Bayfield County, Wisconsin Housing Market
In Bayfield County, Wisconsin, the median home value is $240,800, with a median monthly rent of $812. This places Bayfield County at #971 nationally out of 3134 counties by median home value, and #26 within Wisconsin.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $921
- Establishments: 488
- BLS QCEW, 2025
Housing Supply
- Single-family: 128
- Multi-family: 40
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 7,476 (avg $79,120)
- Outflow: 6,886 (avg $76,565)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Bayfield County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 54838 | 201.8 | -18.97% | 2025 |
| 2 | 54891 | 240.8 | +1.97% | 2025 |
| 3 | 54873 | 252.6 | +7.58% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Bayfield County Compares
| Metric | Bayfield County | Wisconsin Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $240,800 | $234,086 | $227,706 |
| Median Gross Rent | $812 | $915 | $968 |
| Owner Occupancy Rate | 83.9% | 75.9% | 73.3% |
| Price/Rent Ratio | 24.7 | 21.2 | 18.7 |
Market Analysis
The median home value in Bayfield County is 2.9% above the Wisconsin state average and 5.8% above the U.S. national average. The median rent of $812/month is 11.3% below the state average.
With a price-to-rent ratio of 24.7, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Bayfield County has an owner-occupancy rate of 83.9%, compared to 75.9% in Wisconsin and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Catoosa County | Georgia | $240,900 | $993 |
| Smith County | Texas | $240,700 | $1,238 |
| Butts County | Georgia | $240,600 | $941 |
| Tipton County | Tennessee | $240,600 | $1,013 |
| Bell County | Texas | $241,000 | $1,224 |
Other Counties in Wisconsin
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Portage County | $243,100 | $940 | 69.7% |
| Dunn County | $243,200 | $985 | 67.0% |
| Oneida County | $238,400 | $885 | 82.3% |
| Sawyer County | $236,200 | $712 | 76.7% |
| Sheboygan County | $232,700 | $934 | 71.5% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).