Racine, WI mortgage calculator

Racine
Mortgage
Calculator

Racine sits on Lake Michigan between Milwaukee and the Illinois border, with a manufacturing base that has drawn recent large-scale investment. Racine County's property tax rate is high, a significant factor at this price point.

2.3% county property tax
Real local rates
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Interest rate6.48%
Monthly payment
$1,402
P&I · Taxes · Insurance
Total interest
$193,148
Principal & Interest$959/mo
Property Tax (2.3%)$364/mo
Homeowners Insurance$79/mo

Recommended for incomes above $65k/yr (28% DTI rule)

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2.3%
Racine area property tax rate
$190,000
Racine median home price
$1,402
est. monthly payment at defaults

Racine housing market

$190,000
Median home price
$48,000
Median household income
76,979
City population

The 2.3% property tax rate reflects the county-level effective rate for Racine and is used to calculate your monthly tax escrow above. This rate may differ from the statewide Wisconsin average — county-level data produces more accurate monthly payment estimates for Racine buyers. Many Racine properties also carry HOA fees — the area average is approximately $50/month, which is not included in the calculator above.

Rate history

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