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 Size

Housing Units by Size
Studio Type1.60%
One Bedroom6.70%
Two Bedrooms20%
Three Bedrooms46.90%
Four Bedrooms21%
Five Bedrooms or more3.80%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.73
Median year structure was built1956
Median Value of occupied units$295,800
Median Price asked for vacant units$275,600

Rented Homes, Apartments and Condos

Average Household Size1.79
Median year structure was built1959
Median Monthly Rent asked for vacant units$788

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage4.80%
Home Equity Loan11.40%
Simple Mortgage45.30%
Debt Free38.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.5%