In Chicago Ridge, a typical home is worth $226,900 and typical rent is $1,304 a month. Compared with all of Cook County, the typical home value is 30% lower, typical household income is 17% lower, and the share of households that own their home is 8 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $202,612 to $249,629.
Typical rent
$1,544a month
Typical rent from Zillow, March 2026 to September 2026: from $1,508 to $1,544.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Chicago Ridge is in Cook County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Cook County. See the county
What this place has that others do not, from public data, most unusual first.
1
Chicago Ridge has the 10th lowest homeownership rate of the 337 cities in Illinois with more than 5,000 people (50%).
2
The typical home in Chicago Ridge is worth $226,900,30% less than in Cook County as a whole ($324,500).
3
The typical household income in Chicago Ridge is $68,964,17% less than in Cook County as a whole ($83,498).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Chicago Ridge
What homes there are in Chicago Ridge, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Chicago Ridge
Cook County
Illinois
United States
Kind of home: Chicago Ridge and its comparisons
Measure
Chicago Ridge
Cook County
Illinois
United States
Detached house
34%
40%
58%
61%
Attached house
Unreliable estimate
6%
6%
6%
Building of 2 to 4
Unreliable estimate
19%
12%
8%
Apartments (5 or more)
60%
35%
22%
19%
Mobile home
Unreliable estimate
1%
2%
6%
Boat, RV and other
Unreliable estimate
0%
0%
0%
Many people here live in apartments: 6 in 10 homes; in Cook County, 3.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Chicago Ridge
Cook County
Illinois
United States
Year built: Chicago Ridge and its comparisons
Measure
Chicago Ridge
Cook County
Illinois
United States
Before 1960
25%
49%
38%
26%
1960–1979
41%
25%
26%
24%
1980–1999
28%
14%
20%
25%
2000–2009
Unreliable estimate
8%
11%
14%
2010 or later
Unreliable estimate
5%
6%
11%
The typical home in Chicago Ridge was built in 1972, 11 years after the typical one in Cook County.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200K27%
$200K–$300K53%
$300K–$500K14%
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Chicago Ridge and its comparisons
Measure
Chicago Ridge
Under $100K
Unreliable estimate
$100K–$200K
27%
$200K–$300K
53%
$300K–$500K
14%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99913%
$1,000–$1,49955%
$1,500–$1,99926%
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Chicago Ridge and its comparisons
Measure
Chicago Ridge
Under $500
Unreliable estimate
$500–$999
13%
$1,000–$1,499
55%
$1,500–$1,999
26%
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$1,660 a month
Cook County: $2,270 a month
Without a mortgage
$632 a month
Cook County: $910 a month
Owners with a mortgage
60%
Cook County: 62%
Owning costs less in Chicago Ridge: with a mortgage, the typical cost is $1,660 a month; in Cook County, $2,270. Without one, $632.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Chicago Ridge+41%
Cook County+32%
Illinois+35%
United States+53%
Typical rent
Chicago Ridge+31%
Cook County+28%
Illinois+26%
United States+33%
Typical household income
Chicago Ridge+41%
Cook County+29%
Illinois+27%
United States+29%
Change since 2015–2019: Chicago Ridge and its comparisons
Measure
Chicago Ridge
Cook County
Illinois
United States
Typical home value
+41%
+32%
+35%
+53%
Typical rent
+31%
+28%
+26%
+33%
Typical household income
+41%
+29%
+27%
+29%
From 2015–2019 to 2020–2024, the typical home value in Chicago Ridge rose 41%; in Cook County, it rose 32%.
Rents in Chicago Ridge rose faster than in Cook County: 31% since 2015–2019, against 28%.
To compare: typical income in Chicago Ridge rose 41%; the home, +41%; the rent, +31%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Chicago Ridge and its comparisons
Measure
Chicago Ridge
Cook County
Illinois
United States
Rental vacancy
Unreliable estimate
4.5%
5.0%
5.5%
Homeowner vacancy
Unreliable estimate
1.1%
1.0%
0.9%
More than one person per room
Unreliable estimate
3.3%
2.5%
3.4%
People per household
2.62
2.43
2.46
2.53
Drive alone
81%
55%
66%
69%
Carpool
Unreliable estimate
8%
8%
9%
Public transit
Unreliable estimate
12%
6%
3%
Walk or bike
Unreliable estimate
5%
3%
3%
Work from home
11%
19%
16%
15%
Other means
Unreliable estimate
2%
1%
2%
Typical commute
30 to 39 minutes
30 to 39 minutes
20 to 29 minutes
20 to 29 minutes
Households in Chicago Ridge are bigger: 2.62 people on average; in Cook County, 2.43.
The car rules in Chicago Ridge: 81% of workers drive to work alone, and the typical trip takes 30 to 39 minutes.
Do the math
What would you pay each month for a home in Chicago Ridge?
A typical home costs more than the typical income allows
We start with a typical home in Chicago Ridge, worth $226,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 37% of the typical household income in Chicago Ridge, which is $68,964 a year. For that payment to be 28% of income, a household would need to earn about $92,241 a year.
The calculator's FHA and conventional loan limits are those of all of Cook County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Chicago Ridge. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $7,942 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$2,152
at 7.18% · 30 years
Loan amount
$222,790
Total interest
$320,542
Paid off in
November 2056
Includes $3,832 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,609 a month
Tight
$1,609 to $2,069 a month
Hard
more than $2,069 a month
Your payment · 37%
Compared with the typical household income in Chicago Ridge ($68,964 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,509
Property tax
$448
Home insurance
$95
FHA mortgage insurance (MIP)
$100
You need at least $7,942 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $2,152; principal and interest $1,509.
