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Mount Prospect

Mount Prospect is a village in Elk Grove and Wheeling Townships in Cook County, Illinois, about 20 miles (32 km) northwest of downtown Chicago, and approximately 4 miles north of O'Hare International Airport. As of the 2010 census, the village had a total population of 54,167. (Source: Wikipedia)

Housing stock map

See the share of the area's total housing units that are in single family homes, condominiums, two-to-four unit buildings, buildings with five to 49 units, and buildings with 50 units or more.


The Composition of Cook County’s Housing Market >

Housing market indicators

All of these property level data sets are connected to parcel-level data files from the county Assessors offices that include data on every parcel in the Chicago metropolitan area. All of these parcel-level data sets include historical data and are updated on a regular basis ranging from every week to every year depending on the data set.

Housing Stock Composition

The composition of a neighborhood's housing stock determines the appropriate targeted strategies for stabilizing local housing markets.

Housing Units by Property Type

The composition of a neighborhood's housing stock determines the appropriate targeted strategies for stabilizing local housing markets.


Property Type 2023
Single Family 58.0%
Condominium 19.1%
Building with 2-4 Units 1.2%
Building with 5+ Units 21.7%


Property Sales Activity

This indicator provides information on how active local residential property markets are, what types of properties are being purchased, who is buying them, and how much buyers are paying for properties.

Total Sales Activity

This is the total number of property sales in a given year. In Cook County, data are broken out separately for total sales activity on single family homes, condominium units, two-to-four unit buildings, and in buildings with five or more units. Outside of Cook County, data are for all residential parcels.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
All Residential Properties 1,173 953 633 387 495 516 464 679 860 788 816 870 842 841 851 783 1,061 867 596
Single Family 739 537 390 267 333 348 297 454 580 520 570 597 555 564 586 553 759 552 400
Condominium 409 397 226 115 152 158 165 220 262 245 232 257 273 259 256 220 276 277 177
Building with 2-4 Units 6 5 4 2 3 2 1 1 7 5 4 5 3 3 2 4 9 8 2
Building with 5+ Units 19 14 13 3 7 8 1 4 11 18 10 11 11 15 7 6 17 30 17


Sales per 100 Residential Parcels

This indicator allows users to compare the level of property sales activity across geographies. This data point represents the total number of sales on all residential parcels divided by the total number of residential parcels in a given year, multiplied by 100.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
All Residential Properties 6.5 5.3 3.5 2.1 2.7 2.9 2.6 3.8 4.8 4.4 4.6 4.9 4.7 4.7 4.8 4.4 5.9 4.9 3.3


Share of Sales, Business Buyers

This represents a range of investor types from small mom-and-pop investors to large Wall Street-traded equity funds. Heightened levels of single family homes purchased by business buyers is often indicative of a distressed and low priced inventory of homes, and low demand for owner-occupied housing in a neighborhood. In Cook County, this data point is available as the share of total sales activity where the buyer was a business entity by property type (single family homes, condominium units, two-to-four unit buildings, and in buildings with five or more units). Outside of Cook County, data are for all residential parcels.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
All Residential Properties 6.1% 4.4% 5.2% 4.9% 8.1% 8.5% 8.6% 6.2% 9.2% 8.0% 6.6% 8.0% 7.1% 7.1% 6.8% 5.2% 6.5% 7.6% 8.1%
Single Family 5.1% 3.2% 2.8% 4.5% 6.3% 7.2% 6.4% 5.9% 8.6% 6.2% 5.8% 6.9% 6.1% 5.9% 5.5% 4.5% 4.9% 4.9% 5.3%
Condominium 5.9% 4.8% 5.3% 6.1% 8.6% 7.6% 12.1% 5.9% 8.8% 6.9% 5.2% 7.0% 5.9% 5.4% 7.4% 5.0% 5.4% 5.1% 6.8%
Building with 2-4 Units 33.3% 40.0% 75.0% -- -- 50.0% -- -- -- 20.0% 50.0% 20.0% -- -- -- -- 22.2% 37.5% --
Building with 5+ Units 36.8% 28.6% 53.8% -- 85.7% 75.0% 100.0% 50.0% 54.5% 72.2% 70.0% 90.9% 90.9% 86.7% 100.0% 83.3% 88.2% 73.3% 88.2%


Share of Sales, Extremely Low Value

This represents the percent of sales that were purchased for less than $20,000 in a given year. In Cook County, this data point is available as the share of total sales activity that sold for less than $20,000 by property type (single family homes, condominium units, two-to-four unit buildings, and in buildings with five or more units). Outside of Cook County, data are for all residential parcels.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
All Residential Properties 0.3% 0.3% 0.3% 0.5% 1.0% 0.2% 0.4% 0.6% 0.3% 0.3% -- 0.1% -- 0.4% 0.4% 0.1% -- 0.2% 0.2%
Single Family 0.3% 0.2% -- -- -- -- 0.7% 0.2% 0.2% 0.2% -- -- -- 0.4% 0.3% -- -- -- --
Condominium 0.2% 0.5% 0.9% 1.7% 3.3% 0.6% -- 1.4% 0.8% 0.4% -- 0.4% -- 0.4% 0.4% 0.5% -- 0.7% 0.6%


Mortgage Activity

These data measure the flow of mortgage credit into an area and indicates the level of lender investment. The level of mortgage activity in a neighborhood relative to other areas can assess how access to credit has changed over time in a community and how the flow of credit differs across geographies and for different property types.

