Rent to own Homes in Racine, WI
The city of Racine, Wisconsin, located on the shores of Lake Michigan in Racine County, has a population of 78,303 people. The story goes that a fleet of eight canoes carrying a party of French explorers entered the head of Root River ("root" is "racine" in french), making the French the first Europeans known to visit the area now known as Racine County. Years later, but before the Civil War, this area was known for its strong opposition to slavery. In fact, the Underground Railroad that passed through the city helped many slaves escape to freedom. One of the area's most famous incidents involved a slave by the name of Joshua Glover, who had escaped the South and made a home in Racine where he was arrested in 1854 and jailed by federal marshals. One hundred men from Racine and thousands more from around the state rallied together, broke into the jail and freed Mr. Glover, ultimately helping him make his escape to Canada. The people of Racine have always fought for freedom, independence and equality, no matter your gender or race. If you want to live in Racine, chances are you'll be able to find a rental home or a place to buy.
Racine, WI is a great place for affordable rent-to-own homes! With a median household income of over $44,346 and a median rent of $860, the Racine, WI rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Racine, WI. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Racine, WI Property Resources
Rent to own Homes in Cities Near Racine, WI
- Antioch
- Bristol
- Browns Lake
- Caledonia
- Camp Lake
- Channel Lake
- Cudahy
- Eagle Lake
- Fox Lake
- Gages Lake
- Grandwood Park
- Grayslake
- Greenfield
- Green Oaks
- Hainesville
- Hawthorn Woods
- Highland Park
- Highwood
- Knollwood
- Lake Catherine
- Lake Villa
- Libertyville
- Lily Lake
- Lincolnshire
- Long Lake
- Mettawa
- Milwaukee
- Mundelein
- Muskego
- New Munster
- North Bay
- Oak Creek
- Old Mill Creek
- Paddock Lake
- Park City
- Raymond
- Rochester
- Round Lake
- Salem Lakes
- Somers
- South Milwaukee
- Spring Grove
- Sturtevant
- Trevor
- Twin Lakes
- Union Grove
- Wilmot
- Wind Point
- Winthrop Harbor
- Zion
Neighborhoods in Racine, WI
No neighborhoods foundPopular Zip Codes in Racine, WI
53401 rent to own homes 53408 rent to own homes 53404 rent to own homes 53405 rent to own homesBuying a Home in Racine, WI
Racine, WI is seeing rapid growth and Racine, WI's' housing market remains optimal with an average home price that is -47% below the 2024 national average. Racine, WI is part of Racine county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Racine is 1.89% which is above the national average, which is 0.99%.
Median Home Price in Racine, WI
Median Rent in Racine, WI
Top Reasons to Live in Racine WI
Housing Statistics The median home sale price in Racine is $121,100. The median price for rent is $744 per month, so it's not hard to see why 32.15% of the population chooses to rent instead of buying their own home. The vacancy rates are a low 6.39%, which is always a good sign for any neighborhood or community. Racine is a great place to find a rental home or to rent an apartment.
Local Events and Festivals There is never a shortage of things to do in Racine. The annual 4th of July fireworks parade and festival brings in over 100,000 people and can be seen all along Racine's lakefront, which stretches for miles. Some of these areas include North Beach, Knapp Park, Zoo Beach, Gaslight Pointe, Festival Park and Harbor Park. As you might have surmised, Lake Michigan is a huge attraction in this area and many locals enjoy boating, waterskiing, jet skiing, fishing or just strolling along the shores. There is also the Animal Crackers Jazz Series, which is held five times throughout the summer at the Racine Zoological Gardens and is extremely popular. The Great Lakes Brew Fest is also a local favorite held every year in September that features great beer from the Great Lakes as a charity benefiting Kilties and Drum Bugle Corp of Racine.
Arts and Culture Are you an arts lover looking to live in Racine? You won't find any shortage of creative people making beautiful and interesting work. The Racine Art Museum is home to a huge selection of crafts from different artists. The city's art isn't just contained in a museum, though; artists in the town are taking to the streets to turn one part of town into the Uptown Racine Arts District, where local artists get to decorate the streets and different facets of the city.
Racine Neighborhoods Racine has many different neighborhoods - each filled with residences you can rent, own, or rent to own. Here are two you should know about: