HomeIllinoisCook CountyMount Prospect
Mount Prospect, Illinois: commercial real estate data.
Mount Prospect is a Census village of 55,472 people across 10.72 square miles of land, in Cook County. Median household income is $101,720, 68.7 percent of occupied homes are owned, and the SBA record carries 102 7(a) approvals to borrowers here worth $36.9 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Mount Prospect
What Mount Prospect is
- Census place typevillage
- Land area10.72 sq mi
- Water area0.04 sq mi
- Population per square mile of land5,174
- County holding the largest share of its areaCook County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Mount Prospect
How many people live in Mount Prospect
- Population55,472
- Median age41.1
- Population under 1812,705
- Share under 1822.9 percent
- Population 65 and over10,371
- Share 65 and over18.7 percent
- Households21,600
- Family households14,234
- Share of households that are families65.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Mount Prospect
Income and work in Mount Prospect
- Median household income$101,720
- Per capita income$48,661
- Civilian labor force29,214
- Employed28,092
- Unemployed1,122 plus or minus 313
- Unemployment rate3.8 percent plus or minus 1.1
- Adults 25 and over39,519
- Adults 25 and over with a high school diploma or higher91.5 percent
- Adults 25 and over with a bachelor degree or higher48.6 percent
- Adults 25 and over with a graduate degree17.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Mount Prospect
Housing in Mount Prospect
- Housing units22,526
- Occupied units21,600
- Vacant units926 plus or minus 279
- Vacancy rate4.1 percent plus or minus 1.2
- Owner occupied14,839
- Renter occupied6,761
- Ownership rate68.7 percent
- Median owner-occupied home value$397,400
- Median gross rent, monthly$1,502
- Annual rent as a share of median income17.7 percent
- Single family units13,575
- Share single family60.3 percent
- Units in buildings of two or more8,871
- Share in buildings of two or more39.4 percent
- Mobile homes24 plus or minus 30
- Median year structure built1969
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Mount Prospect
How Mount Prospect gets to work
- Workers 16 and over who commute22,144
- Commuting under 15 minutes5,240
- Share commuting under 15 minutes23.7 percent
- Commuting 30 minutes or more8,683
- Share commuting 30 minutes or more39.2 percent
- Drove alone68.1 percent
- Carpooled7.1 percent plus or minus 1.5
- Public transport3.6 percent plus or minus 0.9
- Walked1.1 percent plus or minus 0.6
- Worked from home19.2 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Mount Prospect
SBA loans in Mount Prospect (7(a))
- Approvals102
- Gross approval$36,869,900
- Average approval$361,470
- Median approval$100,000
- Ninetieth percentile approval$1,154,350
- Largest approval$5,000,000
- Jobs supported1,162
- Jobs per approval11.4
- Loans with a final outcome14
- Paid in full13
- Charged off1
- Median term120 months
- Share on real estate terms of 20 years or more9.8 percent
- Share to franchises7.8 percent
- Distinct lenders27
- Distinct industries by NAICS52
Counted by borrower city: approvals to borrowers whose address is in Mount Prospect, in any county, FY2020 to FY2026. Only 14 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Mount Prospect
SBA loans in Mount Prospect (504)
- Approvals22
- Gross approval$17,501,000
- Average approval$795,500
- Median approval$654,500
- Largest approval$2,420,000
- Jobs supported228
- Loans with a final outcome6
- Charged off1
- Median term240 months
- Distinct CDCs3
Counted by borrower city: approvals to borrowers whose address is in Mount Prospect, in any county, FY2010 to FY2026. Only 6 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Mount Prospect
Flood risk in Mount Prospect
- NFIP communityVillage of Mount Prospect
- NFIP community number170129
- Participating in the NFIPYes
- Community Rating System classClass 6
- Currently effective map date08/19/08
The Village of Mount Prospect participates in the National Flood Insurance Program as community 170129 and carries Community Rating System class 6, a flood insurance premium discount for policies written there.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Cook County, not Mount Prospect
Cook County context, not Mount Prospect figures
- Establishments in Cook County134,513
- Covered employment, Cook County2,565,567
- Average annual pay, Cook County$86,931
- Housing units permitted, Cook County6,507
Every figure in this section is published for Cook County as a whole and is not a measurement of Mount Prospect.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Mount Prospect questions, answered from the record.
How many people live in Mount Prospect, Illinois?
55,472, in 21,600 households. Mount Prospect village covers 10.72 square miles of land, which is 5,174 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Mount Prospect in?
Cook County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Mount Prospect?
$101,720. The median owner-occupied home is valued at $397,400. Median gross rent is $1,502 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Mount Prospect businesses?
102 7(a) approvals totaling $36.9 m since FY2020, across 27 lenders, median approval $100,000, plus 22 504 approvals worth $17.5 m since FY2010. These count approvals to borrowers whose address is in Mount Prospect, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Mount Prospect borrowers get paid back?
No rate is published for Mount Prospect. Only 14 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Mount Prospect in the National Flood Insurance Program?
Yes. Mount Prospect appears in the FEMA Community Status Book as Mount Prospect, village of, community 170129, carrying Community Rating System class 6, which is a premium discount for exceeding the program minimum. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Mount Prospect figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Cook County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Mount Prospect.
Is zoning published for Mount Prospect?
No. Nothing on this page presents parcel level zoning.