Performance indicators for the Mount Prospect short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Mount Prospect.
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Challenging to Investors
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
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.