Home prices
Mount Prospect's median home cost is $330,200. This is about $62,360 (23%) higher in comparison to the surrounding areas.It is roughly $112,700 (51%) higher compared to the country as a whole, and compared to the city of Chicago it is approximately $72,200 (27%) higher.
Rents
The median monthly rent in Mount Prospect is $1,132. Compared to nearby areas this is about $119 (9%) lower.It is roughly $70 (6%) higher compared to the United States as a whole, and it is about $20 (1%) higher in comparison to the city of Chicago.
Nearby places
Des Plaines
Des Plaines is Mount Prospect's neighbor to the southeast. Its housing prices are somewhat less expensive. The median home in Des Plaines costs $256,700, which comes out to $73,500 (28%) lower than Mount Prospect. Its rents are pretty similar. Des Plaines's median rent is $1,144 a month, which works out to $12 (1%) higher than Mount Prospect.
Prospect Heights
Prospect Heights is Mount Prospect's neighbor to the north. The housing prices there are somewhat less expensive. The median home in Prospect Heights costs $284,300, which comes out to $45,900 (16%) lower than Mount Prospect. Rents there are similar. The median rent in Prospect Heights is $1,099 a month, which works out to $33 (3%) lower than Mount Prospect.
Arlington Heights
Arlington Heights is Mount Prospect's neighbor to the northwest. The real estate prices there are a bit more expensive. Arlington Heights's median home value is $358,300, which is $28,100 (7%) higher than Mount Prospect. Its rents are somewhat more expensive. Arlington Heights's median rent is $1,368 per month, which works out to $236 (17%) higher than Mount Prospect.
Rolling Meadows
Rolling Meadows is approximately 3 miles west of Mount Prospect. Housing prices there are substantially less expensive. The cost of the median home in Rolling Meadows is $241,200, which is $89,000 (36%) lower than Mount Prospect. Rent there is a little more expensive. Rolling Meadows's median rent is $1,378 per month, which comes out to $246 (17%) higher than Mount Prospect.
Wheeling
Wheeling is about 4 miles north from Mount Prospect. Its housing prices are substantially less expensive. The price of the median home in Wheeling is $198,700, which comes out to $131,500 (66%) lower than Mount Prospect. Its rents are somewhat more expensive. Wheeling's median rent is $1,265 per month, which comes out to $133 (10%) higher than Mount Prospect.
