Zip 53405 (Racine, WI) Housing

The city of Racine, WI (53405) appears to have a very similar housing market to the nation as a whole. The median value of homes in the area is $176,100, which is significantly less than the US median of $338,100. Despite this disparity in value, the one year appreciation rate for both areas is nearly identical at 8.17% and 8.27%, respectively. This indicates that despite lower home values in 53405 Racine WI, the housing market is still healthy and growing steadily year over year.

The median home cost in Racine (zip 53405) is $176,100. Home appreciation the last 10 years has been 78.0%. Home Appreciation in Racine (zip 53405) is up 12.6%.

Average Age of Homes

- The median age of Racine (zip 53405) real estate is 62 years old

The Rental Market in Racine (zip 53405)

- Renters make up 27.2% of the Racine (zip 53405) population
- 1.2% of houses and apartments in Racine (zip 53405), 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
	11,451.0	139,647,020.0
	66	42
	$176,100	$338,100
	12.6%	16.6%
	58.7%	57.0%
	78.0%	101.1%
	$19.32	$10.98
	$3,540	$2,690
	70.4%	57.4%
	4.4%	11.2%
	25.2%	31.4%
Vacant Housing
	1.2%	1.9%
	0.4%	0.4%
	0.6%	0.7%
	0.0%	0.4%
	0.1%	3.6%
	2.2%	4.1%
Value of Owner-Occupied Housing
	1.7%	2.6%
	0.3%	2.4%
	2.9%	2.8%
	5.8%	3.9%
	9.1%	4.5%
	37.8%	11.3%
	19.8%	13.0%
	16.0%	20.1%
	3.6%	13.6%
	1.6%	8.3%
	0.4%	9.7%
	0.5%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	1.6%	13.6%
	1.6%	13.6%
	3.6%	13.6%
	3.6%	13.2%
	12.0%	14.8%
	3.6%	13.6%
	23.6%	10.0%
	10.3%	4.7%
	26.9%	12.2%

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