Racine, Wisconsin.
Typical home $216,719 (+6.2% in a year), asking rent $1,215 (+6.9%). Racine, WI metro.
to buy the typical home at today's mortgage rate — +$692 (+155%) since Jan 2020.
- 1 year
- Up $12,743 +6%
- $203,976$216,719 since Sep 2025
- 5 years
- Up $66,176 +44%
- $150,542$216,719 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Racine$1,138
- Wisconsin$1,770
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 10 years.
Typical home values in Racine, WI rose 6.2% over the past year — faster than the nation's +1.2%.
Asking rents in Racine, WI rose 6.9% over the past year — faster than the nation's +2.7%.
Owning the typical home in Racine runs $449/mo more than renting one — the widest that gap has been in this data.
That is $1,664 a month against $1,215 rent: a $1,138 mortgage payment, plus $294 property tax and $232 insurance & upkeep.
Owning vs renting — Racine
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$1,664
- Renting$1,215
- Mortgage only$1,138
Property tax · $294/mo 1.63% of value a year — the ACS 2020-2024 median bill over the median home value for Racine County, WI
Insurance & upkeep · $232/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Racine, Racine County, Wisconsin
Racine is a city of 77,816 people in Racine County. Half its households earn more than $57,740 a year and half less, against $78,096 across Racine County; 18% of its people live below the poverty line. 60% of its homes are lived in by their owners and 40% are rented. Unemployment in Racine was 4.8% in August 2026, and Racine County had 0.6% fewer jobs in 2025 than the year before. The most residents work in manufacturing, then schools and health care.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Racine is a city on the Wisconsin shore of Lake Michigan, and its residents are younger on the whole than in many American towns. Incomes here run well below the county's, and more people live below the poverty line than you might expect. Most homes are lived in by their owners, though renting is common too. Winters are cold, with January the coldest month and plenty of snow, while July is pleasantly warm.
Work. Manufacturing, schools and hospitals, shops, and restaurants and hotels employ most of the people who live here. Among the largest workplaces in Racine are the Racine Unified School District, Wheaton Franciscan Healthcare, and InSinkErator, which makes household garbage disposal units. Jobs across Racine County have slipped slightly from a year earlier, and unemployment has edged up a little. Many people get to work in a typical commute that is shorter than in much of the country, and only a few work from home.
Things to do. In or beside town, the Racine Art Museum and the Racine Heritage Museum are good places to spend an afternoon indoors, and the Racine Zoo is close by as well. For fresh air, Island Park is a garden in or beside town, and Library Park is a short drive away. A longer drive north leads to the Milwaukee Art Museum.
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- 31,970households
- 21%of adults have a degree
- 18%below the poverty line
- 22 mintypical commute
- 7%work from home
What residents work in
Employed residents by industry, from the Census survey. Racine County had 75,873 jobs in 2025, 0.6% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 30° and lows near 14°; warmest in July, with highs near 78° and lows near 64°. About 41 inches of snow and 37 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Racine weather station, 2 miles away (NOAA).
Largest workplaces in Racine
- Racine Unified School DistrictSchool district2,700FTE
- Wheaton Franciscan Healthcare - ALLGeneral hospital1,093FTE
- CNH Industrial AmericaAdministrative services900
- InSinkEratorGarbage disposal units, household-type, manufacturing742
- Modine Manufacturing Company - RacineRadiators and cores manufacturing400
- Summit Packaging Systems RacineAerosol valves manufacturing280
- Great Northern Corporation - RacineCorrugated and solid fiber boxes made from purchased paper or paperboard219
- Woodman's Food MarketGrocery stores202
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 43 workplaces with 20 or more staff, 7,023 people in all. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesRelatively high
- TornadoesRelatively high
- Strong windRelatively high
- LightningRelatively high
- HailRelatively moderate
- Inland floodingRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across Racine County, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Racine County and the Racine, WI metro.
Racine home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Racine$216,719
- Wisconsin$337,196
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Racine listings, and the typical home goes pending in 23 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Racine23.76%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
Not enough data to draw this yet.
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Racine201
New listings per month
Sellers arriving at the market.
- Racine76
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Racine$219,960
- United States$371,407
Zip codes with a Racine address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Racine — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Racine
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 53403 | Racine | 27,009 | $1,415 | $215,132 |
| 53405 | Racine | 26,793 | $1,458 | $234,697 |
| 53404 | Racine | 13,703 | $1,068 | $195,730 |