West Ridge, Chicago, IL—60645
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West Ridge, Chicago, IL
As of Oct '25, the median home price in West Ridge, Chicago, IL is $289,000, with a year-over-year change of 1.4%. This indicates that home prices in West Ridge, Chicago, IL are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $289,000 | 1.4% |
| Single Family | $476,000 | 7.0% |
| Condos | $196,000 | 1.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $150,000 | 2.7% |
2 Bed | $210,000 | 1.9% |
3 Bed | $395,000 | 6.2% |
4 Bed | $556,000 | 7.3% |
| 5 Bed | $704,000 | 6.5% |
% of Housing Stock
Rental Trends — West Ridge, Chicago, IL
As of July '25, Rentcast reports the average rent in West Ridge, Chicago, IL is $1,870, with a year-over-year rent change of 6.9%. Per bedroom, the median rent as of July '25 in West Ridge, Chicago, IL is studios: $1,280, 1-bedrooms: $1,470, 2-bedrooms: $1,840, 3-bedrooms: $2,560, 4-bedrooms: $3,480. The most common rental property sizes in West Ridge, Chicago, IL are 2-bedroom and 1-bedroom, accounting for 41.5% and 29.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,870 |
| Studio Rent | $1,300 | $1,280 |
| 1 Bed Rent | $1,500 | $1,470 |
| 2 Bed Rent | $1,800 | $1,840 |
| 3 Bed Rent | $2,500 | $2,560 |
| 4 Bed Rent | $3,500 | $3,480 |
% of Rental Stock
Property Listings — West Ridge, Chicago, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in West Ridge, Chicago, IL is 38. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $239,000 | 2.0% |
Listing Count | 84 | -10.0% |
| Listings as % of Homes | 0.3% | -10.0% |
Days on Market | 38 | 0.0% |
Demographics — West Ridge, Chicago, IL
As of the latest ACS Survey released in 2023, West Ridge, Chicago, IL has a population of 46,900, which has decreased by -1.8% over the past 5 years. West Ridge, Chicago, IL is a popular place for families, as children make up 26.5% of the population. The area has a highly educated workforce, with 45.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 46,900 | -1.8% |
% Under 18 | 26.5% | -1.9% |
% Seniors | 15.2% | 10.1% |
% WFH | 10.6% | 135.6% |
% w/ College Degree | 45.1% | 3.4% |
As of the latest ACS Survey released in 2023, West Ridge, Chicago, IL is a predominantly white area, with 41.7% of the population identifying as white. The white population has shrunk by 7.3% in the last 5 years. The second most common race or ethnicity in West Ridge, Chicago, IL is hispanic, making up 22.4% of the population. Foreign-born residents account for 34.9% of the population in West Ridge, Chicago, IL, and this percentage has decreased by 9.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 41.7% | -7.3% |
% Black | 14.8% | -13.5% |
% Hispanic | 22.4% | 31.8% |
% Asian | 14.0% | -14.1% |
% Foreign Born | 34.9% | -9.1% |
Mortgage and Risk — West Ridge, Chicago, IL
According to HUD data as of 2023, there were 393 mortgage originations in West Ridge, Chicago, IL, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in West Ridge, Chicago, IL. Investor activity is low, as 5.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 393 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — West Ridge, Chicago, IL
As of 2024, the percent of homes in West Ridge, Chicago, IL under the Section 8 program is 9.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in West Ridge, Chicago, IL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 848 |
Total Units Section 8 | 775 |
% Rentals under Section 8 | 9.0% |
% Occupied Section 8 | 87.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $1,500 | $1,670 |
| 2 Bedroom | $90 | $1,800 | $1,890 |
| 3 Bedroom | -$70 | $2,500 | $2,430 |
| 4 Bedroom | -$650 | $3,500 | $2,850 |
Affordability — West Ridge, Chicago, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $289,000 |
| Median Household Income | $77,100 |