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Mount Prospect Village, Illinois Housing Analysis

   (County: Cook County)

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Housing Analysis

Everyone needs shelter in rented housing or individually owned homes. Each community, including Mount Prospect Village, Illinois, is different from the rest based on overall architecture, appearance, occupancy, average housing square footage, average home value, and average home age.





(updated 2010)



Household Type By Tenure
(Mount Prospect Village, Illinois)

Family households:

Married-couple family:

Owner-occupied housing units : 9,365

Renter-occupied housing units : 2,615

Other family:

Male householder, no wife present:

Owner-occupied housing units : 290

Renter-occupied housing units : 472

Female householder, no husband present:

Owner-occupied housing units : 1,177

Renter-occupied housing units : 361

Nonfamily households:

Owner-occupied housing units : 3,558

Renter-occupied housing units : 2,325


(updated 2013)



Mortgage Status By Age of Householder
(Mount Prospect Village, Illinois)

Housing units with a mortgage:

Householder 15 to 34 years : 1,155

Householder 35 to 44 years : 2,133

Householder 45 to 54 years : 3,328

Householder 55 to 59 years : 986

Householder 60 to 64 years : 891

Householder 65 to 74 years : 925

Householder 75 years and over : 280

Housing units without a mortgage:

Householder 15 to 34 years : 84

Householder 35 to 44 years : 243

Householder 45 to 54 years : 357

Householder 55 to 59 years : 409

Householder 60 to 64 years : 412

Householder 65 to 74 years : 1,132

Householder 75 years and over : 2,055


(updated 2013)



Gross Rent As A Percentage Of Household Income
(Mount Prospect Village, Illinois)

Less than 10.0 percent : 180

10.0 to 14.9 percent : 484

15.0 to 19.9 percent : 1,032

20.0 to 24.9 percent : 556

25.0 to 29.9 percent : 1,025

30.0 to 34.9 percent : 418

35.0 to 39.9 percent : 316

40.0 to 49.9 percent : 696

50.0 percent or more : 828

Not computed : 238


(updated 2013)



Median Value By Year Structure Built
(Mount Prospect Village, Illinois)

Built 2010 or later :

Built 2000 to 2009 : $308,300

Built 1990 to 1999 : $236,200

Built 1980 to 1989 : $302,500

Built 1970 to 1979 : $251,000

Built 1960 to 1969 : $293,500

Built 1950 to 1959 : $277,400

Built 1940 to 1949 : $318,500

Built 1939 or earlier : $288,000


(updated 2013)







Percentage of Family Households in Mount Prospect Village, Illinois: 70.7%

Percentage of Family Households in Illinois: 65.8%


(updated 2010)



Population in Group Quarters in Mount Prospect Village, Illinois

Noninstitutionalized population


  • College/University student housing : 21.49%
  • Other noninstitutional facilities : 78.51%


(updated 2010)







Building Permits in Mount Prospect Village, Illinois

* Units are useful in showing how many separate living spaces
were built. e.g. apartments, townhomes, condos, etc.

    Buildings Units Cost
1999        
  Single Family 7 7 $1,727,000
  Two Family 6 12 $1,200,000
  Three and Four Family 0 0 $0
  Five or More Family 1 50 $2,500,000
  Total

14 69 $5,427,000
2000        
  Single Family 8 8 $2,180,000
  Two Family 4 8 $800,000
  Three and Four Family 0 0 $0
  Five or More Family 0 0 $0
  Total

12 16 $2,980,000
2001        
  Single Family 8 8 $2,519,800
  Two Family 0 0 $0
  Three and Four Family 0 0 $0
  Five or More Family 1 65 $4,500,000
  Total

9 73 $7,019,800
2002        
  Single Family 43 43 $5,126,500
  Two Family 1 2 $400,000
  Three and Four Family 0 0 $0
  Five or More Family 1 70 $4,500,000
  Total

45 115 $10,026,500
2003        
  Single Family 17 17 $4,187,200
  Two Family 0 0 $0
  Three and Four Family 0 0 $0
  Five or More Family 1 70 $4,950,000
  Total

18 87 $9,137,200
2004        
  Single Family 29 29 $7,879,100
  Two Family 0 0 $0
  Three and Four Family 0 0 $0
  Five or More Family 0 0 $0
  Total

29 29 $7,879,100
2005        
  Single Family 37 37 $12,405,000
  Two Family 6 12 $1,500,000
  Three and Four Family 2 8 $1,000,000
  Five or More Family 1 52 $4,589,000
  Total

46 109 $19,494,000
2006        
  Single Family 30 30 $9,933,288
  Two Family 0 0 $0
  Three and Four Family 0 0 $0
  Five or More Family 0 0 $0
  Total

30 30 $9,933,288


(updated 2007)



Median Household Income In 2000 (Mount Prospect Village, IL): $57,165
Median Household Income In 2000 (Illinois): $46,590


(updated 2010)



Median House/Condo Value in 2000 (Mount Prospect Village): $204,700
Median House/Condo Value in 2000 (Illinois): $127,800


(updated 2010)



Median Gross Rent in 2000 (Mount Prospect Village): $786
Median Gross Rent in 2000 (Illinois): $605


(updated 2010)



Most Commonly Used Heating Fuel in Mount Prospect Village, Illinois

Utility Gas: 80.4%
Bottled, Tank, Or Lp Gas: 0.6%
Electricity: 17.8%
Fuel Oil, Kerosene, Etc.: 0.2%
Coal Or Coke: 0.0%
Wood: 0.0%
Solar Energy: 0.0%
Other Fuel: 0.4%
No Fuel Used: 0.6%


(updated 2010)





(updated 2010)





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