The story of this market
The typical home in ZIP 54539 sells for about $267,900, or $150 per square foot.
Prices are down 8.3% from a year ago, which gives buyers more room to negotiate. Homes take about 69 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $834 a month.
ZIP 54539 — Lake Tomahawk
The housing market in 54539 is currently experiencing a cooling phase with declining median prices and rising inventory levels. High days on market and increased months of supply suggest a shift toward a buyer-favorable environment. Economic activity remains tied to seasonal tourism and local tribal operations.
This area is best suited for outdoor enthusiasts, vacation home buyers, and those seeking a rural, lake-focused lifestyle.
Median prices moved down 8.3% year over year.
Homes spend a median of 69 days on market with 6.3 months of supply — a balanced-paced market.
25% of listings have cut prices · homes sell at 98.4% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.8% · poverty 7.7% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 54539, Vilas County WI
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 subject to standard regional wildfire and seasonal weather risks common to Northern Wisconsin.
Economic activity is primarily driven by tourism and tribal enterprise operations.
Property taxes are assessed at the county level with rates determined by local school district and municipal levies.
Commuting is primarily car-dependent with limited public transit options available for regional travel.
The area is a destination for outdoor recreation, featuring extensive access to lakes, fishing, and forest trails.
The rental market is heavily influenced by seasonal tourism and short-term vacation rentals.
The local economy is anchored by the Lac du Flambeau Band of Lake Superior Chippewa and seasonal tourism.
Transportation is reliant on regional highway corridors with no major public transit infrastructure.
Vilas County manages property assessments through a centralized county-wide appraisal system.
Parcels are subject to local school district and municipal utility district levies.
Insurance premiums are influenced by regional wildfire risk and proximity to forested areas.
Data retrieved from Census Bureau ZCTA-level profiles.
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 Minocqua4.16.1 mi
- Elmers Fun Park4.49.7 mi
- Kartway4.418.9 mi
- Settlers Mill Adventure Golf & Frozen Custard4.75.9 mi
- Eagle Falls Adventure Golf & Laser Tag4.618.7 mi
- Lake of the Torches Resort Casino418.3 mi
- The Waters of Minocqua4.16.1 mi
- Norwood Pines Supper Club4.58.8 mi
- Hodag Country Festival4.712.2 mi
- Holiday Acres Resort on Lake Thompson4.617.9 mi
- Northwoods Children's Museum & Discovery Toy Store4.717.9 mi
- The Hodag Store4.815.2 mi
- PPHC - Railroad Museum4.715.2 mi
- Wildwood Wildlife Park Zoo & Safari4.78.8 mi
- Northern Highland–American Legion State Forest4.78 mi
- Bearskin Trailhead Park4.97.2 mi
- Torpy Park4.67.1 mi
- Raven Trail4.75 mi
- Lynn Ann's Campground4.58.9 mi
- Minocqua Lakeside4.86.4 mi
- Pinewood Golf Club4.58.9 mi
- 19th Hole Sports Bar & Grill4.58 mi
- St. Germain Flea Market4.68.9 mi
- 70-West Center4.48.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional destination for boating and fishing.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.