The Most Affordable Neighborhoods in Ridgeland, Oak Park, IL by Home Value

 

Ridgeland, Oak Park, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Ridgeland area can be challenging. Home prices in Ridgeland are now at a median cost of $392,658, higher than the Oak Park average of $387,938.

The average cost of rent is $1,230/mo in Ridgeland, primarily driven by the current value of real estate in the Ridgeland area. While nearly 21.28% of residents own their homes outright in Ridgeland, 44.15% rent.

Housing affordability isn’t just about home prices, though. The average household income in Ridgeland is $8,120 per month. Households that rent pay about 15.15% of their income on rent here. Ridgeland's most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the neighborhood.


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