Mt. Prospect, IL Real Estate
According to census data in the year 2000 there were 22,081 housing units in Mt. Prospect.
This represents a 5.4% growth from 20,949 in 1990.
Of those housing units, 22,081 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Mt. Prospect is about 71.3%.
Mt. Prospect's vacancy rate, including seasonal lodging, is about 1.6%.
Average household size is 2.61 people.
The majority of houses, apartments or condos in Mt. Prospect were built after 1968.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3% |
| One Bedroom | 14.90% |
| Two Bedrooms | 24.70% |
| Three Bedrooms | 39.20% |
| Four Bedrooms | 16.50% |
| Five Bedrooms or more | 1.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.69 |
| Median year structure was built | 1965 |
| Median Value of occupied units | $217,700 |
| Median Price asked for vacant units | $200,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.4 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $873 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 5.10% |
| Home Equity Loan | 9.30% |
| Simple Mortgage | 49.50% |
| Debt Free | 35.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.1% |
