Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Racine area can be challenging. Home prices in Racine are now at a median cost of $225,151, lower than the Minnesota average of $269,934.
The average cost of rent is $965/mo in Racine, primarily driven by the current value of real estate in the Racine area. While nearly 37.99% of residents own their homes outright in Racine, 8.59% rent.
Housing affordability isn’t just about home prices, though. The average household income in Racine is $7,366 per month. Households that rent pay about 13.11% of their income on rent here. Racine's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Hamilton, MN: equally priced homes
- Stewartville, MN: less expensive homes
- Grand Meadow, MN: less expensive homes
- Washington, MN: higher priced homes
- Pleasant Grove, MN: higher priced homes
- Spring Valley, MN: less expensive homes
- Simpson, MN: higher priced homes
- Dexter, MN: less expensive homes
- Ostrander, MN: less expensive homes
- Rock Dell, MN: higher priced homes
Cities with Similar Populations
- Cottekill, NY: higher priced homes
- Boulder Junction, WI: higher priced homes
- Arnold, NE: less expensive homes
- Black Rock, AR: less expensive homes
- Bangor, CA: higher priced homes
- Bent Mountain, VA: equally priced homes
- Parmelee, SD: less expensive homes
- Pumpkin Center, IN: less expensive homes
- Plymouth, IL: less expensive homes
- Peru, NE: less expensive homes
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