The median home in Park Ridge, Illinois is valued at $538,939, up 6.7% year over year. Typical monthly rent is $2,677, producing a price-to-rent ratio of 16.8x — near the national average of 18x. Park Ridge is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Chicago-Naperville-Elgin, IL-IN-WI stress score, crash risk, and 12-month forecast →

Home Value$538,939

+6.7%

Rent$2,677/mo

AFFORDABILITY

Enter your income for Park Ridge.

Income (annual)

Down Payment

$107,788 on $538,939

Out of reach — 62% of income

Need $166,157/yr to afford.

PITI$3,877

P/I62%

Afford$243K

Gap-$296K

P&I $2,725Tax $1,002Ins $150

Renting $1,200/mo cheaper ($2,677 rent)6.50% 30yr, 20% down, county tax + IL ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Illinois

Compare Park Ridge with other housing markets across Illinois.

Kenilworth$1927K Winnetka$1731K Glencoe$1507K Bannockburn$1222K Golf$1186K Hinsdale$1182K Lake Forest$1136K South Barrington$1077K

Full Chicago-Naperville-Elgin, IL-IN-WI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Chicago-Naperville-Elgin, IL-IN-WI metro.

View Chicago-Naperville-Elgin, IL-IN-WI metro →

PARK RIDGE, IL