How much house does $500,000 buy you in Racine?
Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Racine?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Racine right now. Listings below $500,000 were included if necessary.
2655 Driftwood Trl, Burlington, WI 53105
- Price: $499,900
- 5 bedrooms, 3 bathrooms
- Square feet: 3,989
- See 2655 Driftwood Trl, Burlington, WI 53105 on Redfin.com
9 Sandalwood Ct, Racine, WI 53402
- Price: $495,000
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,860
- See 9 Sandalwood Ct, Racine, WI 53402 on Redfin.com
6532 Kingsview Dr, Mount Pleasant, WI 53406
- Price: $469,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,980
- See 6532 Kingsview Dr, Mount Pleasant, WI 53406 on Redfin.com
4 Greenwood Ct, Racine, WI 53402
- Price: $465,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 3,038
- See 4 Greenwood Ct, Racine, WI 53402 on Redfin.com
4244 Pennington Ln, Mount Pleasant, WI 53403
- Price: $449,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,923
- See 4244 Pennington Ln, Mount Pleasant, WI 53403 on Redfin.com
5051 Yates Dr, Mt Pleasant, WI 53403
- Price: $464,990
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,156
- See 5051 Yates Dr, Mt Pleasant, WI 53403 on Redfin.com
7038 Oakmont Rd, Mt Pleasant, WI 53403
- Price: $494,990
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,156
- See 7038 Oakmont Rd, Mt Pleasant, WI 53403 on Redfin.com
7052 Fair Oaks Rd, Mt Pleasant, WI 53403
- Price: $479,990
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,156
- See 7052 Fair Oaks Rd, Mt Pleasant, WI 53403 on Redfin.com
657 Cherrywood Dr, Waterford, WI 53185
- Price: $499,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,138
- See 657 Cherrywood Dr, Waterford, WI 53185 on Redfin.com
7040 Fair Oaks Rd, Mt Pleasant, WI 53403
- Price: $471,990
- 4 bedrooms, 2.5 bathrooms
- Square feet: 1,953
- See 7040 Fair Oaks Rd, Mt Pleasant, WI 53403 on Redfin.com
7039 Oakmont Rd, Mt Pleasant, WI 53403
- Price: $471,990
- 4 bedrooms, 2.5 bathrooms
- Square feet: 1,953
- See 7039 Oakmont Rd, Mt Pleasant, WI 53403 on Redfin.com
7051 Oakmont Rd, Mt Pleasant, WI 53403
- Price: $471,990
- 4 bedrooms, 2.5 bathrooms
- Square feet: 1,953
- See 7051 Oakmont Rd, Mt Pleasant, WI 53403 on Redfin.com
7064 Fair Oaks Rd, Mt Pleasant, WI 53403
- Price: $469,990
- 4 bedrooms, 2.5 bathrooms
- Square feet: 1,953
- See 7064 Fair Oaks Rd, Mt Pleasant, WI 53403 on Redfin.com
7054 Oakmont Rd, Mt Pleasant, WI 53403
- Price: $497,990
- 4 bedrooms, 2.5 bathrooms
- Square feet: 1,953
- See 7054 Oakmont Rd, Mt Pleasant, WI 53403 on Redfin.com
7063 Oakmont Rd, Mt Pleasant, WI 53403
- Price: $471,990
- 4 bedrooms, 2.5 bathrooms
- Square feet: 1,953
- See 7063 Oakmont Rd, Mt Pleasant, WI 53403 on Redfin.com
2314 Raintree Ln, Mount Pleasant, WI 53406
- Price: $489,900
- 3 bedrooms, 3.5 bathrooms
- Square feet: 2,823
- See 2314 Raintree Ln, Mount Pleasant, WI 53406 on Redfin.com
1228 Main St, Racine, WI 53403
- Price: $499,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,268
- See 1228 Main St, Racine, WI 53403 on Redfin.com
8303 Whitetail Dr, Mount Pleasant, WI 53406
- Price: $470,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 2,010
- See 8303 Whitetail Dr, Mount Pleasant, WI 53406 on Redfin.com
6343 Ptarmigan Rd, Mount Pleasant, WI 53406
- Price: $465,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,845
- See 6343 Ptarmigan Rd, Mount Pleasant, WI 53406 on Redfin.com
144 Riverside Dr, Waterford, WI 53185
- Price: $440,000
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,568
- See 144 Riverside Dr, Waterford, WI 53185 on Redfin.com
929 5 Mile Rd, Racine, WI 53402
- Price: $469,900
- 3 bedrooms, 2.5 bathrooms
- Square feet: 1,511
- See 929 5 Mile Rd, Racine, WI 53402 on Redfin.com
27021 S Elm Ln, Waterford, WI 53185
- Price: $475,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,289
- See 27021 S Elm Ln, Waterford, WI 53185 on Redfin.com
142 Riverside Dr, Waterford, WI 53185
- Price: $499,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,840
- See 142 Riverside Dr, Waterford, WI 53185 on Redfin.com
Lt3 N Stuart Rd, Mt Pleasant, WI 53406
- Price: $489,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,691
- See Lt3 N Stuart Rd, Mt Pleasant, WI 53406 on Redfin.com
710 River Ridge Dr, Waterford, WI 53185
- Price: $459,900
- 3 bedrooms, 2 bathrooms
- Square feet: 1,501
- See 710 River Ridge Dr, Waterford, WI 53185 on Redfin.com
30701 Jeffrey Dr, Burlington, WI 53105
- Price: $449,280
- 3 bedrooms, 2 bathrooms
- Square feet: 1,467
- See 30701 Jeffrey Dr, Burlington, WI 53105 on Redfin.com
33820 Oriole Cir, Burlington, WI 53105
- Price: $459,900
- 3 bedrooms, 1.5 bathrooms
- Square feet: 2,158
- See 33820 Oriole Cir, Burlington, WI 53105 on Redfin.com
312 Trailview Ct, Waterford, WI 53185
- Price: $459,900
- 2 bedrooms, 2 bathrooms
- Square feet: 1,640
- See 312 Trailview Ct, Waterford, WI 53185 on Redfin.com
311 Trailview Ct, Waterford, WI 53185
- Price: $439,900
- 2 bedrooms, 2 bathrooms
- Square feet: 1,500
- See 311 Trailview Ct, Waterford, WI 53185 on Redfin.com
313 Trailview Ct, Waterford, WI 53185
- Price: $439,900
- 2 bedrooms, 2 bathrooms
- Square feet: 1,500
- See 313 Trailview Ct, Waterford, WI 53185 on Redfin.com
