Prospect Heights, IL Real Estate
According to census data in the year 2000 there were 6,622 housing units in Prospect Heights.
This represents a 5.6% growth from 6,270 in 1990.
Of those housing units, 6,622 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Prospect Heights is about 73%.
Prospect Heights's vacancy rate, including seasonal lodging, is about 2.9%.
Average household size is 2.73 people.
The majority of houses, apartments or condos in Prospect Heights were built after 1973.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 5% |
| One Bedroom | 21.70% |
| Two Bedrooms | 29.60% |
| Three Bedrooms | 30.10% |
| Four Bedrooms | 11.50% |
| Five Bedrooms or more | 2.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.61 |
| Median year structure was built | 1971 |
| Median Value of occupied units | $243,300 |
| Median Price asked for vacant units | $235,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.06 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $876 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5% |
| Home Equity Loan | 13% |
| Simple Mortgage | 53.60% |
| Debt Free | 28.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.4% |
