Racine, WI

Population: 78,199
Average annual home appreciation rate: 6.66%
Total of homes for sale in this market: 686
Median home price: $116,686
Median Rent: $747 per room
Home price range: 59.81% of homes are between $97,001 – $194,000
Median sales price: $104,900
Number of homes: 462
Median foreclosure sales price: $68,750
Foreclosure discount: 34%
Most common home type: 60.03% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 11.41%
Number of renters: 45.18%
Number of owner occupied: 54.82%
Number people living below poverty level: 22.91%
Unemployment rate: 8.10%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Racine area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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