Racine, Wisconsin Real Estate Market Analysis

dynamic.RE

Racine, Wisconsin

7 ZIPs in this city:53401 53402 53403 53404 53405 53406 53408

Market Hotness

Hotness Rank

Hotness Score

Supply Score

Demand Score

DOM vs US

-27.6%

Faster

Price vs US

70%

Below avg

Median Listing Price

$318K

Population

128,133

Households

52,995

Median Days on Market

Active Listings

261

New Listings

180

Housing Market

Pricing

Median Listing Price

$318K+9.9% YoY

Average Listing Price

$365K+1.4% YoY

Price per Sq Ft

$187.728+6.6% YoY

Median Sq Ft

1,627-2.7% YoY

Inventory

Active Listings

261+8.3% YoY

New Listings

180+3.4% YoY

Total Listings

307+5.5% YoY

Buyer Competition

Pending Listings

48-7.7% YoY

Pending Ratio

0.18-16.8% YoY

Median Days on Market

26-4.3% YoY

Price Reduced

14.4%+24.4% YoY

Units & Occupancy

2024 Occupancy

86Kunits

Occupied80,40693.9%
Vacant5,2526.1%

2024 Tenure

80Koccupied

Owner57,12271.0%
Renter23,28429.0%

Renter Share

29.0%+0.4% YoY

Total Housing Units

85,658+1.3% YoY

FY2026 Fair Market Rent — Racine County

HUD government estimate (40th percentile) — not actual market asking rent.

