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Median Home Price in Prospect Heights, IL

The median home value in Prospect Heights, IL is $345,537 as of 2026-07-31, up 7.12% from a year earlier.

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Median Home Value

$345,537

Year-over-Year

+7.12%

Population

15,122

Prospect Heights ranks #112 of 279 Illinois cities tracked here by median home value, and sits 8.3% above the state's city median of $319,026. It sits in Cook County, where the county-wide median is $344,339.

Housing affordability in Prospect Heights

Median household income in Prospect Heights is $85,008, so the typical home value is about 4.1× annual household income. This is a simple price-to-income benchmark rather than a monthly payment estimate; it does not account for mortgage rates, down payments, taxes or insurance.

Household income comes from the U.S. Census Bureau's ACS 5-Year Estimates, table B19013 (how the affordability measure works).

Crime in Prospect Heights

Prospect Heights police recorded a violent crime rate of 159 per 100,000 residents in 2024 — around the middle of the range for reporting cities. Property crime runs at 588 per 100,000.

Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).

Common questions about Prospect Heights

What is the average home price in Prospect Heights, IL?

People often call this an average home price, but the figure shown here is Zillow's typical home value (ZHVI), not a simple arithmetic average. In Prospect Heights, that value is $345,537. That's up 7.12% from a year earlier. It is about 8.3% above the typical Illinois city tracked here.

Is Prospect Heights expensive compared to the surrounding area?

Homes in Prospect Heights are more expensive than Cook County as a whole, where the median is $344,339 — a difference of about 0.3%.

Is Prospect Heights affordable?

Median household income here is $85,008, so the typical home value is about 4.1× annual household income. This ratio is a broad comparison measure, not a mortgage-payment estimate.

Is Prospect Heights a safe place to live?

Prospect Heights police reported 159 violent crimes per 100,000 residents, covering a population of about 15,122. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.