Racine, WI Housing Market
AI-powered market intelligence for the Racine-Mount Pleasant, WI metro area.
PropertyIQ Scores
Racine, WI Market Analysis
Market Overview
Racine, WI earns a PropertyIQ Score of 90 out of 100, placing it in strong territory. The score is driven by home value momentum of 9.58% over 12 months and 0.62% over the past three months, a median days-on-market of 32 days, and a share of listings with a price cut of 19.6%. These inputs point to a market where homes sell quickly and sellers generally do not need to reduce prices. Racine’s median home value is $318,804, about $20,900 below the state average of $339,699. At the same time, its rent index is $1,456, well above the state average of $1,087. This creates a profile of lower home prices but higher rents compared with the rest of Wisconsin.
Economic benchmarks reinforce the market’s strength. Racine’s unemployment rate is 3.2%, just below the state average of 3.3%, and median household income is $78,096, slightly above the state average of $77,485. The market currently has 487 homes for sale. Population growth is listed as N/A, so demographic expansion cannot be assessed from the provided data. Overall, the PropertyIQ Score of 90/100 and the benchmark comparisons support a strong market classification.
Key Trends
The first trend is price momentum. The 12-month home value momentum of 9.58% is the top score driver and indicates solid appreciation over the past year. The three-month momentum of 0.62% is positive but much lower, suggesting the pace of gains may be moderating. The dataset also lists a home value year-over-year figure of $8, though the 12-month momentum is the primary appreciation signal in the score. Racine’s median home value of $318,804 remains below the state average of $339,699.
A second trend is market speed. Homes are spending a median of 32 days on market, and only 19.6% of listings have a price cut. These figures indicate competitive conditions for sellers. No state benchmark is provided for days on market or price-cut share, so the comparison is limited to the raw values.
A third trend is rental strength. Racine’s rent index of $1,456 is $369 above the state average of $1,087. Because Racine’s median home value is lower than the state average while its rent index is higher, the market shows a notable rent-to-price relationship that may interest rental property investors.
A fourth trend is economic stability. Racine’s unemployment rate of 3.2% is slightly better than the state’s 3.3%, and median household income of $78,096 is slightly above the state’s $77,485. These metrics support a stable base for housing demand, though population growth data is not available.
Who Is This Market For
Racine is well suited to first-time buyers. The median home value of $318,804 is below the state average of $339,699, while median household income of $78,096 is slightly above the state average of $77,485. This suggests a more affordable entry point than the state overall. However, with a median days-on-market of 32 days and only 19.6% of listings with a price cut, first-time buyers should be prepared to move quickly and may face limited negotiation room.
The market also fits rental property investors. The rent index of $1,456 is significantly higher than the state average of $1,087, while the median home value is lower than the state average. This combination can support rental income relative to purchase price, though investors should still assess individual property expenses and local tenant demand.
Move-up buyers may also find opportunity in Racine. The 12-month home value momentum of 9.58% suggests existing homeowners have likely gained equity over the past year. Because the median home value remains below the state average, move-up buyers may be able to trade into larger homes at a price point that compares favorably to the broader state.
Outlook
The available data points to a generally positive but potentially moderating outlook for Racine. The 12-month home value momentum of 9.58% is strong, but the three-month momentum of 0.62% indicates that price growth has slowed from the trailing 12-month pace. A median days-on-market of 32 days and a price-cut share of 19.6% suggest a competitive market that is not overextended. Low unemployment at 3.2% and a rent index above the state average provide ongoing support for housing demand. The main gap is population growth, which is listed as N/A; without that figure, demographic-driven demand cannot be confirmed. Based on the provided metrics, Racine appears likely to remain a strong market in the near term, with price gains potentially continuing at a slower rate than the 12-month figure implies.
AI-generated analysis based on current market data. Last updated October 4, 2026.
Get Racine, WI market updates
Choose your role for tailored insights.
Racine, WI market data
Racine, WI Housing Market Overview
Racine, WI's median home value is $319K, up 9.6% over the past year. Homes here sell in a median 32 days. Its PropertyIQ Score of 90 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.
Understanding the Racine, WI housing market requires looking beyond headline price figures. The PropertyIQ Score reads both sides of market strength: Zillow price momentum across 3- and 12-month windows, and Realtor.com flow signals — days on market and the share of listings with price cuts. Together they predict how this WI metro is set to perform relative to the rest of its state.
Midwestern housing markets are characterized by affordability and economic diversification. From manufacturing hubs undergoing tech-sector transitions to university towns with stable demand, the region offers value-oriented opportunities with lower entry costs than coastal markets. Within the Midwest, Racine, WI's PropertyIQ Score of 90 ranks among the Midwest's stronger demand signals.
The PropertyIQ Score for the Racine, WI market is built from four inputs: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all metro markets nationally and calibrated so 50 equals the state average — a score above 50 means this market is positioned to outperform its state, and a score below 50 means it is set to lag. Momentum here has been positive, with home values up 9.6% over the past year.
View Racine, WI's complete market profile including historical price trends, score history, and AI-generated analysis. Compare this market against any other US metro to find the best opportunities for your investment strategy.
Counties in the Racine, WI metro area
ZIP codes in the Racine, WI metro area
View all 13 →Top markets in WI
Market data through August 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Racine, WI a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Racine, WI currently scores 90, a very strong-momentum reading that leaves it positioned to outperform its state over the next three years. For buyers, strengthening demand usually means rising competition and firmer prices, so waiting can cost you negotiating room. Backing that up, the median home value here is $319K, up 9.6% over the past year. So whether Racine, WI is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Racine, WI?
Racine, WI's PropertyIQ Score is 90, indicating very strong momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 90 places Racine, WI above its state benchmark.
Are home prices in Racine, WI rising or falling?
Home prices in Racine, WI are rising. Over the past year, the median home value increased 9.6%, reaching $319K. Over the latest three months, values moved up 0.6%, a sign near-term demand remains firm. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Racine, WI's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Racine, WI?
In Racine, WI, homes sell in a median of 32 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 20% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Racine, WI market data is refreshed on a monthly cycle, with the latest figures current through August 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.