Department of Numbers

Racine County Wisconsin Residential Rent and Rental Statistics

The median monthly gross residential rent in Racine County WI was $825 in 2017 according to the Census ACS survey.1 Average gross rent in Racine County was $864 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Racine County median and average rent data will be released in September of 2019.

Data is also available below for Racine County rental vacancy rates, Racine County rent as a percent of median income and the fraction of renters in Racine County.

Show dollars as: Nominal Real

Real Gross Rent in Racine County Wisconsin (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Wisconsin Median Gross Rent $819 +0.61% +2.25%
Racine County WI Median Gross Rent $825 -2.25% 0.00%

Racine County WI Real Gross Rent Trends

Median gross rent for Racine County peaked in real terms in 2016 at $844 and is now $19 (2.25%) lower. At $864, real average gross rent in Racine County was at its highest level in 2017 since the series began in 2005.

Real Gross Rent: Racine County WI Median, Racine County WI Average, Wisconsin Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Racine County

Date US
Median
Wisconsin
Median
Racine County WI
Median
Racine County WI
Average
2017 $1,012 $819 $825 $864
2016 $996 $814 $844 $834
2015 $987 $815 $823 $861
2014 $956 $801 $825 $789
2013 $924 $774 $787 $761
2012 $912 $767 $757 $777
2011 $912 $774 $779 $823
2010 $927 $775 $779 $785
2009 $931 $783 $785 $790
2008 $947 $809 $804 $795
2007 $899 $767 $762 $762
2006 $909 $784 $759 $751

Racine County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Racine County Wisconsin was 3.90% according to Census ACS data.

Rental Vacancy Rate in Racine County Wisconsin

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Wisconsin 5.20% +0.35% +0.56%
Racine County WI 3.90% -1.84% -3.65%

Trends in Racine County WI Rental Vacancy Rate

The rental vacancy rate in Racine County peaked in 2013 at 8.84%. Since then it has fallen by 4.94% to 3.90%. Data records for this series originated in 2005.

Rental Vacancy Rate: Racine County WI, Wisconsin, US

Rental vacancy rate in Wisconsin

Historical Rental Vacancy Rate data for Racine County

Date US Wisconsin Racine County WI
2017 6.18% 5.20% 3.90%
2016 5.89% 4.85% 5.74%
2015 5.85% 4.67% 5.42%
2014 6.32% 4.64% 7.55%
2013 6.49% 5.22% 8.84%
2012 6.77% 5.48% 6.11%
2011 7.40% 5.17% 6.39%
2010 8.17% 6.16% 6.80%
2009 8.43% 5.86% 6.76%
2008 7.86% 6.26% 6.34%
2007 7.87% 6.83% 5.52%
2006 7.70% 7.18% 4.66%

Rent as a Fraction of Income

Using median household income data for Racine County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Racine County, median monthly gross rent as a fraction of median household income was 16.26% in 2017 according to the ACS.

Racine County Wisconsin Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Wisconsin 16.57% -0.37% -1.26%
Racine County WI 16.26% -1.64% -1.48%

Trends in Racine County WI Rent as a Fraction of Income

The fraction of median Racine County household income required to pay median monthly gross rent peaked in 2016 (relative to the 2005 series origin) at 17.90%. Since then it has fallen by 1.64% to 16.26%.

Fraction of Income towards Rent: Racine County WI, Wisconsin, US

Percent of median household income going towards median monthly gross rent in Racine County Wisconsin

Historical Data for Annual Rent as a Fraction of Income in Racine County Wisconsin

Date US Wisconsin Racine County WI
2017 20.13% 16.57% 16.26%
2016 20.43% 16.94% 17.90%
2015 20.63% 17.08% 16.77%
2014 20.89% 17.83% 17.74%
2013 20.78% 17.67% 17.07%
2012 20.65% 17.46% 16.97%
2011 20.70% 17.60% 16.98%
2010 20.50% 17.51% 16.79%
2009 20.12% 16.99% 16.47%
2008 19.00% 16.22% 15.40%
2007 18.66% 15.97% 15.63%
2006 18.90% 16.19% 15.06%

Renter Fraction in Racine County Wisconsin

You can calculate the renter fraction in Racine County in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Racine County as a fraction of total Racine County households. In 2017 32.33% of households were renters according to Census ACS data.

Racine County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Wisconsin 33.39% +0.05% -0.01%
Racine County WI 32.33% -2.94% +0.87%

Trends in the Racine County WI Renter Fraction

The Racine County household renter fraction peaked in in 2016 at 35.27% and is now 2.94% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Racine County WI, Wisconsin, US

Fraction of renters in Racine County

History of Racine County Renter Fraction

Date US Wisconsin Racine County WI
2017 36.13% 33.39% 32.33%
2016 36.88% 33.34% 35.27%
2015 36.97% 33.21% 30.24%
2014 36.90% 33.40% 31.46%
2013 36.50% 32.82% 29.11%
2012 36.09% 32.71% 31.56%
2011 35.42% 32.15% 32.15%
2010 34.65% 31.30% 30.80%
2009 34.13% 31.02% 31.34%
2008 33.36% 29.87% 28.47%
2007 32.80% 29.92% 30.02%
2006 32.73% 29.55% 29.44%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.