Market Overview
Home Prices in Racine, OH
The median home value in Racine, OH is $137,621 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.4% compared to a year ago and down 2.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Racine are priced66% below average.
Over the past five years, Racine home values have risen by approximately1.4%, reflecting modest growth in this market.
Price History
Racine Home Price Trend
2020
$116,455
$116K
—
2021
$135,763
$136K
+16.6%
2022
$137,164
$137K
+1.0%
2023
$135,654
$136K
-1.1%
2024
$139,277
$139K
+2.7%
2025
$135,785
$136K
-2.5%
2026
$137,621
$138K
+1.4%
City Comparison
Racine vs. National Median
🏠 Racine
$137,621
National Median
$410,000
At $137,621, homes in Racine cost 66% below the national median of $410,000. This makes Racine a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Racine?
20% Down Payment
$27,524
on $137,621
Monthly P&I
$718/mo
30-yr @ 6.8%
Total Monthly Est.
~$912/mo
incl. taxes & insurance
Income Needed
$36,480
gross annual (30% rule)
10% Down Option
$13,762
+ PMI applies
Loan Amount (20% dn)
$110,097
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Racine, OH?
The median home value in Racine is $137,621 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.4% year-over-year.
How much have home prices changed in Racine?
Over the past year, home values in Racine have increased by 1.4%. Over five years, prices have risen approximately 1.4%.
How much do I need to earn to buy a home in Racine?
To comfortably afford the median home price of $137,621 with a 20% down payment ($27,524) at today's rates (6.8%), you'd need a gross annual income of approximately $36,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Racine compare to the national average home price?
The national median home value is approximately $410,000. At $137,621, homes in Racine are 66% below the national average.