The median home in Mount Prospect, Illinois is valued at $415,942, up 6.5% year over year. Typical monthly rent is $1,760, producing a price-to-rent ratio of 19.7x — near the national average of 18x. Mount Prospect is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Chicago-Naperville-Elgin, IL-IN-WI stress score, crash risk, and 12-month forecast →

Home Value$415,942

+6.5%

Rent$1,760/mo

AFFORDABILITY

Enter your income for Mount Prospect.

Income (annual)

Down Payment

$83,188 on $415,942

Out of reach — 48.4% of income

Need $129,686/yr to afford.

PITI$3,026

P/I48.4%

Afford$241K

Gap-$175K

P&I $2,103Tax $773Ins $150

Renting $1,266/mo cheaper ($1,760 rent)6.50% 30yr, 20% down, county tax + IL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Illinois

Compare Mount Prospect with other housing markets across Illinois.

Kenilworth$1927K Winnetka$1731K Glencoe$1507K Bannockburn$1222K Golf$1186K Hinsdale$1182K Lake Forest$1136K South Barrington$1077K

Full Chicago-Naperville-Elgin, IL-IN-WI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Chicago-Naperville-Elgin, IL-IN-WI metro.

View Chicago-Naperville-Elgin, IL-IN-WI metro →

MOUNT PROSPECT, IL