The story of this market
The typical home in ZIP 54514 sells for about $165,000, or $115 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $641 a month.
ZIP 54514 — Butternut
The housing market in 54514 is characterized by low inventory and slow turnover, typical of a rural, older-skewing population. Prices have seen modest appreciation, but the market remains highly localized with limited new development activity.
This ZIP is best suited for retirees, outdoor enthusiasts, and those seeking a quiet, low-cost rural lifestyle, rather than commuters or investors seeking high-density rental yields.
Median prices moved up 2.5% year over year.
Homes spend a median of 120 days on market with 9.5 months of supply — a slower-moving market.
15% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.1% · poverty 11.1% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 54514, Wisconsin
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by the Butternut School District, which provides small-town educational settings with limited extracurricular offerings compared to larger regional districts.
The region is characterized by significant forest cover, presenting a moderate wildfire risk, and is subject to heavy winter snowfall and seasonal wind events.
Economic momentum is driven primarily by forestry, tourism, and small-scale local services, with limited large-scale industrial or commercial development.
Property taxes are assessed at the municipal and county levels in Wisconsin, with rates determined by local school district levies and town/county budgets.
Commutes are primarily rural, relying on state highways like Highway 13 for travel to nearby employment hubs in Park Falls or Ashland.
The area is a hub for outdoor recreation, featuring extensive access to the Chequamegon-Nicolet National Forest, local lakes for fishing, and snowmobile trail networks.
The rental market is limited and primarily consists of single-family homes or seasonal cabins, with low turnover and minimal multi-family inventory.
The local economy is heavily reliant on the timber industry, seasonal tourism, and small-scale retail services.
Transportation is entirely dependent on private vehicles, with no public transit infrastructure available.
There are no major commercial or residential developments currently approved or under construction in this rural ZIP code.
Parcels are subject to local school district taxes and county-level property tax levies.
Property insurance premiums are influenced by the rural nature of the area and the associated risks of wildfire and severe winter weather.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Smith Lake County Park4.67.7 mi
- Smith Lake County Park4.67.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides vast acreage for hunting, hiking, and snowmobiling.
A primary local water body used for fishing and boating.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.