Total Mortgage Activity

This is the total number of mortgages in a given year. In Cook County, data are broken out separately for total mortgage activity on single family homes, condominium units, two-to-four unit buildings, and in buildings with five or more units. Outside of Cook County, data are for all residential parcels.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
All Residential Properties 4,306 3,782 3,116 2,050 2,291 2,144 1,804 2,390 1,983 1,471 1,819 2,103 1,579 1,388 1,686 2,497 3,060 1,269 783
Single Family 3,360 2,825 2,450 1,689 2,031 1,918 1,621 2,074 1,637 1,188 1,531 1,755 1,295 1,105 1,393 2,174 2,593 978 609
Condominium 892 914 627 333 235 211 167 280 310 253 262 312 265 239 264 305 416 228 145
Building with 2-4 Units 22 18 13 6 15 5 6 14 13 7 6 14 4 6 4 5 17 8 7
Building with 5+ Units 32 25 26 22 10 10 10 22 23 23 20 22 15 38 25 13 34 55 22


Mortgages per 100 Residential Parcels

This indicator allows users to compare the level of mortgage activity across geographies. This data point represents the total number of mortgage liens on all residential parcels divided by the total number of residential parcels in a given year, multiplied by 100.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
All Residential Properties 23.9 21.0 17.3 11.4 12.7 11.9 10.0 13.2 11.1 8.2 10.2 11.8 8.8 7.8 9.4 14.0 17.1 7.1 4.4


Foreclosure Filing Activity

This is an indicator of distress in a local housing market and viewing changing levels of activity allows for an understanding of the evolving nature of the foreclosure crisis in a neighborhood.

Total Foreclosure Filings Activity

This is the total number of new foreclosure filings in a given year. In Cook County, data are broken out separately for foreclosure filing activity on single family homes, condominium units, two-to-four unit buildings, and in buildings with five or more units. Outside of Cook County, data are for all residential parcels.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
All Residential Properties 50 61 132 249 320 385 314 264 154 111 79 56 66 58 65 20 16 50 22
Single Family 39 40 82 171 198 225 188 176 113 73 56 38 49 43 52 13 13 36 16
Condominium 10 20 49 77 120 159 119 86 40 37 23 16 16 14 13 7 2 14 6
Building with 2-4 Units -- -- 1 1 1 -- 3 1 1 -- -- 1 -- -- -- -- -- -- --
Building with 5+ Units 1 1 -- -- 1 1 4 1 -- 1 -- 1 1 1 -- -- 1 -- --


Foreclosure Filings per 100 Residential Parcels

This indicator allows users to compare the level of foreclosure filing activity across geographies. This data point represents the total number of foreclosure filings on all residential parcels divided by the total number of residential parcels in a given year, multiplied by 100.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
All Residential Properties 0.3 0.3 0.7 1.4 1.8 2.1 1.7 1.5 0.9 0.6 0.4 0.3 0.4 0.3 0.4 0.1 0.1 0.3 0.1


Cumulative Foreclosure Filings Activity

Annual levels of foreclosure filing activity likely do not convey the impact that foreclosure has had in a particular community, as geographies vary in density and size, and the drivers behind the Great Recession foreclosure crisis led to very different annual patterns of foreclosure filing activity across the region. This indicator represents the cumulative impact of foreclosure in a neighborhood measured as the unique share of residential properties that have had at least one foreclosure filing since 2005.


Property Type 2023
All Residential Properties 11.4%


Foreclosure Auctions

These are properties that have completed the foreclosure process. Understanding foreclosure auction activity helps determine the flow of year-over-year of REO (real estate owned) properties into a market, how third-party demand at auctions differs based on property types, and the density of REO activity across geographies. The level of completed foreclosure auctions activity in a neighborhood indicates distress in a local housing market.

