HomeIllinoisCook CountyProspect Heights
Prospect Heights, Illinois: commercial real estate data.
Prospect Heights is a Census city of 15,618 people across 4.21 square miles of land, in Cook County. Median household income is $85,008, 66.8 percent of occupied homes are owned, and the SBA record carries 24 7(a) approvals to borrowers here worth $5.5 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Prospect Heights
What Prospect Heights is
- Census place typecity
- Land area4.21 sq mi
- Water area0.03 sq mi
- Population per square mile of land3,712
- 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.
Prospect Heights
How many people live in Prospect Heights
- Population15,618
- Median age42.8
- Population under 182,608
- Share under 1816.7 percent
- Population 65 and over3,051
- Share 65 and over19.5 percent
- Households6,679
- Family households4,257
- Share of households that are families63.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Prospect Heights
Income and work in Prospect Heights
- Median household income$85,008
- Per capita income$48,072
- Civilian labor force9,389
- Employed9,061
- Unemployed328 plus or minus 138
- Unemployment rate3.5 percent plus or minus 1.5
- Adults 25 and over12,005
- Adults 25 and over with a high school diploma or higher82.9 percent
- Adults 25 and over with a bachelor degree or higher41.3 percent
- Adults 25 and over with a graduate degree12.7 percent plus or minus 2.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Prospect Heights
Housing in Prospect Heights
- Housing units6,915
- Occupied units6,679
- Vacant units236 plus or minus 179
- Vacancy rate3.4 percent plus or minus 2.6
- Owner occupied4,459
- Renter occupied2,220
- Ownership rate66.8 percent
- Median owner-occupied home value$346,500
- Median gross rent, monthly$1,475
- Annual rent as a share of median income20.8 percent
- Single family units3,305
- Share single family47.8 percent
- Units in buildings of two or more3,610
- Share in buildings of two or more52.2 percent
- Mobile homes0
- Median year structure built1976
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Prospect Heights
How Prospect Heights gets to work
- Workers 16 and over who commute7,334
- Commuting under 15 minutes1,748 plus or minus 402
- Share commuting under 15 minutes23.8 percent plus or minus 5.1
- Commuting 30 minutes or more2,630
- Share commuting 30 minutes or more35.9 percent
- Drove alone66.8 percent
- Carpooled11.2 percent plus or minus 4.3
- Public transport1.4 percent plus or minus 0.7
- Walked0.0 percent
- Worked from home18.6 percent plus or minus 6.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Prospect Heights
SBA loans in Prospect Heights (7(a))
- Approvals24
- Gross approval$5,535,900
- Average approval$230,663
- Median approval$125,000
- Ninetieth percentile approval$636,500
- Largest approval$914,400
- Jobs supported143
- Jobs per approval6.0
- Loans with a final outcome4
- Paid in full4
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more12.5 percent
- Share to franchises0.0 percent
- Distinct lenders9
- Distinct industries by NAICS15
Counted by borrower city: approvals to borrowers whose address is in Prospect Heights, in any county, FY2020 to FY2026. Only 4 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.
Prospect Heights
SBA loans in Prospect Heights (504)
- Approvals1
- Gross approval$742,000
- Average approval$742,000
- Median approval$742,000
- Largest approval$742,000
- Jobs supported12
- Loans with a final outcome0
- Charged off0
- Median term240 months
- Distinct CDCs1
Counted by borrower city: approvals to borrowers whose address is in Prospect Heights, in any county, FY2010 to FY2026. Only 0 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.
Prospect Heights
Flood risk in Prospect Heights
- NFIP communityCity of Prospect Heights
- NFIP community number170919
- Participating in the NFIPYes
- Community Rating System classClass 6
- Currently effective map date08/19/08
The City of Prospect Heights participates in the National Flood Insurance Program as community 170919 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 Prospect Heights
Cook County context, not Prospect Heights 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 Prospect Heights.
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
Prospect Heights questions, answered from the record.
How many people live in Prospect Heights, Illinois?
15,618, in 6,679 households. Prospect Heights city covers 4.21 square miles of land, which is 3,712 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Prospect Heights 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 Prospect Heights?
$85,008. The median owner-occupied home is valued at $346,500. Median gross rent is $1,475 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Prospect Heights businesses?
24 7(a) approvals totaling $5.5 m since FY2020, across 9 lenders, median approval $125,000, plus 1 504 approvals worth $742,000 since FY2010. These count approvals to borrowers whose address is in Prospect Heights, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Prospect Heights borrowers get paid back?
No rate is published for Prospect Heights. Only 4 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 Prospect Heights in the National Flood Insurance Program?
Yes. Prospect Heights appears in the FEMA Community Status Book as Prospect Heights, city of, community 170919, 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 Prospect Heights 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 Prospect Heights.
Is zoning published for Prospect Heights?
No. Nothing on this page presents parcel level zoning.