Northwest Chicago suburb, Mount Prospect, was recently named “The Best Place to Raise Your Kids in the U.S.” for 2009 by the editors of Business Week.
Mount Prospect was picked primarily for its school performance, affordability, and safety. According to the article, Prospect High School was just ranked 12th among all Illinois high schools.
I’ve always noticed lower home prices in Mount Prospect than in some farther out suburbs. The Mount Prospect median house sale price for the past year was $320K*. This is significantly less than $380K for Arlington Heights and $389K for Palatine and Prospect Heights which also have some good schools, but are farther from Chicago.
*Based on Midwest Real Estate Data LLC (MRED) Data.
ABOUT THE AUTHOR
Fran Bailey shows, previews and tracks downtown Chicago homes for sale giving her the insights needed to help her clients negotiate the best price and terms. Fran has been quoted in numerous Chicago and national publications. To schedule showings of listings regardless of broker or to contact Fran email her at fran.bailey@bairdwarner.com or call 773.793.4516. Learn More
Fran Bailey, Realtor
