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Racine, OH Real Estate


According to census data in the year 2000 there were 318 housing units in Racine. This represents a 2.9% growth from 309 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 318 were located in what is classified as a rural area.

Homeownership rate in Racine is about 72.1%. Racine's vacancy rate, including seasonal lodging, is about 5.3%. Average household size is 2.53 people.

The majority of houses, apartments or condos in Racine were built after 1957.

Statistics

Housing Size

Housing Units by Size
Studio Type0.60%
One Bedroom4.70%
Two Bedrooms28.90%
Three Bedrooms43.40%
Four Bedrooms17.30%
Five Bedrooms or more5%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.59
Median year structure was built1955
Median Value of occupied units$57,400
Median Price asked for vacant units$37,500

Rented Homes, Apartments and Condos

Average Household Size2.39
Median year structure was built1968
Median Monthly Rent asked for vacant units$275

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan1.20%
Second Mortgage4.70%
Home Equity Loan1.70%
Simple Mortgage37.20%
Debt Free55.20%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs13.2%