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These days, finding an affordable place to live in the Chicago Ridge area can be challenging. Home prices in Chicago Ridge are now at a median cost of $220,716, lower than the Illinois average of $300,242.
The average cost of rent is $1,263/mo in Chicago Ridge, primarily driven by the current value of real estate in the Chicago Ridge area. In Chicago Ridge, 48.74% of households rent, and 51.44% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Chicago Ridge is $6,628 per month. Households that rent pay about 19.05% of their income on rent here. Chicago Ridge’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Worth, IL: equally priced homes
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- Hickory Hills, IL: higher priced homes
- Hometown, IL: less expensive homes
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- Evergreen Park, IL: higher priced homes
Cities with Similar Populations
- Grand Terrace, CA: higher priced homes
- Guymon, OK: less expensive homes
- Grove, OK: equally priced homes
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- Sweet Home, OR: higher priced homes
- Greencastle, IN: equally priced homes
- Greenbrier, AR: equally priced homes
- Greece, NY: less expensive homes
- Great Lakes, IL: higher priced homes
- Gwynn Oak, MD: higher priced homes
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