Why Live in Ravenswood
Ravenswood, located in north Chicago, is a neighborhood known for its eclectic mix of classic Chicago housing, quiet lifestyles, and a creative small business community. The area features a variety of home styles, including brick two-flats from the early 1900s and contemporary colonials built in the 2010s, often with small front lawns and urban streetscapes. The neighborhood is safer than the national average, making it a practical choice for families. Ravenswood Elementary, a highly rated K-8 school, integrates well with the community, showcasing student projects. The neighborhood is rich in attractions, with microbreweries like Dovetail, Empirical, and Band of Bohemia lining Ravenswood Avenue, and dining options such as Spacca Napoli and Filipino cuisine reflecting its diverse culture. Annual events like the Ravenswood Art Walk and Ravenswood on Tap celebrate local creativity and craft beer. Parks such as Welles Park, Winnemac Park, and Ravenswood Manor Park offer playgrounds, sports facilities, and nature trails. Residents enjoy easy access to Montrose Beach and Cricket Hill, just a mile east. Commuting is convenient with a Metra station near Lawrence Avenue and proximity to Lake Shore Drive and Route 41. The neighborhood also features a farmers market on Damen Avenue from June through October and is close to Kindred Hospital.
Frequently Asked Questions
Is Ravenswood a good place to live?
Ravenswood is a good place to live. Ravenswood is considered very walkable and a biker's paradise with great transit options. Ravenswood is an urban core neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Ravenswood has 11 parks for recreational activities. It is very dense in population with 31.9 people per acre and a median age of 38. The average household income is $119,085 which is above the national average. College graduates make up 75% of residents. A majority of residents in Ravenswood are renters, with 66.8% of residents renting and 33.2% of residents owning their home. A
local real estate agent serving Ravenswood can help you decide if this neighborhood is the right one for you. Learn more on our
Ravenswood neighborhood guide.
Is Ravenswood, IL a safe neighborhood?
Ravenswood, IL is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Ravenswood?
The median home price in Ravenswood is $575,000. If you put a 20% down payment of $115,000 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $2,930 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $126K a year to afford the median home price in Ravenswood. The average household income in Ravenswood is $119K.
What are the best public schools in Ravenswood?
The best public schools that serve Ravenswood are:
What are the best private schools in Ravenswood?
The best private schools that serve Ravenswood are:
What are the most popular zip codes in Ravenswood, Chicago, IL?
What are the most popular neighborhoods near Ravenswood, Chicago, IL?
Home Trends in Ravenswood, IL
On average, homes in Ravenswood, Chicago sell after 14 days on the market compared to the national average of 52 days. The median sale price for homes in Ravenswood, Chicago over the last 12 months is $595,000, up 12% from the median home sale price over the previous 12 months.
Median Sale Price
$595,000
Median Single Family Sale Price
$1,160,000
Median Townhouse Sale Price
$615,000
Median 2 Bedroom Sale Price
$403,000
Median 1 Bedroom Sale Price
$254,500
Average Price Per Sq Ft
$395
Number of Homes for Sale
12
Last 12 months Home Sales
227
Median List Price
$575,000
Median Change From 1st List Price
-1%
Median Home Sale Price YoY Change
12%