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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 $292,541, lower than the Minnesota average of $345,793.
The average cost of rent is $1,117/mo in Racine, primarily driven by the current value of real estate in the Racine area. In Racine, 7.84% of households rent, and 40.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Racine is $9,204 per month. Households that rent pay about 12.14% of their income on rent here. Racine’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hamilton, MN: equally priced homes
- Stewartville, MN: equally priced 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: higher 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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