The city and its county
Chicago Ridge and Cook County
Chicago Ridge is in Cook County, Illinois. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Chicago Ridge
Map of Cook County, Illinois, with Chicago Ridge marked. Around it, the neighboring counties.
Chicago Ridge
Cook County
Other cities with a page
Chicago Ridge's own numbers
Typical home value
$226,900
Typical monthly rent
$1,304
Typical yearly household income
$68,964
Households that own their home
50%
Effective property tax rate
2.37%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Cook County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$2,011
Price change over 5 years (FHFA)
+42%
Homes in a high flood-risk zone
1%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Cook County.
A typical home in Chicago Ridge is worth $226,900: 30% below the county and 14% below Illinois. With the typical household income in Chicago Ridge ($68,964 a year), a typical home costs 3.3 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Chicago Ridge3.3 years
Cook3.9 years
Illinois3.2 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Cook County
According to FHFA’s house price index, home prices in Cook County rose 61% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Cook County.
Yearly change in FHFA’s price index in Cook County, 2016 to 2025
2016: +3.9% +3.9% 2016
2017: +3.2% +3.2% 2017
2018: +2.5% +2.5% 2018
2019: +2.7% +2.7% 2019
2020: +0.9% +0.9% 2020
2021: +7.2% +7.2% 2021
2022: +11.3% +11.3% 2022
2023: +5.7% +5.7% 2023
2024: +6.4% +6.4% 2024
2025: +5.5% +5.5% 2025
Change in FHFA’s price index in Cook County, Illinois and the United States
Period
County
Illinois
U.S.
Last year (2025)
+5.5%
+5.7%
+2.9%
5 years (2020–2025)
+42%
+47%
+47%
10 years (2015–2025)
+61%
+65%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Chicago Ridge next to Cook County, Illinois and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Chicago Ridge$226,900
Cook$324,500
Illinois$263,300
United States$332,700
Typical monthly rent
Chicago Ridge$1,304
Cook$1,435
Illinois$1,274
United States$1,413
Typical yearly household income
Chicago Ridge$68,964
Cook$83,498
Illinois$83,390
United States$80,734
See the full table
Chicago Ridge next to Cook County and Illinois
Measure
Chicago Ridge
Cook County
Illinois
U.S.
Typical home value
$226,900 ▼30% below the county
$324,500
$263,300
$332,700
Typical monthly rent
$1,304 ▼9% below the county
$1,435
$1,274
$1,413
Typical yearly household income
$68,964 ▼17% below the county
$83,498
$83,390
$80,734
Households that own their home
50% ▼8 points below the county
58%
67%
65%
Typical yearly property tax
$5,374 ▼13% below the county
$6,191
$5,298
$3,119
Effective property tax rate
2.37% ▲0.46 points above the county
1.91%
2.01%
0.94%
Renters with high rent for their income
45% ▼4 points below the county
49%
48%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Cook County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Chicago Ridge
For a typical $226,900 home in Chicago Ridge, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Chicago Ridge's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$2,152a month
Least cash to close
Down payment
$7,942
Cash to close
$14,749
Rate
7.18%
Mortgage insurance
FHA MIP · $100
Conventional, 5% down$2,111a month
Down payment
$11,345
Cash to close
$18,152
Rate
7.18%
Mortgage insurance
PMI · $108
Conventional, 20% down, no PMI$1,772a month
Down payment
$45,380
Cash to close
$52,187
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,982a month
Down payment
$34,035
Cash to close
$40,842
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Chicago Ridge
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$2,152
$7,942
$222,790
7.18%
FHA MIP · $100
$14,749
580
Conventional, 5% down
$2,111
$11,345
$215,555
7.18%
PMI · $108
$18,152
620*
Conventional, 20% down, no PMI
$1,772
$45,380
$181,520
7.18%
None
$52,187
620*
ITIN, 15% down (example)
$1,982
$34,035
$192,865
8.18%
None
$40,842
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Chicago Ridge is $1,304 a month: 9% below the county. In Chicago Ridge, 45% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Cook County, by unit size. To pay the 2-bedroom one ($2,011 a month) without spending more than 30% of your income, you would need to earn $38.67 an hour working full time.
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 42 HUD-approved agencies with an office in Cook County; 19 say they serve in Spanish.
No down payment, repair or rent-help program on our list is for Chicago Ridge or Cook County. The ones below are statewide in Illinois: they work in Chicago Ridge the same as in the rest of the state.
IHDA second loan with no payments until you sell or refinance, for the down payment in Illinois.Offered by Illinois Housing Development Authority (IHDA).
The HUD-approved agencies closest to the center of Chicago Ridge, in a straight line, nearest first. If one says it serves in Spanish, its card says so.
NC
NSC (naca Counseling Subsidiary) - Chicago, IL
4425 W 63rd St Ste 200, Chicago · 6 miles away · Spanish
No legal help resource on our list is for Chicago Ridge or Cook County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Chicago Ridge and all of Cook County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Chicago Ridge?
The typical home value in Chicago Ridge is $226,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Cook County it is $324,500.
How much does it cost to rent in Chicago Ridge?
Typical rent in Chicago Ridge is $1,304 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Cook County is $2,011.
What is the FHA loan limit in Chicago Ridge?
Chicago Ridge uses the FHA limit for all of Cook County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Chicago Ridge?
The typical homeowner in Chicago Ridge pays $5,374 a year, according to the U.S. Census Bureau. That is 2.37% of the home’s value; in Cook County, the rate is 1.91%.
Where can I find free help to buy or rent in Chicago Ridge?
There are 42 HUD-approved counseling agencies with an office in Cook County. 19 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.
