Racine, WI Real Estate
According to census data in the year 2000 there were 33,458 housing units in Racine.
This represents a 0.9% growth from 33,156 in 1990.
Of those housing units, 33,458 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Racine is about 60.2%.
Racine's vacancy rate, including seasonal lodging, is about 5.9%.
Average household size is 2.54 people.
The majority of houses, apartments or condos in Racine were built after 1951.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.80% |
| One Bedroom | 13.30% |
| Two Bedrooms | 31.40% |
| Three Bedrooms | 40.90% |
| Four Bedrooms | 10.40% |
| Five Bedrooms or more | 2.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.67 |
| Median year structure was built | 1950 |
| Median Value of occupied units | $83,600 |
| Median Price asked for vacant units | $79,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.34 |
| Median year structure was built | 1955 |
| Median Monthly Rent asked for vacant units | $460 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 8.10% |
| Home Equity Loan | 11.90% |
| Simple Mortgage | 47.20% |
| Debt Free | 32.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.4% |
