Racine, WI
Racine County · Pop. 76,893
Ranked #38 of 243 cities
56Moderate
Median Home Price
🏠$190K
3.0% YoY
Median Rent
🔑$1,050
2.5% YoY
Median Income
💰$42K
Rent Burden
📊30.5%
% of income to rent
Income to Buy
🏦$55K
annual income needed
Income to Rent
📝$42K
annual income needed
Price-to-Income
⚖️4.5x
Homeownership
🏡52.0%
Rent vs. Buy
Buy
$1,011/mo
Est. mortgage (7%, 20% down)
Need $55K/yr income
Rent
$1,050/mo
Median rent
Need $42K/yr income
How Racine Compares
| Metric | Racine | Wisconsin | National |
|---|---|---|---|
| Home Price | $190K | $273K | $410K |
| Rent | $1,050 | $1,071 | $1,500 |
| Income | $42K | $75K | $75K |
| Rent Burden | 30.5% | 29.0% | 30.0% |
Key Takeaways
- • Home prices in Racine are 54% lower than the national average.
- • Rent is 30% lower than the national average.
- • You need an income of $55K to comfortably buy a home here.
- • The homeownership rate is 52.0%, compared to 65.0% nationally.