Why Live in Park Ridge
Park Ridge is a neighborhood that offers a blend of suburban tranquility and urban convenience, bordered by natural forests to the west and the Chicago skyline to the east. The area features a mix of single-family homes, townhouses, and condominiums, with styles ranging from Colonial Revivals to Cape Cods, bungalows, and ranch-style homes. Residents enjoy well-maintained lawns, old-growth trees, and attached garages. The neighborhood is known for its highly-rated schools, including Theodore Roosevelt Elementary, George Washington Elementary, Franklin Elementary, Emerson Middle School, Lincoln Middle School, and Maine South High School, all of which receive high marks. Park Ridge is about 19 miles from Downtown Chicago, with convenient access to the Blue Line, two Metra stations, and Interstate 90, making it an easy commute for downtown workers. O'Hare International Airport is approximately 6 miles away, which can lead to elevated noise and traffic levels in some areas. The neighborhood boasts a vibrant downtown area, referred to as "Uptown," featuring a variety of dining options, shops, and a popular farmer's market. Local highlights include the Park Ridge Country Club, Centennial Park, and numerous other parks offering athletic fields, walking trails, and pickleball courts. Community events such as the Taste of Park Ridge, Fourth of July celebrations, and holiday festivities contribute to the small-town atmosphere. Safety in Park Ridge is favorable, with crime rates lower than the national average.
Frequently Asked Questions
Is Park Ridge a good place to live?
Park Ridge is a good place to live, receiving 4.0 stars from its residents. Park Ridge is considered somewhat walkable and somewhat bikeable with some transit options. Park Ridge is a suburban neighborhood. Park Ridge has 19 parks for recreational activities. It is somewhat dense in population with 9.1 people per acre and a median age of 45. The average household income is $152,399 which is above the national average. College graduates make up 60.7% of residents. A majority of residents in Park Ridge are home owners, with 20% of residents renting and 80% of residents owning their home. A
local real estate agent serving Park Ridge can help you decide if this neighborhood is the right one for you. Learn more on our
Park Ridge neighborhood guide.
How much do you need to make to afford a house in Park Ridge?
The median home price in Park Ridge is $549,950. If you put a 20% down payment of $110,000 and had a 30-year fixed mortgage with an interest rate of 6.35%, your estimated principal and interest payment would be $2,740 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $117K a year to afford the median home price in Park Ridge. The average household income in Park Ridge is $152K.
What are the best public schools in Park Ridge?
The best public schools that serve Park Ridge are:
What are the best private schools in Park Ridge?
The best private schools that serve Park Ridge are:
What are the most popular zip codes in Park Ridge, Park Ridge, IL?
What are the most popular neighborhoods near Park Ridge, Park Ridge, IL?
Home Trends in Park Ridge, IL
On average, homes in Park Ridge, IL sell after 21 days on the market compared to the national average of 52 days. The median sale price for homes in Park Ridge, IL over the last 12 months is $550,000, up 5% from the median home sale price over the previous 12 months.
Median Sale Price
$550,000
Median Single Family Sale Price
$610,000
Median Townhouse Sale Price
$535,500
Median 2 Bedroom Sale Price
$275,000
Median 1 Bedroom Sale Price
$169,500
Average Price Per Sq Ft
$302
Number of Homes for Sale
45
Last 12 months Home Sales
385
Median List Price
$549,950
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
5%