Prospect Heights, Illinois.
Typical home $330,260 (+7.1% in a year), asking rent $1,712 . Chicago-Naperville-Elgin, IL-IN-WI metro.
to buy the typical home at today's mortgage rate — +$952 (+122%) since Jan 2020.
- 1 year
- Up $21,791 +7%
- $308,468$330,260 since Sep 2025
- 5 years
- Up $93,023 +39%
- $237,237$330,260 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Prospect Heights$1,733
- Illinois$1,553
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 10 years.
Typical home values in Prospect Heights, IL rose 7.1% over the past year — faster than the nation's +1.2%.
Living in Prospect Heights, Cook County, Illinois
Prospect Heights is a city of 16,058 people in Cook County. Half its households earn more than $85,008 a year and half less, against $83,498 across Cook County; 7% of its people live below the poverty line. 67% of its homes are lived in by their owners and 33% are rented. Unemployment in Cook County was 5.9% in August 2026, and the county had 1.1% more jobs in 2025 than the year before. The most residents work in manufacturing, then schools and health care.
Written by AI Claude Sonnet 5.5 wrote this on 24 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Prospect Heights is a city in Cook County, in the northwest suburbs of Chicago. It is home to more people in their later years than younger ones, with a median age a bit older than you would find in many towns. Most homes are lived in by their owners, and household incomes run a little above the county's, with fewer residents living below the poverty line than you might expect in a place this close to a big city. Winters are cold, with January the coldest month, and summers turn warm in July, with a steady year-round mix of rain and melted snow.
Work. Residents work mainly in manufacturing, in schools, hospitals and social care, in professional and business services, and in shops. Among the largest workplaces in Prospect Heights are Costco Wholesale, the local school district and the packaging maker Plitek. Commutes are moderate, and a good number of residents work from home.
Things to do. The Chicago Botanic Garden is a botanical garden a short drive away. In the city itself, a longer drive away, you can visit the Art Institute of Chicago, one of the best known museums in the country, or walk through Millennium Park, a public garden on the lakefront. Wrigley Field, a ballpark, is another well-known stop for baseball fans.
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- 6,679households
- 41%of adults have a degree
- 7%below the poverty line
- 26 mintypical commute
- 19%work from home
What residents work in
Employed residents by industry, from the Census survey. Cook County had 2,594,810 jobs in 2025, 1.1% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 32° and lows near 18°; warmest in July, with highs near 84° and lows near 66°. About 32 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Chicago Palwaukee Airport weather station, 2 miles away (NOAA).
Largest workplaces in Prospect Heights
- Costco WholesaleWholesale grocer275
- Prospect Heights SD 23School district219FTE
- PlitekFilm, plastics, packaging, manufacturing85
- Sunrise Senior Living, LLC.Nursing care facilities80
- Hilton Chicago/NorthbrookHotels, resort, without casinos77
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 4 workplaces with 20 or more staff, 517 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesVery high
- Inland floodingVery high
- Heat wavesRelatively high
- TornadoesRelatively high
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Prospect Heights’ census tracts, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Cook County and the Chicago-Naperville-Elgin, IL-IN-WI metro.
Prospect Heights home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Prospect Heights$330,260
- Illinois$295,943
- United States$366,157
Sellers are cutting prices on about 1 in 5 Prospect Heights listings, and the typical home goes pending in 11 days — the market is heating up.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Prospect Heights22.21%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Prospect Heights11
- United States21
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Prospect Heights37
New listings per month
Sellers arriving at the market.
- Prospect Heights15
Median sale price
What buyers actually paid — closed sales, not asking prices.
Not enough data to draw this yet.
Zip codes with a Prospect Heights address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Prospect Heights — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.