Total Auction Activity

This is the total number of completed foreclosure auctions in a given year. In Cook County, data are broken out separately for total auction activity on single family homes, condominium units, two-to-four unit buildings, and in buildings with five or more units. Outside of Cook County, data are for all residential parcels.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
All Residential Properties 11 8 25 53 75 112 86 158 131 85 71 45 35 28 20 9 4 13 19
Single Family 8 6 14 27 35 54 48 63 63 49 39 35 24 19 15 6 3 8 10
Condominium 3 2 11 26 40 58 38 94 68 36 31 10 11 9 5 3 1 5 9
Building with 5+ Units -- -- -- -- -- -- -- 1 -- -- 1 -- -- -- -- -- -- -- --


Share of Auctions Resulting in REO

This is the percent of completed foreclosure auctions in a given geography where there were no bidders and the property became bank-owned REO (real estate owned).


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
All Residential Properties 27.3% 62.5% 84.0% 100.0% 94.7% 95.5% 96.5% 91.8% 86.3% 92.9% 81.7% 66.7% 57.1% 71.4% 55.0% 44.4% 50.0% 69.2% 57.9%
Single Family 37.5% 50.0% 78.6% 100.0% 88.6% 90.7% 93.8% 87.3% 82.5% 95.9% 82.1% 68.6% 70.8% 78.9% 53.3% 66.7% 33.3% 62.5% 60.0%
Condominium -- 100.0% 90.9% 100.0% 100.0% 100.0% 100.0% 94.7% 89.7% 88.9% 80.6% 60.0% 27.3% 55.6% 60.0% -- 100.0% 80.0% 55.6%
Building with 5+ Units -- -- -- -- -- -- -- 100.0% -- -- 100.0% -- -- -- -- -- -- -- --


REO per 100 Residential Parcels

This indicator allows users to compare the level of REO activity across geographies. This data point represents the total number of auctions resulting in REO status on all residential parcels divided by the total number of residential parcels in a given year, multiplied by 100.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
All Residential Properties -- -- 0.1 0.3 0.4 0.6 0.5 0.8 0.6 0.4 0.3 0.2 0.1 0.1 0.1 -- -- 0.1 0.1


Population and Age

Reflects the composition of a community's population by age.

Population and Age

Reflects the composition of a community's population by age.


Indicator Value
Total Population 56,191


Population and Age

Reflects the composition of a community's population by age.


Indicator Value
Share of Population Aged 18 to 44 32.9%
Share of Population Aged 45 to 64 27.0%
Share of Population Aged over 65 18.1%
Share of Population Aged under 18 22.1%


Race and Ethnicity

The composition of a community's population by respondent race and ethnicity.

Race and Ethnicity

The composition of a community's population by respondent race and ethnicity.


Indicator Value
Share of Population that is Hispanic or Latino 15.9%


Race and Ethnicity

The composition of a community's population by respondent race and ethnicity.


Indicator Value
Share of Population that is White 64.0%


Race and Ethnicity

The composition of a community's population by respondent race and ethnicity.


Indicator Value
Share of Population that is African American 2.8%
Share of Population that is Asian 13.7%
Share of Population that is Some Other Race 3.5%


Household Income

Represents the composition of households by income in a particular geography.

Household Income

Represents the composition of households by income in a particular geography.


Indicator Value
Share of Households with Income Less than $25,000 9.5%


Household Income

Represents the composition of households by income in a particular geography.


Indicator Value
Share of Households with Income $25,000 to $50,000 13.9%
Share of Households with Income $100,000 or More 50.4%
Share of Households with Income $50,000 to $100,000 26.2%


Household Income

Represents the composition of households by income in a particular geography.


Indicator Value
Total Households 21,917


Poverty Rate

Reflects the share of the population that is below a current poverty threshold.

Share of Population that is under the Poverty Level


Indicator Value
Share of Population that is under the Poverty Level 5.0%


Resident Tenure

The composition of households by tenure indicates the share of households that rent versus the share of households that own.

Total Households

Represents the composition of households by tenure.


Indicator Value
Total Households 21,917


Share of Households that are Owner-Occupied

The composition of households by tenure indicates the share of households that rent versus the share of households that own.


Indicator Value
Share of Households that are Owner-Occupied 69.9%


Share of Households that are Renter-Occupied

The composition of households by tenure indicates the share of households that rent versus the share of households that own.


Indicator Value
Share of Households that are Renter-Occupied 30.1%


Cost Burdened Households

A household is considered to be cost-burdened when more than 30 percent of its income is spent on mortgage, rent, or other housing needs.

Share of Owner-Occupied Households that are Cost-Burdened


Indicator Value
Share of Owner-Occupied Households that are Cost-Burdened 21.1%


Share of Renter-Occupied Households that are Cost-Burdened

A household is considered to be cost-burdened when more than 30 percent of its income is spent on mortgage, rent, or other housing needs.


Indicator Value
Share of Renter-Occupied Households that are Cost-Burdened 45.5%


Share of All Households that are Cost-Burdened


Indicator Value
Share of All Households that are Cost-Burdened 28.3%