Park Ridge, IL Real Estate
According to census data in the year 2000 there were 14,619 housing units in Park Ridge.
This represents a 5.8% growth from 13,821 in 1990.
Of those housing units, 14,619 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Park Ridge is about 87.9%.
Park Ridge's vacancy rate, including seasonal lodging, is about 3%.
Average household size is 2.61 people.
The majority of houses, apartments or condos in Park Ridge were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.60% |
| One Bedroom | 6.70% |
| Two Bedrooms | 20% |
| Three Bedrooms | 46.90% |
| Four Bedrooms | 21% |
| Five Bedrooms or more | 3.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.73 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $295,800 |
| Median Price asked for vacant units | $275,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.79 |
| Median year structure was built | 1959 |
| Median Monthly Rent asked for vacant units | $788 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 4.80% |
| Home Equity Loan | 11.40% |
| Simple Mortgage | 45.30% |
| Debt Free | 38.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.5% |