Studio

$851

/month

1 BR

$988

/month

2 BR

$1,235

/month

3 BR

$1,592

/month

4 BR

$1,962

/month

FMR Trends — Racine County

Source: HUD Fair Market Rents

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Population & Age

Total Population

128,133+0.3% YoY

2024 Age Mix

128Kresidents

Under 1831,69324.7%
Adults 18–6474,45858.1%
65 & Over21,98217.2%

Age Composition Over Time2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

38.34-2.5% YoY

Population Under 18

31,693+0.7% YoY

Population 65 & Over

21,982+1.0% YoY

Households & Mobility

Total Households

52,995+1.7% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.39-1.3% YoY

2024 Residential Mobility

of residents

Same house87.9%
Moved (within US)11.9%
Other0.3%

Veterans

6.2%-7.9% YoY

Income & Poverty

Median Household Income

$70K+2.9% YoY

Per-Capita Income

$37K+2.6% YoY

Mean Household Income

$89K+1.4% YoY

Below Poverty Level

13.1%+0.8% YoY

Commuting

2024 Commute Mode

of workers

Drove alone75.6%
Public transit1.2%
Worked from home9.1%
Other14.1%

Worked From Home

9.1%+14.6% YoY

Mean Commute

22.800.0% YoY

Units & Tenure

Total Housing Units

56,636+1.5% YoY

2024 Occupancy

57Kunits

Occupied52,99593.6%
Vacant3,6416.4%

2024 Tenure

53Khouseholds

Owner35,87267.7%
Renter17,12332.3%

Avg Household Size — Owner

2.44-0.6% YoY

Avg Household Size — Renter

2.27-2.9% YoY

County Demographics

Median Age

40.52024

Population

Racine County Population

198,651+0.6% YoY

Households

Total Households

80,406+1.6% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.39-1.6% YoY

Age

2024 Age Mix

198Kresidents

Under 1844,90122.7%
Adults 18–64116,82959.1%
65 & Over35,80218.1%

Age Composition Over Time2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

44,901-0.5% YoY

Population 65 & Over

35,802+3.0% YoY

Median Age

40.500.0% YoY

Mobility & Veterans

2024 Residential Mobility

of residents

Same house88.3%
Moved (within US)11.4%
Other0.3%

Veterans

6.4%-3.0% YoY

County Economy

Income

Median Household Income

$78K+3.7% YoY

Per-Capita Income

$41K+3.7% YoY

Mean Household Income

$99K+2.4% YoY

Poverty

Below Poverty Level

10.3%-4.6% YoY

Transportation to Work

2024 Commute Mode

of workers

Drove alone77.4%
Public transit0.9%
Worked from home9.9%
Other11.8%

Worked From Home

9.9%+11.2% YoY

Mean Commute

23.90+0.4% YoY

Racine, Wisconsin

7 ZIPs in this city:53401 53402 53403 53404 53405 53406 53408

Market Hotness

Hotness Rank

Hotness Score

Supply Score

Demand Score

DOM vs US

-27.6%

Faster

Price vs US

70%

Below avg

Median Listing Price

$318K

Population

128,133

Households

52,995

Median Days on Market

Active Listings

261

New Listings

180

Housing Market

Pricing

Median Listing Price

$318K+9.9% YoY

Average Listing Price

$365K+1.4% YoY

Price per Sq Ft

$187.728+6.6% YoY

Median Sq Ft

1,627-2.7% YoY

Inventory

Active Listings

261+8.3% YoY

New Listings

180+3.4% YoY

Total Listings

307+5.5% YoY

Buyer Competition

Pending Listings

48-7.7% YoY

Pending Ratio

0.18-16.8% YoY

Median Days on Market

26-4.3% YoY

Price Reduced

14.4%+24.4% YoY

Units & Occupancy

2024 Occupancy

86Kunits

Occupied80,40693.9%
Vacant5,2526.1%

2024 Tenure

80Koccupied

Owner57,12271.0%
Renter23,28429.0%

Renter Share

29.0%+0.4% YoY

Total Housing Units

85,658+1.3% YoY

FY2026 Fair Market Rent — Racine County

HUD government estimate (40th percentile) — not actual market asking rent.

Studio

$851

/month

1 BR

$988

/month

2 BR

$1,235

/month

3 BR

$1,592

/month

4 BR

$1,962

/month

FMR Trends — Racine County

Source: HUD Fair Market Rents

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Population & Age

Total Population

128,133+0.3% YoY

2024 Age Mix

128Kresidents

Under 1831,69324.7%
Adults 18–6474,45858.1%
65 & Over21,98217.2%

Age Composition Over Time2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

38.34-2.5% YoY

Population Under 18

31,693+0.7% YoY

Population 65 & Over

21,982+1.0% YoY

Households & Mobility

Total Households

52,995+1.7% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.39-1.3% YoY

2024 Residential Mobility

of residents

Same house87.9%
Moved (within US)11.9%
Other0.3%

Veterans

6.2%-7.9% YoY

Income & Poverty

Median Household Income

$70K+2.9% YoY

Per-Capita Income

$37K+2.6% YoY

Mean Household Income

$89K+1.4% YoY

Below Poverty Level

13.1%+0.8% YoY

Commuting

2024 Commute Mode

of workers

Drove alone75.6%
Public transit1.2%
Worked from home9.1%
Other14.1%

Worked From Home

9.1%+14.6% YoY

Mean Commute

22.800.0% YoY

Units & Tenure

Total Housing Units

56,636+1.5% YoY

2024 Occupancy

57Kunits

Occupied52,99593.6%
Vacant3,6416.4%

2024 Tenure

53Khouseholds

Owner35,87267.7%
Renter17,12332.3%

Avg Household Size — Owner

2.44-0.6% YoY

Avg Household Size — Renter

2.27-2.9% YoY

County Demographics

Median Age

40.52024

Population

Racine County Population

198,651+0.6% YoY

Households

Total Households

80,406+1.6% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.39-1.6% YoY

Age

2024 Age Mix

198Kresidents

Under 1844,90122.7%
Adults 18–64116,82959.1%
65 & Over35,80218.1%

Age Composition Over Time2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

44,901-0.5% YoY

Population 65 & Over

35,802+3.0% YoY

Median Age

40.500.0% YoY

Mobility & Veterans

2024 Residential Mobility

of residents

Same house88.3%
Moved (within US)11.4%
Other0.3%

Veterans

6.4%-3.0% YoY

County Economy

Income

Median Household Income

$78K+3.7% YoY

Per-Capita Income

$41K+3.7% YoY

Mean Household Income

$99K+2.4% YoY

Poverty

Below Poverty Level

10.3%-4.6% YoY

Transportation to Work

2024 Commute Mode

of workers

Drove alone77.4%
Public transit0.9%
Worked from home9.9%
Other11.8%

Worked From Home

9.9%+11.2% YoY

Mean Commute

23.90+0.4% YoY