The story of this market
The typical home in ZIP 54814 sells for about $349,900, or $215 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $692 a month.
ZIP 54814 — Bayfield
The housing market in 54814 remains stable, characterized by low inventory and steady demand for seasonal and primary residences. Prices have seen modest year-over-year growth, supported by the area's appeal as a recreational destination, though high interest rates continue to temper transaction volume.
This ZIP is ideal for outdoor enthusiasts, retirees, and remote workers seeking a high quality of life in a scenic, rural environment, though it is less suited for those requiring proximity to major urban employment centers.
Median prices moved up 2.4% year over year.
Homes spend a median of 112 days on market with 6.2 months of supply — a slower-moving 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 7.7% · poverty 18.5% — a mixed stability 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 7.3%/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 5.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 54814, Bayfield 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 the Bayfield area are generally low, consistent with rural northern Wisconsin communities and significantly below national averages.
The area is served by the School District of Bayfield, which maintains small class sizes and a focus on community-integrated learning.
The region faces risks from severe winter weather and lake-effect snow, with property insurance premiums reflecting these climate-related hazards.
Economic momentum is driven by tourism, seasonal agriculture, and small-scale residential development, with limited large-scale industrial expansion.
Property taxes are assessed at the municipal level in Bayfield County, with rates influenced by local school district levies and county-wide services.
Commuting is primarily by private vehicle, with limited public transit options available for travel to regional employment hubs like Ashland.
The area is a premier destination for outdoor recreation, featuring immediate access to Lake Superior, the Apostle Islands National Lakeshore, and extensive hiking and cross-country ski trails.
The rental market is tight due to high demand for seasonal housing and limited inventory, with a notable presence of short-term vacation rentals.
The economy is heavily reliant on tourism, seasonal hospitality, and local agriculture, with the nearby city of Ashland serving as a secondary employment hub.
Transportation infrastructure is centered on State Highway 13, which serves as the primary corridor for regional travel along the Lake Superior shoreline.
Development is strictly managed to preserve the rural and scenic character of the Bayfield peninsula, with focus on small-scale residential and tourism-related projects.
The Bayfield County assessor manages property valuations, with assessments typically updated to reflect market trends in the seasonal housing sector.
Parcels are subject to local school district taxes and county-level levies for emergency services and infrastructure maintenance.
Property insurance costs are influenced by the area's exposure to severe winter weather and the high value of waterfront properties.
Data retrieved from data.census.gov for ZCTA 54814.
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.
Major regional attraction for boating, kayaking, and hiking.
Renowned seasonal performing arts center.
Collection of orchards and farms popular for agritourism.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.