Mount Prospect, IL is a great place to consider when looking for housing. The median value of a home in the area is $337,700 which is only slightly lower than the national median value of $338,100. Over the last year, homes in Mount Prospect have appreciated by 8.83%, slightly higher than the national average appreciation rate of 8.27%. This shows that Mount Prospect is a desirable living location and continues to be a sound investment for those looking for housing.
The median home cost in Mount Prospect is $337,700. Home appreciation the last 10 years has been 54.6%. Home Appreciation in Mount Prospect is up 14.5%.
Average Age of Homes
- The median age of Mount Prospect real estate is 49 years old
The Rental Market in Mount Prospect
- Renters make up 26.8% of the Mount Prospect population
- 1.7% of houses and apartments in Mount Prospect, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.