Chicago Ridge, IL Real Estate
According to census data in the year 2000 there were 5,847 housing units in Chicago Ridge.
This represents a 6.3% growth from 5,499 in 1990.
Of those housing units, 5,847 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Chicago Ridge is about 51.6%.
Chicago Ridge's vacancy rate, including seasonal lodging, is about 2.7%.
Average household size is 2.43 people.
The majority of houses, apartments or condos in Chicago Ridge were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.10% |
| One Bedroom | 15.30% |
| Two Bedrooms | 52.70% |
| Three Bedrooms | 23.70% |
| Four Bedrooms | 6.30% |
| Five Bedrooms or more | 0.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.68 |
| Median year structure was built | 1965 |
| Median Value of occupied units | $138,500 |
| Median Price asked for vacant units | $225,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.16 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $651 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1.50% |
| Second Mortgage | 9.10% |
| Home Equity Loan | 11.10% |
| Simple Mortgage | 48.10% |
| Debt Free | 30.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.6% |
