The housing market in Chicago Ridge, IL is thriving. The median value of homes is currently $200,700, which is significantly lower than the US median value of $338,100. In addition, the one year appreciation rate for homes in Chicago Ridge is 9.35%, which is higher than the US average of 8.27%. This demonstrates that the real estate market in this area is strong and represents a good investment opportunity for prospective home buyers.
The median home cost in Chicago Ridge is $200,700. Home appreciation the last 10 years has been 66.0%. Home Appreciation in Chicago Ridge is up 13.7%.
Average Age of Homes
- The median age of Chicago Ridge real estate is 45 years old
The Rental Market in Chicago Ridge
- Renters make up 46.4% of the Chicago Ridge population
- 2.5% of houses and apartments in Chicago Ridge, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.