The story of this market
The typical home in ZIP 54857 sells for about $232,500, or $145 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 59 days to sell. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 54857 — Mikana
The housing market in ZIP 54857 remains stable with modest year-over-year price appreciation and balanced inventory levels. Demand is driven by local buyers and those seeking recreational property, keeping the market steady despite broader economic headwinds. Current conditions reflect a typical rural market with limited turnover and consistent, moderate growth.
This ZIP is best suited for families and long-term residents seeking a quiet, affordable lifestyle with proximity to outdoor recreation, rather than commuters or investors looking for high-density urban amenities.
Median prices moved up 2.1% year over year.
Homes spend a median of 59 days on market with 3.8 months of supply — a fast-moving market.
12% 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 0.0% · poverty 0.0% — 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 5.4%/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 4.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 54857, Washburn 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 this area are generally lower than the regional average, with property crime being the most frequently reported incident type.
Local schools are part of a rural district that maintains stable performance ratings, though access to specialized academic programs is limited compared to larger urban centers.
The area faces moderate risk from seasonal wind events and localized flooding in low-lying zones, with standard insurance coverage widely available.
Economic momentum is driven by local agricultural and light industrial sectors, with steady but slow development of residential infrastructure.
Property taxes are assessed at the county level based on fair market value, with standard homestead exemptions available for primary residences.
Commuting primarily involves personal vehicle travel via state highways to reach regional employment hubs, as public transit options are not available.
Residents have access to local community parks, nearby lake access for fishing and boating, and basic retail shopping within a short driving distance.
The rental market is characterized by low vacancy rates and limited inventory, with most units consisting of single-family homes or small multi-family properties.
The local economy is anchored by tourism, forestry, and small-scale manufacturing, with a reliance on regional service-sector employment.
Transportation is almost exclusively dependent on private vehicles, with no significant public transit infrastructure serving the area.
Development is currently limited to small-scale residential infill and minor commercial improvements.
The county appraisal district conducts annual assessments based on market sales data and property inspections.
Parcels are subject to standard school district and county-level tax levies, with no major MUD or PID districts reported.
Property insurance premiums are stable, though coverage for specific environmental hazards remains a consideration for homeowners.
The state has experienced modest net domestic migration gains, primarily driven by individuals relocating from higher-cost urban areas.
Wisconsin is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a Real Estate Condition Report disclosing known defects to potential buyers.
Data retrieved from data.census.gov using ZCTA 54857 profile.
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.
Provides primary water recreation including fishing and boating.
Extensive public land for hiking, hunting, and snowmobiling.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.