Real Estate Investing in Racine, Wisconsin (53405)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 53405 (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.
No major risk flags on the data we track.
What’s happening in Racine, WI (53405)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 53405 Racine
Turning to rents, ZIP 53405 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $241K median. It rewards specialists, not generalists.
For an experienced owner, 53405 can be a a solid fit for hunting ground — but the discount at $241K reflects genuine risk that outside investors often underestimate.
The gap between 53405 and stronger Racine ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 53405 ZIP's population of 27,843 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
Experienced landlords with local relationships tend to find 53405 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Racine:
Property Strategy for 53405
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $183,494 | $1,190 | 4.7% | +9.7% | $91,747 |
| 3BR | $231,829 | $1,530 | 4.8% | +8.5% | $77,276 |
| 4BR | $268,257 | $1,890 | 5.1% | +8.0% | $67,064 |
| 5BR | $274,122 | — | — | — | $54,824 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 53405 Compare?
| Metric | 53405 | Racine | Racine, WI | Wisconsin |
|---|---|---|---|---|
| Home Value | $240,716 | $219,931 | N/A | $320,446 |
| 5-Year CAGR | 8.1% | 8.2% | N/A | 7.3% |
| Avg Rent | $1,150 | $1,269 | N/A | - |
| Cap Rate | 3.7% | 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 53405 (Racine, WI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $240,716 |
| Monthly Rent | $1,150 |
| Price-to-Rent | 17.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 11.8% |
📈 Home Appreciation
| 1-Year | +10.2% ▲ |
| 3-Year CAGR | +8.7% ▲ |
| 5-Year CAGR | +8.1% ▲ |
| 10-Year CAGR | +8.4% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.7%). 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 53405
Population: 27,843
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 53405
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Julian Thomas Elementary
Wadewitz Elementary
West Ridge Elementary
Bull Early Education Center
Gilmore Fine Arts School
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 is the median home value in Racine, WI?
Median home price in Racine, WI is near $241K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
What is the typical renter like in Racine, WI?
The tenant pool in Racine, WI is solid, supported by local employment and population fundamentals. Rents of $1,150/mo are well-absorbed by the market.
How do landlord-tenant laws work in Racine, WI?
Racine, WI operates under WI law, which is landlord-friendly overall for landlords. Expect steady treatment in typical lease and eviction cases.
Does Racine, WI make sense for an investment property?
Investors tracking Racine, WI will find a 3.0/5 rating supported by $241K median home values and $1,150/mo rents. That profile suits long-term holders targeting steady returns.
What type of investing works in Racine, WI?
For Racine, WI, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 53405 now. You don’t know where it ranks.
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How 53405 ranks in Racine, WI
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