Racine appreciation rates and housing market information

Racine housing market information

With a population of 81,827, 33,458 total housing units (homes and apartments), and a median house value of $145,131, Racine real estate and house prices are near the national average for all cities and towns.

single-family detached homes are the single most common housing type in Racine, accounting for 59.09% of the city's housing units. Other types of housing that are prevalent in Racine include duplexes, homes converted to apartments, or other small apartment buildings (21.89%), large apartment complexes or high rise apartments (15.75%), and a few row houses and other attached homes (3.04%).

The most prevalent building size and type in Racine are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 56.72% owning, and 37.42% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Racine's housing was primarily built during this period, from the '40s through the '60s. A full 47.68% of the city's housing hails from this era. Other housing ages represented in Racine include homes built between 1939 and earlier (35.75%), and housing constructed from 1970-1994 (14.88%). There's also some housing in Racine built between 1995 and later (1.69%).

Racine home appreciation rates

Racine's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Racine during the period has been just 6.10%, which is lower than % of US communities.

Over the last year, Racine appreciation rates have trailed the rest of the nation. In the last twelve months, Racine's appreciation rate has been -1.88%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Racine were at 0.11%, which equates to an annual appreciation rate of 0.44%.

Relative to Wisconsin, our data show that Racine's latest annual appreciation rate is higher than 17% of the other cities and towns in Wisconsin.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Racine differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Racine - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Racine real estate investment or home purchase decisions.