Park Ridge, IL Real Estate
According to census data in the year 2000 there were 14,619 housing units in Park Ridge.
This represents a 5.8% growth from 13,821 in 1990.
Of those housing units, 14,619 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Park Ridge is about 87.9%.
Park Ridge's vacancy rate, including seasonal lodging, is about 3%.
Average household size is 2.61 people.
The majority of houses, apartments or condos in Park Ridge were built after 1956.
|Housing Units by Size|
|Five Bedrooms or more||3.80%|
Owned Homes, Apartments and Condos
|Average Household Size||2.73|
|Median year structure was built||1956|
|Median Value of occupied units||$295,800|
|Median Price asked for vacant units||$275,600|
Rented Homes, Apartments and Condos
|Average Household Size||1.79|
|Median year structure was built||1959|
|Median Monthly Rent asked for vacant units||$788|
Owners Finance Status
|Second Mortgage & Equity Loan||0.20%|
|Home Equity Loan||11.40%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||18.5%|