ZIP Code · WI

ZIP 53405

Part of Racine, WI

Pop. 26,793·Racine County·48th most expensive ZIP in Wisconsin

Median rent (all units)

$1,458/mo

Year-over-Year

Stable

Month-over-Month

-0.3%

vs US Median

-$474

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 53405 · $1,458

More affordable than 76% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$820

1 BR

$950

2 BR

$1,190

3 BR

$1,530

4 BR+

$1,890

Research median

$1,190/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($69,242) is $1,731 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,530); a 4-bedroom is $1,890.

Rank in Racine

3rd cheapest of 3 ZIP codes in Racine.

Cheaper nearby

ZIP 53404, 2 miles away, rents for 27% less ($1,068/mo), about $4,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 53405. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$17,496/yr

At $1,458/mo median

Location

CityRacine

StateWI

CountyRacine County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.0% YoY, -0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 53405 (Racine, WI) is majority owner-occupied, 25.6% of residents hold a bachelor's degree or higher.

Population

26,793

Median income

$69,242

Median age

36.9

Renters

23.7%

Age distribution

24.3%

22.7%

24.5%

17.1%

Under 1824.3%

18–3422.7%

35–5424.5%

55–6411.3%

65+17.1%

Gender

47.4%

52.6%

Male47.4%

Female52.6%

Race & ethnicity

66.1%

17.5%

White66.1%

Black11%

Hispanic17.5%

Asian1.3%

Other4.1%

Education (25+)

29.2%

38%

25.6%

No HS diploma7.3%

HS diploma29.2%

Some college38%

Bachelor's+25.6%

Housing tenure

76.3%

23.7%

Owner76.3%

Renter23.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 53405 in Racine, WI has changed in 5 years

Income

$57,289 → $69,242

up 20.9%

Population

26,987 → 26,793

down 0.7%

Renter share

26.4% → 23.7%

-2.7 pts

Bachelor's+

24.7% → 25.6%

+0.9 pts

Household income in the area moved from $57,289 to $69,242 across the same window, up 20.9% versus 2021. Renters now make up 23.7% of households, compared with 26.4% five years ago.

Community

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Local insights

Tips for renters in ZIP 53405

About renting in ZIP 53405

Last updated: October 17, 2026

ZIP code 53405 covers Racine, WI. The median rent here is $1,458/mo as of October 2026. A 1-bedroom rents for a median of $950/mo. A 2-bedroom rents for a median of $1,190/mo.

At 25% of local median household income ($69,242/yr), ZIP 53405 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 53405?

To keep rent at or below 30% of gross income, you would need to earn at least $58,000/year (about $28/hour full-time) to afford the median rent of $1,458/mo in ZIP 53405. The local median household income is $69,242/yr, so the typical household meets that bar.