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, stands out as a remarkably strong real estate market, earning a PropertyIQ Score of 96 out of 100. This near-perfect score reflects a convergence of powerful demand signals and favorable supply dynamics. The top score drivers include a 12-month home value momentum of 9.30%, a 3-month momentum of 3.80%, a median days on market of just 29 days, and a low 11.1% share of listings with a price cut. These metrics collectively paint a picture of a market where homes sell quickly, sellers hold pricing power, and values are climbing at an impressive clip. Compared to statewide benchmarks, Racine offers a distinct blend of affordability and performance: the median home value of $316,876 sits comfortably below the Wisconsin average of $339,653, while the local unemployment rate of 3.2% edges out the state’s 3.4% figure, and median household income ($75,331) nearly matches the state’s $75,670.
Underpinning the score is a rental market that far outpaces the state norm. Racine’s rent index of $1,495 is 43% higher than the Wisconsin average of $1,045, signaling robust tenant demand that can support investor returns. Meanwhile, the for-sale inventory of 427 homes reinforces the sense of scarcity when paired with the rapid 29-day typical sales timeline. The market’s strength is not just a flash in the pan; the low price-cut share indicates that sellers rarely need to adjust expectations downward, a hallmark of sustained buyer competition. Together, these factors create an environment where both homeowners and investors find compelling opportunities backed by hard data.
Key Trends
First, home value momentum is accelerating. Although the year-over-year change in median value is a nominal $2, the 12-month momentum reading of 9.30% and the 3-month momentum of 3.80% reveal a market that has shifted into a higher gear recently. This contrast indicates that most appreciation has materialized in the latest quarters, so arriving at a showing with last year’s comps will mislead.
Second, supply remains tight and turnover is fast. With just 427 homes for sale and a median days on market of 29, buyers face a classic seller’s market. The 11.1% price-cut share signals that sellers are pricing accurately and rarely need to reduce, adding to the competitive pressure.
Third, the rental market stands out. At $1,495, Racine’s rent index towers over the state’s $1,045 average, offering investors a wide margin for rental income. This premium, combined with median home values below the state benchmark, creates an attractive price-to-rent balance.
Finally, economic indicators support demand. The unemployment rate of 3.2% (better than the state’s 3.4%) and a median household income of $75,331, essentially at parity with the state’s $75,670, underpin a stable base of potential homebuyers and renters. Population growth data is unavailable, but current employment and income levels are healthy enough to sustain activity.
Who Is This Market For
Racine’s combination of metrics opens the door for multiple buyer profiles. First-time homebuyers find an accessible entry point: the median home value of $316,876 sits comfortably below the Wisconsin average of $339,653, and local incomes align closely with the state figure. This affordability is reinforced by a low 3.2% unemployment rate, which reduces the risk of income disruption. However, the market’s speed—homes sell in a median of 29 days—means buyers must secure financing upfront and be ready to tour and offer quickly.
Investors are drawn by the standout rent index of $1,495, which towers over the state’s $1,045 average, promising strong rental yields. Combined with a 12-month price momentum of 9.30%, Racine offers both cash flow and the prospect of equity growth. The lean inventory of 427 homes and a slim 11.1% price-cut share underscore that opportunity exists but requires swift, well-prepared action. Move-up buyers can capitalize on current equity gains but should prepare for the challenge of finding a new home in a tight inventory environment.
Outlook
The near-term outlook for Racine’s housing market is decidedly positive, anchored by the very metrics that produced its 96/100 score. Home value momentum remains strong, with 12-month growth of 9.30% and a 3-month clip of 3.80%, signaling that upward price pressure is not only intact but accelerating. A slim 29-day median days on market and only 427 active listings suggest that the imbalance between buyers and sellers will persist. The 11.1% share of price cuts confirms sellers’ advantage and would need to rise before any cooling becomes evident. Additionally, the elevated rent index of $1,495 versus the state’s $1,045 provides a safety net of investor demand, while the local unemployment rate of 3.2% supports household financial stability. Without population growth data, we cannot confirm that resident inflow matches price gains, but current fundamentals do not point to a slowdown. Barring an external economic shock, Racine real estate should remain a competitive, high-performing market through the coming quarters.
AI-generated analysis based on current market data. Last updated July 11, 2026.
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Racine, WI market data
Racine, WI Housing Market Overview
Racine, WI's median home value is $317K, up 9.3% over the past year. Homes here sell in a median 29 days. Its PropertyIQ Score of 96 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 96 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.
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.
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Market data through June 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 96, 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 $317K, up 9.3% 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 96, 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 96 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 9.3%, reaching $317K. Over the latest three months, values moved up 3.8%, 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 29 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 11% 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 June 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.