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RentData.org Logo Racine Fair Market Rent FY 2008 Racine, WI MSA Rental Data

Fair Market Rent Prices in Racine, WI :
$487 $569 $714 $888 $975
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Racine are high compared to the national average. This FMR area is more expensive than 82% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Racine is $714 per month.

The previous year, rent for a two-bedroom home was $695 per month. This is a 2.73% increase year-over-year.

This FMR rate applies to Honey Creek, WI, Rochester, WI, East Troy, WI, Waterford, WI, Mukwonago, WI, Muskego, WI, Racine, WI and other cities within the region. The Metro Code or CBSA code for this region is METRO39540M39540.

Additionally, This Fair Market Rent (FMR) area Racine, WI MSA spans one county or city in Wisconsin which is listed in the table below. Estimated population of Racine, WI MSA FMR area is 188,831 people based on 2000 Census data.

Compared to the rest of Wisconsin, the Racine FMR area is more expensive than 87% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Racine. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Racine

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 503
1-BR 1-Bedroom $ 604
2-BR 2-Bedroom $ 749
3-BR 3-Bedroom $ 935
4-BR 4-Bedroom $ 1008
Change Year:

There is just one county (listed below) within the Racine, WI MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Milwaukee.

County / Region Est. Population
Racine County, WI Metro 188,831
Zip Codes in Racine, WI MSA

There are 12 unique zip codes in this Fair Market Rent (FMR) area:

53120, 53138, 53149, 53150, 53167, 53185, 53401, 53402, 53404, 53405, 53406 and 53408

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