers Market
Weekly market offering fresh produce, baked goods, and crafts.
Oktoberfest
Annual celebration of German culture with beer, food, and music.
Holiday Tree Lighting Ceremony
Annual community event to kick off the holiday season.
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