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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 $175,261, lower than the Ohio average of $236,816.
The average cost of rent is $674/mo in Racine, primarily driven by the current value of real estate in the Racine area. In Racine, 34.81% of households rent, and 66.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Racine is $3,648 per month. Households that rent pay about 18.48% of their income on rent here. Racine’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- New Haven, WV: less expensive homes
- Longdale, WV: less expensive homes
- Syracuse, OH: less expensive homes
- Upper Flats, WV: less expensive homes
- Letart, WV: less expensive homes
- Hartford City, WV: less expensive homes
- Portland, OH: less expensive homes
- Hartford, WV: less expensive homes
- Millwood, WV: equally priced homes
- Welshtown, OH: less expensive homes
Cities with Similar Populations
- Ackerman, MS: less expensive homes
- Wild Rose, WI: higher priced homes
- White Springs, FL: less expensive homes
- Whitakers, NC: less expensive homes
- Warm Springs, OR: higher priced homes
- Vienna, IL: less expensive homes
- Verona, KY: higher priced homes
- Sterling, MI: less expensive homes
- Springville, TN: equally priced homes
- Shell Lake, WI: higher priced homes
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