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Prospect Heights School District 23

Learn about the people, housing, costs and businesses in Prospect Heights School District 23, Illinois

Median Home$373,292
Median Rent$1,499/month
Population17,462
Leading IndustriesRetail · Transportation · Education20% retail
Home Value Growth⬆⬆+16.3% over 2 years
Retirees24% of residentsabove average nationally
Homeowners80% of occupied units
NotableHighly Educated28% bachelor's · 15% graduate · top 7% nationally
NotableHigh Incomes$106k/year · top 30% nationally
Prospect Heights School District 23
IL

Explore Prospect Heights School District 23

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Prospect Heights School District 23?

As of today, the 30-year fixed mortgage rate for Prospect Heights School District 23 is approximately 6.947% (6.955% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Prospect Heights School District 23?

The median home value in Prospect Heights School District 23 is $373k. The median monthly rent is $1,499. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Prospect Heights School District 23?

Home values in Prospect Heights School District 23 have increased 16.3% 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.

How much income do you need to buy a home in Prospect Heights School District 23?

Based on a typical all-in ownership cost of $1,579/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $68k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Prospect Heights School District 23 is $106k/year.

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What industries drive the economy in Prospect Heights School District 23?

The largest employment sectors in Prospect Heights School District 23 are public administration (24%) and retail (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.