The story of this market
The typical home in ZIP 54847 sells for about $326,000, or $247 per square foot.
Prices are up +10.3% from a year ago, so sellers still have some momentum. Homes take about 74 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $800 a month.
ZIP 54847 — Iron River
The housing market in the Sawyer County area shows steady price appreciation with a 10.3% year-over-year increase in median sale prices. Demand remains active, though inventory levels are constrained, keeping the market competitive for buyers. Figures are based on county-level data as specific ZIP-level metrics for 54847 are not published in current reports.
The area is well-suited for those seeking a North Woods lifestyle, including retirees and vacation-home buyers, given the tourism-heavy economy.
Median prices moved up 10.3% year over year.
Homes spend a median of 74 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.8% · poverty 8.1% — a stable, low-distress profile.
ZCTA 54847, Sawyer 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 a regional hub in the North Woods with a tourism-driven economy and limited large-scale industrial development.
Property taxes are assessed at the county level in Sawyer County; specific district-level rates are not determinable.
The mean commute time for residents is approximately 12.3 minutes.
The area is known for its proximity to North Woods lakes, outdoor trails, and regional tourism amenities.
The local economy is heavily anchored by tourism, retail, and services catering to the North Woods region.
Transportation is primarily automobile-dependent with limited public transit infrastructure.
Data sourced from Census Reporter profile for Hayward city, which serves as the primary population center for ZIP 54847.
The area is defined by its extensive network of lakes and outdoor recreational access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.