The story of this market
The typical home in ZIP 54538 sells for about $325,000, or $215 per square foot.
Prices are up +1.6% from a year ago, so sellers still have some momentum. Homes take about 22 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $543 a month.
ZIP 54538 — Lac Du Flambeau
The housing market in 54538 remains stable with low inventory and steady demand for lakefront properties. Prices have seen a modest year-over-year increase, supported by limited supply and consistent interest from seasonal buyers. The market is currently characterized by a balanced pace of sales despite the broader economic environment.
This ZIP is ideal for outdoor enthusiasts, retirees, and second-home buyers seeking lakefront access and a quiet, nature-oriented lifestyle.
Median prices moved up 1.6% year over year.
Homes spend a median of 22 days on market with 1.6 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 100.1% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 10.2% · poverty 27.4% — elevated distress and economic pressure.
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 6.5%/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 4.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 54538, 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.
Crime rates in this rural area are generally lower than the national average, with property-related incidents being the most common reports.
Schools serving this area are part of the Lac du Flambeau and Lakeland Union districts, generally maintaining stable performance ratings consistent with rural Wisconsin standards.
The area faces moderate risks related to winter weather and seasonal forest fire potential, with standard insurance coverage available for residential properties.
Economic momentum is driven primarily by tourism, seasonal recreation, and local service industries, with limited large-scale industrial development.
Property taxes are assessed at the local municipal level with standard state-level exemptions for primary residences; no special district surcharges are widely reported.
Commutes are primarily car-dependent, with residents traveling to nearby hubs like Minocqua or Woodruff for employment and essential services.
The area is a premier destination for outdoor recreation, featuring extensive access to the Lac du Flambeau chain of lakes, snowmobile trails, and forested public lands.
The rental market is heavily influenced by seasonal demand and short-term vacation rentals, leading to tight vacancy rates during peak summer months.
The local economy is anchored by the Lac du Flambeau Band of Lake Superior Chippewa, tourism, and seasonal hospitality services.
Transportation is almost exclusively via private vehicle, with limited public transit options available in this rural region.
Development is strictly managed to preserve the natural character of the lake district, with most projects being small-scale residential or tourism-related.
The county appraisal district conducts periodic assessments based on market value, with property owners having the right to appeal valuations.
Parcels are subject to local school district taxes and county-level levies for public services.
Property insurance premiums are stable but reflect the higher risk profile associated with wildfire exposure in heavily forested areas.
The state has seen modest net domestic migration gains, particularly among remote workers moving to rural areas.
Wisconsin is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a Real Estate Condition Report disclosing known material defects to potential buyers.
Data retrieved from data.census.gov 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.
- The Waters of Minocqua4.114.3 mi
- Settlers Mill Adventure Golf & Frozen Custard4.714.5 mi
- Lake of the Torches Resort Casino43.1 mi
- The Waters of Minocqua4.114.3 mi
- Norwood Pines Supper Club4.511.6 mi
- Minocqua Yacht Club4.313.5 mi
- The Pines Restaurant and Beer Garden4.713.4 mi
- Lake of the Torches Resort Casino43.1 mi
- Wildwood Wildlife Park Zoo & Safari4.711.4 mi
- WinMan Trails4.911.7 mi
- Firefly Lake Campground4.712.2 mi
- World's Largest Penny4.312.3 mi
- Wildwood Wildlife Park Zoo & Safari4.711.4 mi
- WinMan Trails4.911.7 mi
- Minocqua Winter Park4.713 mi
- North Lakeland Discovery Center4.89 mi
- Fallison Lake Nature Trail4.812.9 mi
- Lynn Ann's Campground4.518.6 mi
- Greer's Pier Marina Inc.4.77.2 mi
- Boulder Marine Center4.713.1 mi
- Minocqua Lakeside4.815.4 mi
- 70-West Center4.412 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A massive system of interconnected lakes popular for fishing and boating.
Expansive public land offering hiking, camping, and wildlife viewing.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.