What is the median home value in Bayfield County, WI?

The median home value in Bayfield County, WI is $228,100, according to the latest Census ACS 5-Year Estimates.

What is the cap rate in Bayfield County, WI?

The cap rate proxy in Bayfield County, WI is 4.2% (estimated from HUD Fair Market Rent and Census home values with a 35% expense ratio). This is below average, suggesting an appreciation-focused market.

How much new construction is happening in Bayfield County, WI?

Bayfield County has 16,410 residents and issued 129 building permits over the trailing twelve months, according to the Census Building Permits Survey.

Wisconsin

Bayfield County

16,410 residents129 permits TTM$69,609 median HHI10 ZIP codesUpdated April 28, 2026

Investor first look

Median home value

$228,100

ACS 5-Year

Cap rate proxy

4.2%

FMR × 0.65 ÷ Home Value

Rent-to-income

13.6%

HUD FMR ÷ ACS HHI

Net migration

+0.90%

IRS SOI

Permits (TTM)

129

Census BPS

Climate risk

35.1

FEMA NRI (0–100)

ZIP code breakdown10 ZIP codes

Numbers repeat across most ZIPs in this county

ZIP-level home-value data isn't published for rural areas. Federal sources (Census ACS, HUD non-metro FMR) are available at the county level only, so home-value, cap-rate, and rent-gap numbers use the county estimate for every ZIP in the county.

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
54814	$327,172	$973	3.6%	2.9%	18.9%
54821	$363,869	$973	3.2%	2.6%	18.9%
54827	$228,100county est.	$973	5.1%	4.2%	18.9%
54832	$228,100county est.	$973	5.1%	4.2%	18.9%
54839	$228,100county est.	$973	5.1%	4.2%	18.9%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
$228,100county est.	$973	5.1%	4.2%	18.9%
$228,100county est.	$973	5.1%	4.2%	18.9%
$235,090	$973	5.0%	4.0%	18.9%
$263,798	$973	4.4%	3.6%	18.9%
$286,396	$973	4.1%	3.3%	18.9%

Demographics

Owner-occupied

84.5%

Census ACS

Vacancy rate

43.8%

Census ACS

Bachelor's degree +

35.0%

Census ACS

Rent burdened

30.7%

Census ACS (>30% income)

Median age

54.1

Census ACS

Data sources

U.S. Census Bureau — American Community Survey 5-Year Estimates

U.S. Census Bureau — Building Permits Survey

U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)

Internal Revenue Service — Statistics of Income Migration Data

FEMA — National Risk Index

Last updated: April 28, 2026

Bayfield County

See all 10 ZIPs ranked by yield and cap rate