Home prices
The median home in Prospect Heights is valued at $284,300. This is approximately $66,560 (18%) lower in comparison to other places in this area.Compared to the entire country it is approximately $66,800 (30%) higher, and it is approximately $26,300 (10%) higher compared to the city of Chicago.
Rents
In Prospect Heights the median monthly rent is $1,099. It is roughly $394 (26%) lower in comparison to the surrounding areas.It is about $37 (3%) higher in comparison to the country as a whole, and compared to the city of Chicago it is approximately $13 (1%) lower.
Nearby places
Wheeling
Wheeling is Prospect Heights's neighbor to the north. The housing prices there are a lot less expensive. The median home in Wheeling is valued at $198,700, which works out to $85,600 (43%) lower than Prospect Heights. Rent there is a little more expensive. The median monthly rent in Wheeling is $1,265, which works out to $166 (13%) higher than Prospect Heights.
Arlington Heights
Arlington Heights is Prospect Heights's neighbor to the west. Housing prices there are a bit more expensive. The median home in Arlington Heights costs $358,300, which works out to $74,000 (20%) higher than Prospect Heights. Its rents are a bit more expensive. In Arlington Heights the median monthly rent is $1,368, which works out to $269 (19%) higher than Prospect Heights.
Mount Prospect
Mount Prospect is Prospect Heights's neighbor to the south. Housing prices there are somewhat more expensive. The median home cost in Mount Prospect is $330,200, which is $45,900 (13%) higher than Prospect Heights. The rent there is similar. Mount Prospect's median monthly rent is $1,132, which works out to $33 (2%) higher than Prospect Heights.
Northbrook
Northbrook is about 4 miles northeast from Prospect Heights. The housing prices there are a lot more expensive. The median home in Northbrook is valued at $534,800, which comes out to $250,500 (46%) higher than Prospect Heights. The rent there is a lot more expensive. The median rent in Northbrook is $2,056 per month, which is $957 (46%) higher than Prospect Heights.
Buffalo Grove
Buffalo Grove is roughly 4 miles north of Prospect Heights. Housing prices there are somewhat more expensive. The median home in Buffalo Grove is valued at $332,300, which is $48,000 (14%) higher than Prospect Heights. Rent there is significantly more expensive. The median monthly rent in Buffalo Grove is $1,643, which is $544 (33%) higher than Prospect Heights.
