Home Values

Racine Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$114,800

  • 5.7% 1-year change
  • 2.5% 1-year forecast

The median home value in Racine is $114,800. Racine home values have gone up 5.7% over the past year and Zillow predicts they will rise 2.5% within the next year. The median list price per square foot in Racine is $70, which is lower than the Racine Metro average of $81. The median price of homes currently listed in Racine is $92,000 while the median price of homes that sold is $88,500.

Foreclosures will be a factor impacting home values in the next several years. In Racine 5.5 homes are foreclosed (per 10,000). This is greater than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Racine is 5.3%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Racine homeowners underwater on their mortgage is 35.6%.

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Relative ZHVI
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Racine Market Overview

Data through Dec 31, 2014
  • $114,800 ZHVI
  • 2.5% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Dec 31, 2015)
  • $92,000 Median listing price
  • $88,500 Median sale price (Oct 31, 2014)
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Racine Market Health

Data through Dec 31, 2014
  • 2.2/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 35.6% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 5.3% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

5.5 homes(Oct 31, 2014) Racine
4 homes United States
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Nearby Cities

Name Median ZHVI
Wind Point $252,700
Yorkville $241,700
Raymond $235,100
Name Median ZHVI
Somers $176,600
Caledonia $175,400
Mount Pleasant $152,900
Name Median ZHVI
Oak Creek $128,200
Sturtevant $123,300
Kenosha $120,400

Listings & Sales

Data through Dec 31, 2014
  • $70 Median list price / sq ft
  • $69 Median sale price / sq ft (Oct 31, 2014)
  • 20.6% Listings with price cut
26.8%
Sold below listing
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Racine Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,034 Racine
    $1,250 Racine Metro
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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