The story of this market
The typical home in ZIP 54763 sells for about $279,900, or $185 per square foot.
Prices are up +4.3% from a year ago, so sellers still have some momentum. Homes take about 54 days to sell. HUD's fair market rent for a two-bedroom is $596 a month.
ZIP 54763 — Ridgeland
The Rice Lake housing market remains balanced with steady demand and moderate price appreciation. While population growth has been slightly negative, the local economy remains supported by stable manufacturing and healthcare sectors, keeping inventory levels tight.
This area is well-suited for families and retirees seeking a quiet, lake-oriented lifestyle with access to essential services. It is less ideal for those requiring high-density urban amenities or extensive public transit.
Median prices moved up 4.3% year over year.
Homes spend a median of 54 days on market with 1.3 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.1% · poverty 8.6% — a stable, low-distress 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 7.6%/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 4.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 54868, Barron 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 Rice Lake are generally consistent with regional averages for small Midwestern cities, with property crime being the primary concern. Local law enforcement maintains a stable presence, and there are no significant upward trends reported.
The Rice Lake Area School District serves the community with a range of public schools that are generally regarded as meeting state standards. The district is the primary provider for the area and maintains a stable academic reputation.
The area faces standard Midwestern climate risks, including winter storms and occasional severe summer weather. Flood risk is localized primarily to areas immediately adjacent to the lake and river systems.
Economic momentum is driven by local manufacturing, healthcare, and retail sectors serving the broader Barron County region. Infrastructure development is focused on maintaining existing transit corridors and supporting small-scale commercial expansion.
Property taxes are levied by the city, county, and school district, with rates determined by annual millage adjustments. Wisconsin utilizes a state-wide property tax assessment system with specific exemptions for primary residences.
Commutes are primarily car-dependent, with most residents working within the city or commuting to nearby regional hubs via US-53. Traffic congestion is minimal, and public transit options are limited.
The area is defined by its namesake lake, offering extensive boating, fishing, and swimming opportunities. Residents also enjoy access to local parks, golf courses, and a variety of retail shopping centers along the main commercial corridors.
The rental market is characterized by steady demand from local workers and students, with limited new multi-family supply. Vacancy rates remain low, keeping rent growth stable.
The economy is anchored by manufacturing, healthcare services, and regional retail. Major employers include local medical centers and industrial manufacturing firms.
The city is served by US Highway 53, which provides the primary north-south transit corridor. Infrastructure is focused on road maintenance and regional connectivity.
Development is primarily focused on small-scale residential infill and commercial upgrades along the main highway corridors.
The Barron County assessor manages property valuations, with assessments conducted periodically to reflect market value changes.
Parcels are subject to school district, county, and municipal taxes, with no major MUD/PID districts reported.
Property insurance premiums are stable, reflecting the area's low exposure to major natural disasters compared to coastal regions.
Data retrieved from data.census.gov and local market reports.
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.
The primary recreational anchor for the city, offering fishing and boating.
Regional retail hub serving the city and surrounding rural areas.
Public 18-hole course serving the local community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.