Village in Racine County, Wisconsin. Data-backed housing guide by Kinan Sawar, MD — REALTOR® at Shorewest, REALTORS®. Figures as of 2026-07-03.
| Typical home value | $348,334 |
|---|---|
| 1-year change | +5.2% |
| 5-year change | +33.7% |
| Typical rent | $1,683 per month |
| Gross rent yield | +5.8% |
The typical home in Mount Pleasant, Wisconsin is worth about $348,334 as of 2026-07-03, up 5.2% over the past year and up 33.7% over five years. Source: Zillow Home Value Index, compiled by Sawar Homes.
Mount Pleasant is one of the few area markets where the full rental math is visible in the data — and the math is notable. Typical rent of $1,683 per month against a typical home value of $348,334 produces a 5.8% gross rent yield, with rents themselves up 4.1% over the past year.
On the ownership side, the village prices below its county: 11th of 14 Racine County municipalities, about $71,000 under the county median of $419,415, and roughly $107,500 under the seven-county regional median of $455,834.
Values have kept moving. The typical home is up 5.2% over the past year and 33.7% over five years through April 30, 2026 — appreciation and rent growth running in the same direction.
At $348,334, Mount Pleasant sits about 17% below the Racine County median and about 24% below the regional median. Its 11-of-14 rank puts it in the county's lower half by typical value, in a near-tie with neighboring Elmwood Park ($353,052) and ahead of Union Grove ($339,064).
Both sides of the market have been appreciating: home values gained 5.2% in a year while typical rent climbed 4.1% to $1,683. Annualized, that rent is $20,196 against a $348,334 typical value — the source of the 5.8% gross yield figure. Gross yield excludes property taxes, insurance, maintenance, and vacancy, so net returns will be lower, and none of these figures guarantee future performance.
ZIP-level data adds one more layer: 53406 shows a typical value of $326,374 — about $22,000 below the village-wide number — with typical rent of $1,676, nearly identical to the village figure. Rent holding flat across a lower-value ZIP is part of what supports the yield.
| ZIP code | Typical home value | 1-year change | Typical rent |
|---|---|---|---|
| 53406 | $326,374 | +5.1% | $1,676/mo |
| Homes sold (arms-length, single-family) | 565 |
|---|---|
| Median sale price | $310,000 |
| Middle 50% of sales | $200,000 to $442,000 |
| Government-backed financing (FHA/VA/USDA) | 4.1% |
| Seller-financed | 0.5% |
Over the 12 months ending June 2026, 565 single-family homes sold in Mount Pleasant, Wisconsin in arms-length transactions, at a median price of $310,000. Half of those sales fell between $200,000 and $442,000. Source: Wisconsin Department of Revenue real estate transfer returns, compiled by Sawar Homes — every recorded sale, including for-sale-by-owner and builder-direct transactions that never appear in the MLS.
Zillow’s typical-home-value estimate for Mount Pleasant is $348,334, while homes that actually changed hands had a median price of $310,000 — a difference of -11%. These measure different things, and neither is wrong: the index estimates the value of every home whether or not it sold, while the sale figure reflects only the homes that changed hands, which usually skew toward the more affordable end of the market.
For buyers, Mount Pleasant combines a below-county-median price with visible rent data — useful even for owner-occupants, because typical rent of $1,683 per month gives you a concrete own-versus-rent comparison for your monthly budget. The 5.2% one-year value gain means prices have been moving; in the recent data, hesitation has carried a cost. Investors should underwrite from the 5.8% gross yield down to a net figure using their own tax, insurance, and vacancy assumptions.
Sellers here have two audiences: owner-occupants and, given the yield data, potential investors. That widens the buyer pool relative to markets where the rental math is thin. With 33.7% five-year appreciation behind the market and Elmwood Park priced within $5,000, accurate pricing against current village and ZIP 53406 data is what converts interest into offers. Past demand patterns do not guarantee any individual sale outcome.
Mount Pleasant wraps around the west and south sides of Racine, reaching from a stretch of Lake Michigan shoreline to the I-94 corridor. The Pike River Pathway links parkland along its namesake river, Smolenski Park and Campus Park host concerts and beer gardens in summer, and everyday shopping lines the Washington Avenue (Highway 20) and Highway 31 corridors.
Dates and details change year to year — check each event’s organizers for current schedules.
The typical home value is $348,334 as of April 30, 2026 — up 5.2% in one year and 33.7% over five years. In ZIP 53406, the typical value is $326,374.
Typical rent is $1,683 per month village-wide (up 4.1% year over year), and $1,676 in ZIP 53406, per data through April 30, 2026.
Gross rent yield is 5.8% — typical annual rent of $20,196 against a $348,334 typical value. Gross yield excludes taxes, insurance, maintenance, and vacancy, and past figures do not guarantee future returns.
By typical value, yes — about $71,000 (roughly 17%) below the county median of $419,415, ranking 11th of 14 municipalities.
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Kinan Sawar, MD — REALTOR® at Shorewest, REALTORS®, serving Milwaukee and Southeast Wisconsin (Milwaukee, Waukesha, Ozaukee, Washington, Racine, Kenosha, and Walworth counties). Email: [email protected] · Phone: (618) 713-2964.
How to choose a real estate agent in Mount Pleasant and Milwaukee — a five-question checklist
Get a free Mount Pleasant home valuation · Contact Kinan Sawar
Home values and rents are Zillow ZHVI/ZORI estimates for the named area, as of 2026-07-03; incomes and population are U.S. Census (SAIPE, Population Estimates); migration is IRS Statistics of Income. Area-level statistical estimates for information only — not an appraisal, and not financial, legal, or tax advice.