Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$315,015+5.8% YoY · prices are rising fast
Market right nowBuyer's marketMore homes for sale than last year, 25% have cut their price
Income needed to buy, per year$68,289About 0.9× the local median income ($79,354): affordable for a typical household
Days on market37 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+5.2%Zillow expects prices to rise strongly
The typical home in Racine County, WI is worth $315,015, up 5.8% from a year ago. That is well above what local incomes have historically supported: fair value is about $261,936, so the area is 20.3% overvalued. It is a buyer's market: homes take about 37 days to sell, listings are up 27% from a year ago, 25% of listings have had a price cut. Zillow expects prices to rise about 5.2% over the next year. A household needs about $68,289 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $79,354. Typical rent is $1,460 a month, or $1,725 for a house. In the latest IRS figures, 509 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$315,015
Change in 1 year
+5.8%
Overvalued %
+20.3%
Show 7 more
Fair home value
$261,936
Change in 5 years
+32.1%
Zillow forecast, next 12 months
+5.2%
Home value to income
4.0×
Monthly mortgage payment (20% down)
$1,707
Income needed to afford it
$68,289
Property tax rate
1.63%
Rent and investing
Typical rent
$1,460
Typical rent for houses
$1,725
Price-to-rent ratio
18.0×
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HUD Fair Market Rent, 2 bedrooms
$1,283
Gross rental yield
5.56%
Cap rate (estimate)
3.61%
Market activity
Listings vs a year ago
+27.1%
Days on market
37
Listings with a price cut
24.6%
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Homes for sale
549
Pending sales per 100 listings
12
Asking price per sq ft
$204
People and jobs
Median household income
$79,354
Population change (1 year)
+0.2%
Unemployment rate
4.4%
Show 4 more
Population
198,919
Income adjusted for cost of living
$82,660
Net moves in (IRS)
+509
Cost of living (US = 100)
96.0
Schools, risk and environment
School rating (1 to 10)
3.9
FEMA hazard risk score (0 to 100)
85.4
Unhealthy air days a year
15
Show 4 more
Flood risk score
85.7
Wildfire risk score
29.8
Walkability (1 to 20)
10.0
Road, rail and air noise
53 dB
Questions people ask
Is Racine County, WI overvalued?
Home prices in Racine County, WI are well above what local incomes have historically supported: fair value is about $261,936, so the area is 20.3% overvalued.
Is Racine County, WI a buyer's or seller's market?
Racine County, WI is a buyer's market: homes take about 37 days to sell, listings are up 27% from a year ago, 25% of listings have had a price cut.
Are home prices going down in Racine County, WI?
Home values in Racine County, WI are up 5.8% over the last year. Zillow's forecast for the next 12 months is +5.2%.
How much do you need to earn to buy a home in Racine County, WI?
A household needs about $68,289 a year to afford the typical home in Racine County, WI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $79,354.