The story of this market
The typical home in ZIP 54806 sells for about $225,000, or $135 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $763 a month.
ZIP 54806 — Ashland
The housing market in 54806 remains stable with steady demand for residential properties, supported by a limited inventory of homes for sale. Prices have seen modest year-over-year growth, reflecting a balanced market environment driven by local economic stability and interest from regional buyers.
This ZIP is well-suited for families and outdoor enthusiasts seeking a small-town lifestyle with access to Lake Superior, as well as retirees looking for affordable housing options.
Median prices moved up 3.2% year over year.
Homes spend a median of 68 days on market with 5.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.7% · poverty 13.9% — 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 6.7%/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 5.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 54806, Ashland 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.
Crime rates in Ashland are generally low and consistent with regional trends for rural northern Wisconsin, though property crime remains the most frequently reported incident type.
The area is served by the School District of Ashland, which provides a range of public education options including elementary, middle, and high school facilities.
The region faces seasonal risks related to heavy winter snowfall and potential flooding near the Lake Superior shoreline, with standard insurance coverage recommended for property owners.
Economic momentum is driven by local government, healthcare, and tourism sectors, with ongoing efforts to maintain infrastructure and support small-scale residential development.
Property taxes are assessed at the municipal and county levels based on equalized value, with specific levies for school districts and technical colleges; no state-level property tax exists.
Commuting is primarily car-dependent, with most residents working within the city of Ashland or traveling to nearby regional hubs via US Highway 2.
The area offers extensive access to Lake Superior, including public parks, waterfront trails, and proximity to the Chequamegon-Nicolet National Forest for outdoor activities.
The rental market is characterized by limited inventory and steady demand, with a mix of long-term residential units and seasonal housing for the tourism industry.
The economy is anchored by healthcare services, public education, and the tourism industry, with significant employment provided by local government and regional retail.
Transportation is primarily served by US Highway 2 and State Highway 13, with limited public transit options available within the city limits.
Development is focused on small-scale residential infill and maintenance of existing municipal infrastructure.
Parcels are subject to levies from the Ashland School District and the Northwood Technical College district.
Property insurance premiums are influenced by regional weather risks, including heavy snow loads and proximity to Lake Superior.
Data retrieved from data.census.gov for ZCTA 54806.
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.
- Big Top Chautauqua4.815.8 mi
- Houghton Falls Nature Preserve4.810.2 mi
- Maslowski Beach Artesian Well4.84.4 mi
- Thompson's West End Park4.68.6 mi
- Bay Theater4.53.6 mi
- Ashland Mural Walk4.73.6 mi
- Bayfield Maritime Museum4.717.8 mi
- Madeline Island Museum4.616 mi
- Eckels Pottery and Fine Craft Gallery4.717.6 mi
- Houghton Falls State Natural Area4.810.2 mi
- Houghton Falls Nature Preserve4.810.2 mi
- Thompson's West End Park4.68.6 mi
- Kreher RV Park4.43.8 mi
- Bayview Park4.63.7 mi
- Washburn Marina4.78.4 mi
- L&M Fleet Supply4.63.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Public waterfront park on Lake Superior.
Local public golf facility.
Educational center highlighting regional history and ecology.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.