Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Park Ridge area can be challenging. Home prices in Park Ridge are now at a median cost of $471,788, higher than the Illinois average of $242,002.
The average cost of rent is $1,633/mo in Park Ridge, primarily driven by the current value of real estate in the Park Ridge area. While nearly 42.07% of residents own their homes outright in Park Ridge, 14.34% rent.
Housing affordability isn’t just about home prices, though. The average household income in Park Ridge is $10,934 per month. Households that rent pay about 14.93% of their income on rent here. Park Ridge's most expensive areas are in the southern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Niles, IL: less expensive homes
- Rosemont, IL: less expensive homes
- Des Plaines, IL: less expensive homes
- Morton Grove, IL: less expensive homes
- Norridge, IL: less expensive homes
- Harwood Heights, IL: less expensive homes
- Schiller Park, IL: less expensive homes
- Golf, IL: higher priced homes
- Glenview, IL: equally priced homes
- Skokie, IL: less expensive homes
Cities with Similar Populations
- Bangor, ME: less expensive homes
- Bell Gardens, CA: less expensive homes
- Oswego, IL: less expensive homes
- Roy, UT: less expensive homes
- Rome, NY: less expensive homes
- Ringgold, GA: less expensive homes
- Portage, IN: less expensive homes
- Port Huron, MI: less expensive homes
- Plainfield, IN: less expensive homes
- Phoenixville, PA: less expensive homes
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