In Park Ridge, a typical home is worth $551,200 and typical rent is $1,537 a month. Compared with all of Cook County, typical household income is 71% higher, the typical home value is 70% higher, and the share of households that own their home is 27 points higher.
Typical home value from Zillow, September 2021 to September 2026: from $447,924 to $593,000.
Typical rent
$2,433a month
Typical rent from Zillow, March 2026 to September 2026: from $2,433 to $2,433.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Park 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
85% of households in Park Ridge own their home, against 58% in Cook County.
2
The typical household income in Park Ridge is $142,986,71% more than in Cook County as a whole ($83,498).
3
The typical home in Park Ridge is worth $551,200,70% more than in Cook County as a whole ($324,500).
4
Nearby, in Harwood Heights, the typical home value is $321,900: 42% less than in Park Ridge ($551,200).
5
According to Zillow, in the 12 months to September 2026 the typical home value in Park Ridge rose 9.7%; in Illinois, it rose 5.3%.
6
Nearby, in Harwood Heights, the typical rent is $1,236: 20% less than in Park Ridge ($1,537).
Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data
The homes here
Housing in Park Ridge
What homes there are in Park 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
Park Ridge
Cook County
Illinois
United States
Kind of home: Park Ridge and its comparisons
Measure
Park Ridge
Cook County
Illinois
United States
Detached house
71%
40%
58%
61%
Attached house
4%
6%
6%
6%
Building of 2 to 4
6%
19%
12%
8%
Apartments (5 or more)
18%
35%
22%
19%
Mobile home
Unreliable estimate
1%
2%
6%
Boat, RV and other
Unreliable estimate
0%
0%
0%
In Park Ridge, 7 in 10 homes are single-family detached houses; in Cook County, 4.
Year built
Before 19601960–19791980–19992000–20092010 or later
Park Ridge
Cook County
Illinois
United States
Year built: Park Ridge and its comparisons
Measure
Park Ridge
Cook County
Illinois
United States
Before 1960
51%
49%
38%
26%
1960–1979
27%
25%
26%
24%
1980–1999
9%
14%
20%
25%
2000–2009
9%
8%
11%
14%
2010 or later
5%
5%
6%
11%
The typical year built in Park Ridge is 1960, about the same as in Cook County (1961).
Homes in Park Ridge are bigger: 72% have 3 bedrooms or more; in Cook County, 49%.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200K3%
$200K–$300K6%
$300K–$500K32%
$500K–$750K33%
$750K–$1M16%
$1M or more8%
Value of owner-occupied homes: Park Ridge and its comparisons
Measure
Park Ridge
Under $100K
Unreliable estimate
$100K–$200K
3%
$200K–$300K
6%
$300K–$500K
32%
$500K–$750K
33%
$750K–$1M
16%
$1M or more
8%
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,49940%
$1,500–$1,99917%
$2,000–$2,49910%
$2,500–$2,99913%
$3,000 or more12%
Monthly rent with utilities: Park Ridge and its comparisons
Measure
Park Ridge
Under $500
Unreliable
$500–$999
Unreliable estimate
$1,000–$1,499
40%
$1,500–$1,999
17%
$2,000–$2,499
10%
$2,500–$2,999
13%
$3,000 or more
12%
With a mortgage
$3,312 a month
Cook County: $2,270 a month
Without a mortgage
$1,275 a month
Cook County: $910 a month
Owners with a mortgage
58%
Cook County: 62%
Owning costs more in Park Ridge: with a mortgage, the typical cost is $3,312 a month; in Cook County, $2,270. Without one, $1,275.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Park Ridge+26%
Cook County+32%
Illinois+35%
United States+53%
Typical rent
Park RidgeNo clear change
Cook County+28%
Illinois+26%
United States+33%
Typical household income
Park Ridge+28%
Cook County+29%
Illinois+27%
United States+29%
Change since 2015–2019: Park Ridge and its comparisons
Measure
Park Ridge
Cook County
Illinois
United States
Typical home value
+26%
+32%
+35%
+53%
Typical rent
No clear change
+28%
+26%
+33%
Typical household income
+28%
+29%
+27%
+29%
The typical home value in Park Ridge rose 26% since 2015–2019, less than in Cook County (32%).
Rent in Park Ridge moved so little since 2015–2019 that the Census cannot say whether it rose or fell.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Park Ridge and its comparisons
Measure
Park 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
2.56
2.43
2.46
2.53
Drive alone
59%
55%
66%
69%
Carpool
5%
8%
8%
9%
Public transit
9%
12%
6%
3%
Walk or bike
2%
5%
3%
3%
Work from home
24%
19%
16%
15%
Other means
Unreliable estimate
2%
1%
2%
Typical commute
20 to 29 minutes
30 to 39 minutes
20 to 29 minutes
20 to 29 minutes
More people live in each home here: 2.56 on average, against 2.43 in Cook County.
