Welcome to our 60056 real estate data hub, tailored for investors in Mount Prospect, IL. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 60056 in Mount Prospect, IL. Discover Section 8 housing opportunities and challenges to maximize your investment potential in COOK COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Mount Prospect, IL real estate investing. Uncover the wealth of information available, and position yourself for success in the Mount Prospect property market.
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Location Overview
- Zip Code: 60056
- City: Mount Prospect
- State: IL
- Metro Area: Chicago-Naperville-Elgin, IL-IN-WI
- County Name: COOK COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $349,333
- Average Home Price (Single Family Homes): $377,244
- Average Monthly Rental Price (All Types): $1,727
- Price-to-Rent Ratio: 17
- Zillow Projected % appreciation from 4/2023-4/2024: -1.8%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,540
- Average 3 Bedroom Section 8 Rental Rates: $1,950
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 18.9
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 14.93
- Number of Units Offered in Section 8 in the County: 43099
- Number of Occupied Units in Section 8 in the County: 40727
- Percentage of Section 8 Units Occupied in the County: 94.5%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 135.19
- Total % Appreciation since 2000 (Government Data): 61.37
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 1.51%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 1.25%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 16.61%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 13.78%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 44.18%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): -0.74%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 23.68%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 4.78%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 17.99%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 38.41%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 50.2%