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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 $701,594, higher than the New Jersey average of $496,577.
The average cost of rent is $2,251/mo in Park Ridge, primarily driven by the current value of real estate in the Park Ridge area. In Park Ridge, 18.96% of households rent, and 50.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Park Ridge is $15,088 per month. Households that rent pay about 14.92% of their income on rent here. Park Ridge’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Montvale, NJ: equally priced homes
- Woodcliff Lake, NJ: higher priced homes
- Hillsdale, NJ: equally priced homes
- Pearl River, NY: less expensive homes
- Westwood, NJ: equally priced homes
- Saddle River, NJ: higher priced homes
- Old Tappan, NJ: higher priced homes
- Chestnut Ridge, NY: equally priced homes
- Upper Saddle River, NJ: higher priced homes
- Ho-Ho-Kus, NJ: higher priced homes
Cities with Similar Populations
- South Huntington, NY: equally priced homes
- Irvine, KY: less expensive homes
- Irvington, AL: less expensive homes
- Scotchtown, NY: less expensive homes
- Smiths Creek, MI: less expensive homes
- Sneads Ferry, NC: less expensive homes
- Somerville, AL: less expensive homes
- Sorrento, FL: less expensive homes
- South Glens Falls, NY: less expensive homes
- South Highpoint, FL: less expensive homes
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