Zip 53402 (Racine, WI) Housing

The housing market in 53402 Racine, WI is showing signs of healthy growth. The median value for a house in this area is currently $223,200, which is below the US median of $338,100. It is worth noting that the 1 year appreciation rate for the housing market in Racine is 8.17%, only slightly lower than the national average at 8.27%. This indicates that the real estate market in this area is experiencing steady growth.

The median home cost in Racine (zip 53402) is $223,200. Home appreciation the last 10 years has been 78.0%. Home Appreciation in Racine (zip 53402) is up 12.6%.

Average Age of Homes

- The median age of Racine (zip 53402) real estate is 54 years old

The Rental Market in Racine (zip 53402)

- Renters make up 26.1% of the Racine (zip 53402) population
- 1.3% of houses and apartments in Racine (zip 53402), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Racine, Wisconsin	United States
	15,084.0	139,647,020.0
	56	42
	$223,200	$338,100
	12.6%	16.6%
	58.7%	57.0%
	78.0%	101.1%
	$20.53	$10.98
	$3,654	$2,690
	66.7%	57.4%
	5.7%	11.2%
	27.6%	31.4%
Vacant Housing
	1.3%	1.9%
	0.1%	0.4%
	0.3%	0.7%
	0.0%	0.4%
	0.8%	3.6%
	3.3%	4.1%
Value of Owner-Occupied Housing
	1.8%	2.6%
	0.4%	2.4%
	1.9%	2.8%
	3.9%	3.9%
	7.9%	4.5%
	19.5%	11.3%
	25.8%	13.0%
	24.5%	20.1%
	6.7%	13.6%
	3.5%	8.3%
	2.8%	9.7%
	0.9%	3.9%
	0.4%	2.2%
	0.1%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.7%	13.6%
	5.7%	13.6%
	10.4%	13.6%
	9.4%	13.2%
	15.5%	14.8%
	10.4%	13.6%
	17.0%	10.0%
	6.8%	4.7%
	19.4%	12.2%

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