The story of this market
The typical home in ZIP 54557 sells for about $394,600, or $313 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 43 days to sell. HUD's fair market rent for a two-bedroom is $969 a month.
ZIP 54557 — Presque Isle
As of August 2026, the market is a buyer's market with supply exceeding demand. The high volume of vacant, seasonal inventory and a small primary resident pool result in a niche market driven by recreational demand.
Fits those seeking secondary or retirement homes in a quiet, wilderness-heavy environment rather than active career-focused commuters.
Median prices moved up 2.5% year over year.
Homes spend a median of 43 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 99% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.3% · poverty 4.8% — a stable, low-distress profile.
ZCTA 54557, 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.
Schools in the area are rural with a very small student population.
Relatively low overall hazard risk; primary concerns include cold waves, lightning, and strong wind.
Limited development momentum; the area is a mature, natural-resource-dependent recreational destination.
Governed by Wisconsin state tax law and local Vilas and Iron County assessment practices.
Heavily reliant on personal vehicles with approximately 88% of residents driving to work.
Notable for abundant lakes, the Bearskin State Trail, and Minocqua Winter Park, serving as a hub for hiking, skiing, and water sports.
Very limited rental market; inventory is heavily skewed toward seasonal use.
Tourism and outdoor recreation are the primary drivers of the local economy.
Data retrieved from data.census.gov; figures reflect rural ZCTA characteristics.
- Lake of the Torches Resort Casino418.9 mi
- The Pines Restaurant and Beer Garden4.715.8 mi
- WinMan Trails4.97.2 mi
- River’s Edge Adventure Company4.910.9 mi
- WinMan Trails4.97.2 mi
- North Lakeland Discovery Center4.89 mi
- Greer's Pier Marina Inc.4.78.8 mi
- Boulder Marine Center4.79.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A popular multi-use trail for hiking and snowmobiling.
Regional hub for cross-country skiing and winter sports.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.