According to the United States Census Bureau, the village has a total area of 0.44 square miles (1.14 km2), all land.

There were 333 housing units at an average density of 756.8 per square mile (292.2/km2).

29.5% of all households were made up of individuals, and 14.9% had someone living alone who was 65 years of age or older.

There were 324 housing units at an average density of 778.7 per square mile (300.7/km2).

27.2% of all households were made up of individuals, and 11.9% had someone living alone who was 65 years of age or older.

Public education in the village of Racine is provided by the Southern Local School District.