Racine, WI—53404
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Racine, WI
As of Oct '25, the median home price in Racine, WI is $182,000, with a year-over-year change of 5.9%. This indicates that home prices in Racine, WI are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $182,000 | 5.9% |
| Single Family | $182,000 | 5.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $162,000 | 7.3% |
3 Bed | $213,000 | 7.0% |
4 Bed | $180,000 | 4.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Racine, WI
As of July '25, Rentcast reports the average rent in Racine, WI is $1,130, with a year-over-year rent change of 15.5%. Per bedroom, the median rent as of July '25 in Racine, WI is 1-bedrooms: $775, 2-bedrooms: $1,100, 3-bedrooms: $1,360. The most common rental property sizes in Racine, WI are 2-bedroom and 3-bedroom, accounting for 54.0% and 17.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,050 | $1,130 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $775 | $775 |
| 2 Bed Rent | $1,050 | $1,100 |
| 3 Bed Rent | $1,340 | $1,360 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Racine, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Racine, WI is 27. This is a decrease of -24.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $236,000 | 17.0% |
Listing Count | 21 | -13.0% |
| Listings as % of Homes | 0.4% | -13.0% |
Days on Market | 27 | -24.0% |
Demographics — Racine, WI
As of the latest ACS Survey released in 2023, Racine, WI has a population of 12,400, which has decreased by -20.9% over the past 5 years. Racine, WI is a popular place for families, as children make up 34.1% of the population. The area has a poorly educated workforce, with 12.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,400 | -20.9% |
% Under 18 | 34.1% | 16.0% |
% Seniors | 10.6% | 1.9% |
% WFH | 4.1% | 0.0% |
% w/ College Degree | 12.8% | 9.4% |
As of the latest ACS Survey released in 2023, Racine, WI is a predominantly hispanic area, with 40.3% of the population identifying as hispanic. The hispanic population has grown by 28.3% in the last 5 years. The second most common race or ethnicity in Racine, WI is white, making up 34.6% of the population. Foreign-born residents account for 7.4% of the population in Racine, WI, and this percentage has decreased by 20.4% 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 | 34.6% | -1.4% |
% Black | 21.7% | -25.9% |
% Hispanic | 40.3% | 28.3% |
% Asian | 0.6% | -33.3% |
% Foreign Born | 7.4% | -20.4% |
Mortgage and Risk — Racine, WI
According to HUD data as of 2023, there were 301 mortgage originations in Racine, WI, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Racine, WI. Investor activity is low, as 5.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 301 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Racine, WI
Racine, WI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 473 |
Total Units Section 8 | 472 |
% Rentals under Section 8 | 20.4% |
% Occupied Section 8 | 74.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $65 | $775 | $840 |
| 2 Bedroom | $20 | $1,050 | $1,070 |
| 3 Bedroom | $50 | $1,340 | $1,390 |
| 4 Bedroom | N/A | N/A | $1,690 |
Affordability — Racine, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $182,000 |
| Median Household Income | $47,700 |