Mount Prospect, IL
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Mount Prospect short-term rental market based on reliable data.
Listings
22 / 95
Reliable / Active
Cap Rate
8%
Middle-Earners Gross Yield
Revenue
$31,792
Middle-Earners Revenue
Occupancy
56%
Middle-Earners Occupancy
Home Value
$415,752
Median Home Sale Price
Top Earners
$76,933
Top-Earners Revenue
Mount Prospect
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Mount Prospect.
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Challenging to Investors
Mount Prospect Regulations
The city’s code does not explicitly address STRs, creating regulatory uncertainty (STRs may be treated as commercial uses requiring zoning approvals). Existing rental licensing, seminars, inspections, and taxes are straightforward and not unduly burdensome, but the ambiguity around legality, zoning compliance, and enforcement risk is enough to deter some investors.
Local STR Agent
STR specialist · Mount Prospect, IL
About Mount Prospect
Mount Prospect is a village in Elk Grove Village 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 2020 census, the village had a total population of 56,852.