HomeIllinoisCook CountyMount Prospect village
Mount Prospect village, Illinois: commercial real estate data.
Mount Prospect village 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.
82 sourced place values · tier FULL · 9 sections
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 7(a) lending to Mount Prospect borrowers
- Approvals102
- Gross approval$36,869,900
- Average approval$361,470
- Median approval$100,000
- Ninetieth percentile approval$1,171,500
- Largest approval$5,000,000
- Jobs supported1,162
- Jobs per approval11.4
- Loans with a final outcome14
- Paid in full13
- Charged off1
- Charge-off rate over resolved loans7.1 percent
- 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
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Mount Prospect
SBA 504 lending to Mount Prospect borrowers
- Approvals22
- Gross approval$17,501,000
- Average approval$795,500
- Median approval$667,000
- Largest approval$2,420,000
- Jobs supported228
- Loans with a final outcome6
- Charged off1
- Median term240 months
- Distinct CDCs3
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Mount Prospect
Flood programme status in Mount Prospect
- Listed NFIP communities1
- Of those, participating1
- Best Community Rating System classClass 6
- NFIP community number170129
- Currently effective map date08/19/08
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Cook County, not Mount Prospect
Cook County context, not Mount Prospect figures
These are Cook County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Mount Prospect measurements.
- Establishments in Cook County134,513
- Employment at those establishments, Cook County2,492,328
- Covered employment, Cook County2,565,567
- Average annual pay, Cook County$86,931
- Average weekly wage, Cook County$1,672
- Housing units permitted, Cook County6,507
- Of those, single family, Cook County1,142
- County product, 2024, Cook County$546,440,623,000
- County product change over the prior year, Cook County4.6 percent
- Average income of an arriving household, Cook County$91,691
Every figure in this section is published for Cook County as a whole and is not a measurement of Mount Prospect. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
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. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
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 totalling $36.9 m, across 27 lenders, median approval $100,000, plus 22 504 approvals worth $17.5 m. 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?
Of the 14 loans that have reached a final outcome, 13 were paid in full and 1 charged off, a charge off rate of 7.1 percent. Loans still running are excluded because they have not yet succeeded or failed.
Is Mount Prospect in the National Flood Insurance Program?
Yes. Mount Prospect appears in the FEMA Community Status Book as community 170129, carrying Community Rating System class 6, which is a premium discount for exceeding the programme 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 labelled 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.