In Park Ridge, 24% of workers work from home, more than in Cook County (19%).
Do the math
What would you pay each month for a home in Park Ridge?
A typical home costs more than the typical income allows
We start with a typical home in Park Ridge, worth $551,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 42% of the typical household income in Park Ridge, which is $142,986 a year. For that payment to be 28% of income, a household would need to earn about $213,053 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 Park 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 $19,292 (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
$4,971
at 7.18% · 30 years
Loan amount
$541,216
Total interest
$778,683
Paid off in
November 2056
Includes $9,308 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $3,336 a month
Tight
$3,336 to $4,290 a month
Hard
more than $4,290 a month
Your payment · 42%
Compared with the typical household income in Park Ridge ($142,986 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$3,666
Property tax
$831
Home insurance
$230
FHA mortgage insurance (MIP)
$244
You need at least $19,292 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 $4,971; principal and interest $3,666.
The city and its county
Park Ridge and Cook County
Park 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).
Park Ridge
Map of Cook County, Illinois, with Park Ridge marked. Around it, the neighboring counties.
Park Ridge
Cook County
Other cities with a page
Park Ridge's own numbers
Typical home value
$551,200
Typical monthly rent
$1,537
Typical yearly household income
$142,986
Households that own their home
85%
Effective property tax rate
1.81%
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 Park Ridge is worth $551,200: 70% above the county and 109% above Illinois. With the typical household income in Park Ridge ($142,986 a year), a typical home costs 3.9 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.
Park Ridge3.9 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
Park 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
Park Ridge$551,200
Cook$324,500
Illinois$263,300
United States$332,700
Typical monthly rent
Park Ridge$1,537
Cook$1,435
Illinois$1,274
United States$1,413
Typical yearly household income
Park Ridge$142,986
Cook$83,498
Illinois$83,390
United States$80,734
See the full table
Park Ridge next to Cook County and Illinois
Measure
Park Ridge
Cook County
Illinois
U.S.
Typical home value
$551,200 ▲70% above the county
$324,500
$263,300
$332,700
Typical monthly rent
$1,537 ▲7% above the county
$1,435
$1,274
$1,413
Typical yearly household income
$142,986 ▲71% above the county
$83,498
$83,390
$80,734
Households that own their home
85% ▲27 points above the county
58%
67%
65%
Typical yearly property tax
$10,001 ▲62% above the county
$6,191
$5,298
$3,119
Effective property tax rate
1.81% ▼0.1 points below the county
1.91%
2.01%
0.94%
Renters with high rent for their income
44% ▼5 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 Park Ridge
For a typical $551,200 home in Park Ridge, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Park Ridge's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$4,971a month
Least cash to close
Down payment
$19,292
Cash to close
$35,828
Rate
7.18%
Mortgage insurance
FHA MIP · $244
Conventional, 5% down$4,870a month
Down payment
$27,560
Cash to close
$44,096
Rate
7.18%
Mortgage insurance
PMI · $262
Conventional, 20% down, no PMI$4,048a month
Down payment
$110,240
Cash to close
$126,776
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$4,558a month
Down payment
$82,680
Cash to close
$99,216
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Park Ridge
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$4,971
$19,292
$541,216
7.18%
FHA MIP · $244
$35,828
580
Conventional, 5% down
$4,870
$27,560
$523,640
7.18%
PMI · $262
$44,096
620*
Conventional, 20% down, no PMI
$4,048
$110,240
$440,960
7.18%
None
$126,776
620*
ITIN, 15% down (example)
$4,558
$82,680
$468,520
8.18%
None
$99,216
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 Park Ridge is $1,537 a month: 7% above the county. In Park Ridge, 44% 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 Park Ridge or Cook County. The ones below are statewide in Illinois: they work in Park 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).
No legal help resource on our list is for Park 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 Park 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 Park Ridge?
The typical home value in Park Ridge is $551,200, 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 Park Ridge?
Typical rent in Park Ridge is $1,537 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 Park Ridge?
Park 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 Park Ridge?
The typical homeowner in Park Ridge pays $10,001 a year, according to the U.S. Census Bureau. That is 1.81% of the home’s value; in Cook County, the rate is 1.91%.
Where can I find free help to buy or rent in Park 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.
