Park Ridge, Illinois.
Typical home $593,000 (+9.7% in a year), asking rent $2,433 . Chicago-Naperville-Elgin, IL-IN-WI metro.
to buy the typical home at today's mortgage rate — +$1,652 (+113%) since Jan 2020.
- 1 year
- Up $52,284 +10%
- $540,716$593,000 since Sep 2025
- 5 years
- Up $145,077 +32%
- $447,924$593,000 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Park Ridge$3,113
- Illinois$1,553
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in Park Ridge, IL rose 9.7% over the past year — faster than the nation's +1.2%.
Living in Park Ridge, Cook County, Illinois
Park Ridge is a city of 39,656 people in Cook County. Half its households earn more than $142,986 a year and half less, against $83,498 across Cook County; 3% of its people live below the poverty line. 85% of its homes are lived in by their owners and 15% are rented. Unemployment in Park Ridge was 5.0% in August 2026, and Cook County had 1.1% more jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Park Ridge is a city where nearly everyone owns the home they live in, and renters are far fewer than across Cook County. Household incomes run well above the county's, and very few residents live below the poverty line. Most adults hold a four-year degree, and the population skews somewhat older than the national picture. Winters are cold and snowy, with January the coldest month, while July brings warm summer days, and rain and melting snow fall through the year.
Work. Many residents work in schools, hospitals and social care, followed by professional and business services, banks, insurance and property, and shops. Within the city, the largest workplaces include Maine Township HSD Schools, the Park Ridge Park District and Maine South High School. A good share of people work from home, and those who travel to a job face a commute that is fairly long. Unemployment is higher than it was a year ago, while jobs across Cook County have grown slightly.
Things to do. Several of the area's best-known attractions are a longer drive away. Among them are the Art Institute of Chicago, a museum, and Millennium Park, a garden in the heart of the city. Wrigley Field, a stadium, is also a longer drive away for those who like to catch a ballgame.
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- 14,867households
- 66%of adults have a degree
- 3%below the poverty line
- 29 mintypical commute
- 24%work from home
What residents work in
Employed residents by industry, from the Census survey. Cook County had 2,594,810 jobs in 2025, 1.1% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 32° and lows near 19°; warmest in July, with highs near 84° and lows near 66°. About 38 inches of snow and 38 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Chicago Ohare International Airport weather station, 5 miles away (NOAA).
Largest workplaces in Park Ridge
- Maine Township HSD 207School district518FTE
- Ignite Team PartnersPhysical therapists' offices515
- Park Ridge Park DistrictCommunity recreation programs, government490
- Maine South High School300
- TheKey - IL, Park Ridge (1300 W Higgins Road)Homemaker's service for elderly or disabled persons, non-medical238
- Mariano'sSupermarkets and other grocery except convenience stores209
- Jewel Food StoresSupermarkets and other grocery stores150
- Park Ridge140
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 22 workplaces with 20 or more staff, 3,052 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesRelatively high
- TornadoesRelatively high
- Heat wavesrelatively high in parts of Park RidgeRelatively moderate
- Inland floodingrelatively high in parts of Park RidgeRelatively moderate
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Park Ridge’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Cook County and the Chicago-Naperville-Elgin, IL-IN-WI metro.
Park Ridge home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Park Ridge$593,000
- Illinois$295,943
- United States$366,157
Sellers are cutting prices on about 1 in 3 Park Ridge listings, and the typical home goes pending in 16 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Park Ridge31.33%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Park Ridge16
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Park Ridge105
New listings per month
Sellers arriving at the market.
- Park Ridge38
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Park Ridge$586,048
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Park Ridge100.31%
Zip codes with a Park Ridge address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Park Ridge — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.