- Durante & Rich Real Estate is focused on single family rental homes (Condos, Town homes, and Single Family). Our goal is to make the process of tenant placement and management simple for the own... View full company profile
As of 2008, the rental vacancy rate in Racine stood at 5%, relatively low compared to the rest of the country. There are about 80,976 housing units, averaging $176,200 in value, 29% of which are occupied by renters. The rent to price ratio in Racine is 0.4%, slightly lower than the Wisconsin average. For 18% of Racine tenants, 30% or more of their income goes to paying rent.
Racine has a population of 198,870, comprised of 75,097 households, with on average 3 members per household. Out of approximately 103,854 people in the civilian workforce, 97,225 (94%) were employed in 2008. 87% of the population 25 and older has earned a high school diploma, with 23% holding a 4 year college degree.