Home Values in Racine, Wisconsin — 2026 Market Report
Updated March 2026 | Balanced Market | +4.2% YoY
The median home value in Racine, Wisconsin is $165,000 as of March 2026, which is below the national median of $400,000. Home values in Racine have increased by 4.2% over the past year and 22.8% over the last five years. With a population of 78,199 and a median household income of $42,250, the price-to-income ratio stands at 3.9x, making Racine affordable for the average household.
Racine Housing Market Conditions
| Metric | Racine | National Avg |
|---|---|---|
| Median Home Value | $165,000 | $400,000 |
| YoY Appreciation | +4.2% | +3.8% |
| 5-Year Appreciation | +22.8% | +22.4% |
| Price per Sq Ft | $54 | $222 |
| Days on Market | 34 days | 45 days |
| Months of Supply | 4.1 | 3.5 |
| List-to-Sale Ratio | 100.6% | 98.5% |
| Monthly Homes Sold | 74 | — |
| Foreclosure Rate | 0.56% | 0.3% |
Home Value Trends in Racine
A homeowner who purchased at the median price of $134,365 five years ago in Racine would have gained approximately $30,635 in equity, representing a 22.8% return on investment. Over the past year alone, the typical homeowner gained $6,651 in home equity.
Affordability in Racine, WI
With a median household income of $42,250 and a median home price of $165,000, the price-to-income ratio in Racine is 3.9x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $1,031 compared to estimated monthly ownership costs of $1,026 gives a rent-vs-buy ratio of 1.00. In Racine, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Racine
The effective property tax rate in Wisconsin is 1.76%. On a home valued at $165,000, the estimated annual property tax bill is $2,904, or approximately $242/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Racine is 85.5 (100 = national average), indicating living costs are below the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Racine, WI?
The median home value in Racine, Wisconsin is $165,000 as of March 2026. Home values have changed +4.2% over the past year, with a 5-year appreciation of 22.8%.
Is Racine a buyer's or seller's market?
Racine is currently a balanced market with 4.1 months of housing supply. Homes spend an average of 34 days on market, and the list-to-sale price ratio is 100.6%. Supply and demand are relatively balanced.
Are home values going up in Racine?
Yes, home values in Racine have increased by 4.2% over the past year. The 5-year appreciation rate is 22.8%, meaning a home worth $134,365 five years ago is now worth $165,000.
Is it better to rent or buy in Racine?
The average monthly rent in Racine is $1,031, while estimated monthly homeownership costs are approximately $1,026. The price-to-rent ratio is 13.3. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Racine, Wisconsin is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.