Racine, MN housing market
The median sale price was $234,000 in April 2026.
Home values, sales, trends and how Racine compares with the towns next door — updated as new data is published.
Racine at a glance
Only 2 sales in April 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
9 new homes permitted in 2025
Builders were permitted 9 new homes in Racine in 2025, all single-family houses, worth about $1 million to build. Over the past 10 years, Racine has permitted 84 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Racine gained 16 residents while 61 new homes were permitted: about 0.3 new residents per new home. Building outpaced population growth, which usually means smaller households or homes used part of the year. Across Minnesota: 2.2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 7 | 7 | 0 | $780,000 |
| 2025 | 9 | 9 | 0 | $1 million |
| 2024 | 11 | 11 | 0 | $1.2 million |
| 2023 | 8 | 8 | 0 | $892,000 |
| 2022 | 10 | 10 | 0 | $1.1 million |
| 2021 | 9 | 9 | 0 | $1 million |
| 2020 | 8 | 8 | 0 | $892,000 |
| 2019 | 7 | 7 | 0 | $780,000 |
| 2018 | 7 | 7 | 0 | $780,000 |
| 2017 | 8 | 8 | 0 | $892,000 |
| 2016 | 7 | 7 | 0 | $780,000 |
| 2015 | 7 | 7 | 0 | $780,000 |
| 2014 | 6 | 6 | 0 | $669,000 |
| 2013 | 6 | 6 | 0 | $669,000 |
| 2012 | 5 | 5 | 0 | $557,000 |
| 2011 | 4 | 4 | 0 | $446,000 |
| 2010 | 4 | 4 | 0 | $446,000 |
| 2009 | 4 | 4 | 0 | $446,000 |
| 2008 | 5 | 5 | 0 | $557,000 |
| 2007 | 7 | 7 | 0 | $780,000 |
| 2006 | 9 | 9 | 0 | $1 million |
| 2005 | 10 | 10 | 0 | $1.1 million |
| 2004 | 10 | 10 | 0 | $1.1 million |
| 2003 | 10 | 10 | 0 | $1.1 million |
| 2002 | 7 | 7 | 0 | $779,000 |
| 2001 | 7 | 7 | 0 | $783,000 |
| 2000 | 3 | 3 | 0 | $325,000 |
Racine's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,450
HUD's Fair Market Rent for a two-bedroom in Racine is $1,450 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Racine pay a median of $1,271, so moving in tends to cost more than staying put.
Studio $1,000 · 4 bedrooms $2,020
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (55967; Fillmore County, MN HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, April 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.