Racine County, Wisconsin Housing Market Prices
Racine County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 3% above the Wisconsin median$175,947
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Median rent 1% below the Wisconsin median More expensive than 87% of counties in Wisconsin$1,080
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Racine County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $175,947 | $170,479 | $248,835 |
| Price Trend (Annual %) | 6.7% | 4.2% | 7.5% |
| Median Gross Rent | $1,080 | $1,087 | $1,407 |
| Rent Trend (Annual %) | 3.7% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Racine County is about 3% higher than in Wisconsin. Rent is about 1% lower than the Wisconsin average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Racine County, up about 6.7% and 3.7% a year respectively. Home prices are changing faster.
Median rent in Racine County rose about 38.0% between 2015 and 2024, from $783 to $1,080. Over the same span, rent in Wisconsin rose about 40.2%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Racine County.
Buying the median-priced home in Racine County costs roughly 13.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Racine County. The price-to-rent ratio in Wisconsin is about 13.1.
| Metric | Racine County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $175,947 | $170,479 | $248,835 |
| Median Household Income | $78,183 | $77,698 | $80,455 |
| Price-to-Income Ratio | 2.3 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Racine County rose about 24.9%, while median household income rose about 37.8% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Racine County | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.7% | 60.5% | 58.5% |
| Rental Rate | 27.2% | 28.7% | 31.2% |
| Vacancy Rate | 6.1% | 10.8% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Racine County has a homeownership rate of 66.7%, higher than the Wisconsin average of 60.5%. Its housing vacancy rate is 6.1%, compared with 10.8% in Wisconsin.
Housing Stock
| Metric | Racine County | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.40 people | 2.33 people | 2.53 people |
| Median Structure Built Year | 1972 | 1974 | 1978 |
| Median Number of Rooms | 5.7 | 5.6 | 5.5 |
The typical housing unit in Racine County was built around 1972. On average, 2.4 people live in a home with about 5.7 rooms, staying for about 16.0 years on average.
Racine County, WI Housing Compared With Nearby Counties
Racine County, WI is the 4th largest of the 6 counties compared here, 197,532 residents against a local median of 411,699. Racine County, WI's median home price, at $175,947, runs 21% below the $221,886 typical of the counties around it.
The counties themselves spread $195,771 on median home price, so Racine County, WI sits at one end of an already wide local range rather than apart from it. Racine County, WI has the 4th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Racine County, WI | 197,532 | $175,947 #4/6 | $1,080 #6/6 | 71.0% #4/6 |
| Kenosha County, WI | 168,436 | $172,058 | $1,218 | 66.7% |
| Milwaukee County, WI | 925,807 | $169,943 | $1,100 | 49.9% |
| Lake County, IL | 714,026 | $221,886 | $1,476 | 74.8% |
| Ozaukee County, WI | 92,977 | $308,928 | $1,153 | 72.9% |
| Waukesha County, WI | 411,699 | $365,714 | $1,356 | 76.0% |
Frequently Asked Questions
Common questions about the housing market in Racine County, Wisconsin.
What is the median home price in Racine County, Wisconsin?
The median home price in Racine County, Wisconsin is $175,947, higher than the Wisconsin average of $170,479.
What is the average home price in Racine County, Wisconsin?
The typical home price in Racine County, Wisconsin, reported as the median sale price, is $175,947. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Racine County, Wisconsin?
The median gross rent in Racine County, Wisconsin is $1,080 per month, lower than the Wisconsin average of $1,087.
What was the median gross rent in Racine County in 2020?
In 2020, the median gross rent in Racine County, Wisconsin was $873 per month.
What is the price-to-rent ratio in Racine County, Wisconsin?
The price-to-rent ratio in Racine County, Wisconsin is about 13.6, meaning it would take roughly 13.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Racine County.
Are home prices or rent rising faster in Racine County, Wisconsin?
Both home prices and rent are rising in Racine County, up about 6.7% and 3.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Racine County, Wisconsin?
66.7% of households in Racine County, Wisconsin own their home, higher than the Wisconsin average of 60.5%.
What is the vacancy rate in Racine County, Wisconsin?
The housing vacancy rate in Racine County, Wisconsin is 6.1%, lower than the Wisconsin average of 10.8%.
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