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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 $564,461, higher than the Illinois average of $300,242.
The average cost of rent is $1,914/mo in Park Ridge, primarily driven by the current value of real estate in the Park Ridge area. In Park Ridge, 15.09% of households rent, and 41.10% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Park Ridge is $13,306 per month. Households that rent pay about 14.39% of their income on rent here. Park Ridge’s most expensive areas are in the eastern 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
- 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: equally priced 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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