Real Estate Investing in Racine, Wisconsin (53403)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 53403 (Racine, WI)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.7% vacancy may signal weakening demand.
What’s happening in Racine, WI (53403)?
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Market Analysis: 53403 Racine
The 53403 ZIP in Racine, WI is a local-operator market. Outside capital chasing a $218K entry has to pair deep knowledge with the discount.
The investment case in 53403 is solid only for operators who understand what they are buying. A $218K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader WI picture, 53403 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 53403 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 53403 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Racine:
Property Strategy for 53403
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $189,183 | $1,310 | 5.0% | +9.7% | $94,591 |
| 3BR | $221,768 | $1,750 | 5.7% | +9.2% | $73,923 |
| 4BR | $260,493 | $2,000 | 5.5% | +8.4% | $65,123 |
| 5BR | $223,122 | — | — | — | $44,624 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 53403 Compare?
| Metric | 53403 | Racine | Racine, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $218,470 | $219,931 | N/A | $320,446 |
| 5-Year CAGR | 7.7% | 8.2% | N/A | 7.3% |
| Avg Rent | $1,448 | $1,269 | N/A | - |
| Cap Rate | 5.2% | 4.5% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 53403 (Racine, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $218,470 |
| Monthly Rent | $1,448 |
| Price-to-Rent | 12.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.0% |
| Cap Rate | 5.2% |
| 5-Year IRR | 12.9% |
📈 Home Appreciation
| 1-Year | +7.8% ▲ |
| 3-Year CAGR | +8.0% ▲ |
| 5-Year CAGR | +7.7% ▲ |
| 10-Year CAGR | +8.5% ▲ |
🏠 Rent Trends
| 1-Year | +11.0% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 53403
Population: 26,696
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 53403
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Fratt Elementary
Johnson Elementary
Knapp Elementary
Starbuck - An IB World School
Walden III High
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 5,231 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of vacancy should I budget for in Racine, WI?
Expect elevated vacancy in Racine, WI. Rents at $1,448/mo are absorbed by the tenant base without meaningful lag.
How does Racine, WI stack up for property investment?
With a 3.0/5 investability score, Racine, WI ranks as a solid market for rental property investors. Median prices of $218K and rents of $1,448/mo drive the underlying numbers.
What is the average home sale price in Racine, WI?
Racine, WI median home values land near $218K. That is reasonable territory for investors looking at $1,448/mo-per-month rentals.
Is Racine, WI landlord-friendly?
Landlord-friendliness in Racine, WI is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the tenant pool like in Racine, WI?
Racine, WI draws a measured base of working renters. Demand at the $1,448/mo rent level is reasonable for standard single-family and small multi rentals.
You know 53403 now. You don’t know where it ranks.
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How 53403 ranks in Racine, WI
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