Safe Rate Local
Learn about the people, housing, costs and businesses in Prospect Heights, Illinois
Real local data across mortgage, insurance, natural hazard, and place.
FHA, VA, Conventional & Jumbo · Purchase & Refi rates in Prospect Heights.
True all-in cost — P&I, taxes, insurance & utilities for homes in Prospect Heights.
Find and compare lenders active near Prospect Heights.
FEMA flood zones and flood insurance estimates for Prospect Heights.
Seismic risk and earthquake insurance estimates for Prospect Heights.
Wildfire exposure and insurance estimates for Prospect Heights.
As of today, the 30-year fixed mortgage rate for Prospect Heights is approximately 7.060% (7.070% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.
View current rates for Prospect HeightsThe median home value in Prospect Heights is $320k. The median monthly rent is $1,554. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.
Home values in Prospect Heights have increased 16.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.
Based on a typical all-in ownership cost of $1,623/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $70k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Prospect Heights is $98k/year.
Calculate your buying powerThe largest employment sectors in Prospect Heights are public administration (20%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.