Median price for residential in as of Apr, 2022.
Take into account that the price depends on the location and condition of the . The size and amenities might have a large influence on the asking price as well.
111 Chicago Ridge, IL, USA apartments for sale
Chicago Ridge
According to statistics, the population in Chicago Ridge, IL amounts to 14,338, which shows decline 0% compared to the previous year. The median age of the city’s residents is 33. The average household income is $44,221, shifting growth 3% from the past year, and the average property value in Chicago Ridge, IL decline 1% to $153,300 throughout the year.
| Population | 14,338 |
| Median Age | 32.7 |
| Poverty Rate | 26% |
| Household Income | $44,221 |
| Number Of Employees | 5,866 |
| Median Property Value | $153,300 |
Household Income
The average household income in Chicago Ridge, IL grew from $43,103 to $44,221 in the past year. This data is an estimate based upon 5,050 households in Chicago Ridge, IL . The chart below presents how household income is distributed in Chicago Ridge, IL in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Chicago Ridge, IL shifted from $152,400 to $153,300 throughout the year. The subsequent graph indicates the share of properties in the given price range in Chicago Ridge, IL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Chicago Ridge, IL properties falls in the '$150,000 to $174,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Chicago Ridge, IL compared to median property taxes around the country. The prevalent amount of property taxes in Chicago Ridge, IL equals $3000, which is less than the national average.
Housing Trends
How much does an apartment cost in Chicago Ridge, IL, USA
Average sale in Chicago Ridge: $251,664 (-3.3%)
| Apartment Size | Apr | vs Last Month |
|---|---|---|
| 1 bed for sale | $95,900 | +74.7% |
| 2 bed for sale | $168,383 | +30.6% |
| 3 bed for sale | $330,071 | +10.2% |
| 4+ bed for sale | $380,718 | -9.5% |
During Apr 2022, the average price for an apartment in/near Chicago Ridge, IL decreased by 3.3% to $251,664.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $95,900 with no changes this month. Asking price for 2-bed apartment remains the same, a place of this size will still cost you $168,383. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $330,071. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $380,718 for a big-family home.
| Listing Type | Apr | vs Last Month |
|---|---|---|
| Condos for sale | $141,253 | +3.9% |
| Houses for sale | $322,015 | -11.5% |
| Townhouses for sale | $350,315 | N/A |
According to statistics, average house is still $322,015 with no significant changes this month. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $141,253. Value of the townhouses didn’t change, the price still starts at $350,315.
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