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Park Ridge

Learn about the people, housing, costs and businesses in Park Ridge, Wisconsin

Median Home$233,474
Median Rent$779/month
Population538
Leading IndustriesRetail · Professional Services · Finance & Insurance15% retail
Home Value Growth⬆⬆+21.0% over 2 years
Young Adults34% of residentswell above average
Homeowners73% of occupied units
NotableAmenity Score77/100 · highly walkable area
NotableHighly Educated30% hold a bachelor's degree · top 9% nationally
Park Ridge
WI

Frequently Asked Questions

What are today's mortgage rates in Park Ridge?

As of today, the 30-year fixed mortgage rate for Park Ridge is approximately 7.009% (7.049% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Park Ridge?

The median home value in Park Ridge is $233k. The median monthly rent is $779. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Park Ridge?

Home values in Park Ridge have increased 21.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Park Ridge?

Based on a typical all-in ownership cost of $963/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Park Ridge is $78k/year.

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What industries drive the economy in Park Ridge?

The largest employment sectors in Park Ridge are public administration (26%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.