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 $128,169, lower than the Wisconsin average of $220,185.
The average cost of rent is $930/mo in Racine, primarily driven by the current value of real estate in the Racine area. While nearly 38.27% of residents own their homes outright in Racine, 43.32% rent.
Housing affordability isn’t just about home prices, though. The average household income in Racine is $4,197 per month. Households that rent pay about 22.16% of their income on rent here. Racine's most expensive areas are in the southern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Mount Pleasant, WI: higher priced homes
- Elmwood Park, WI: higher priced homes
- North Bay, WI: higher priced homes
- Wind Point, WI: higher priced homes
- Caledonia, WI: higher priced homes
- Sturtevant, WI: higher priced homes
- Somers, WI: higher priced homes
- Franksville, WI: higher priced homes
- Sylvania, WI: higher priced homes
- Kenosha, WI: higher priced homes
Cities with Similar Populations
- Richardson, TX: higher priced homes
- Reno, NV: higher priced homes
- San Rafael, CA: higher priced homes
- Saginaw, MI: less expensive homes
- San Angelo, TX: higher priced homes
- Rome, GA: higher priced homes
- Salt Lake City, UT: higher priced homes
- San Marcos, CA: higher priced homes
- Roswell, GA: higher priced homes
- San Bernardino, CA: higher priced homes
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