Market Overview
Home Prices in Racine, WI
The median home value in Racine, WI is $221,388 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.9% compared to a year ago and up 7.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Racine are priced46% below average. Racine is part of the Racine, WI metro area.
Over the past five years, Racine home values have risen by approximately44.5%, reflecting strong long-term appreciation in this market.
Price History
Racine Home Price Trend
City Comparison
Racine vs. National Median
At $221,388, homes in Racine cost 46% 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
$44,278
on $221,388
Monthly P&I
$1,155/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,467/mo
incl. taxes & insurance
Income Needed
$58,680
gross annual (30% rule)
10% Down Option
$22,139
+ PMI applies
Loan Amount (20% dn)
$177,110
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, WI?
The median home value in Racine is $221,388 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.9% year-over-year.
How much have home prices changed in Racine?
Over the past year, home values in Racine have increased by 4.9%. Over five years, prices have risen approximately 44.5%.
How much do I need to earn to buy a home in Racine?
To comfortably afford the median home price of $221,388 with a 20% down payment ($44,278) at today's rates (6.8%), you'd need a gross annual income of approximately $58,680. 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 $221,388, homes in Racine are 46% below the national average.
What metro area is Racine part of?
Racine is part of the Racine, WI metropolitan area. Home prices and market conditions can vary across the broader metro region.