The story of this market
The typical home in ZIP 54861 sells for about $237,000, or $165 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 85 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 54861 — Odanah
The housing market in ZIP 54861 is currently balanced, characterized by steady pricing and moderate inventory levels. Buyer demand remains consistent, though longer days on market suggest a cautious approach to pricing in the current interest rate environment.
This area is best suited for outdoor enthusiasts, retirees, and families seeking a quiet, rural lifestyle with affordable housing options compared to larger Wisconsin metros.
Median prices moved up 2.1% year over year.
Homes spend a median of 85 days on market with 6.2 months of supply — a balanced-paced market.
13% of listings have cut prices · homes sell at 95.08% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 32.5% — 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 7.4%/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 5.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 54861, Price 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 Price County are generally low and remain stable, consistently ranking below state and national averages for violent and property crime.
Schools in the area are primarily served by small rural districts that maintain moderate performance ratings and focus on community-integrated education.
The region faces moderate risks related to severe winter weather and localized flooding near waterways, with standard insurance coverage typically available.
Economic momentum is driven by forestry, manufacturing, and tourism, with limited large-scale industrial development and a focus on maintaining rural infrastructure.
Property taxes are assessed at the county and municipal level based on fair market value, with rates influenced by local school district levies and state-mandated assessment formulas.
Commutes are primarily car-dependent, with residents traveling along state highways to reach regional employment hubs in Park Falls or Phillips.
The area is rich in outdoor amenities, featuring extensive access to the Chequamegon-Nicolet National Forest, numerous lakes for fishing, and miles of snowmobile and hiking trails.
The rental market is characterized by low inventory and high demand for long-term housing, with limited new multi-family construction and a steady presence of seasonal vacation rentals.
The local economy is anchored by the manufacturing, forestry, and healthcare sectors, with small businesses providing the bulk of local employment.
Transportation is almost exclusively private vehicle-based, with limited public transit options available in the rural county setting.
Development is focused on small-scale residential infill and commercial improvements within the established city limits of Phillips and Park Falls.
The Price County Assessor's office manages property valuations using a mass appraisal system based on annual market sales analysis.
Parcels are subject to local school district taxes, county levies, and specific emergency service district assessments.
Property insurance premiums are stable but reflect the regional risk of winter-related damage and wildfire exposure in forested areas.
Data retrieved from US Census Bureau ACS tables for ZCTA 54861.
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.
Expansive public land offering year-round outdoor recreation.
Renowned for canoeing, kayaking, and fishing opportunities.
Hosts community events and the annual county fair.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.