Bayfield County, Wisconsin Housing Market Prices
Bayfield County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 3% above the Wisconsin median$175,446
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Median rent 25% below the Wisconsin median Cheaper than 73% of counties in Wisconsin$812
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Bayfield County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $175,446 | $170,479 | $248,835 |
| Price Trend (Annual %) | 2.9% | 4.2% | 7.5% |
| Median Gross Rent | $812 | $1,087 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bayfield County is about 3% higher than in Wisconsin. Rent is about 25% lower than the Wisconsin average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Bayfield County, up about 2.9% and 4.0% a year respectively. Rent is changing faster.
Median rent in Bayfield County rose about 32.6% between 2015 and 2024, from $612 to $812. Over the same span, rent in Wisconsin rose about 40.2%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Bayfield County.
Buying the median-priced home in Bayfield County costs roughly 18.0 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Bayfield County. The price-to-rent ratio in Wisconsin is about 13.1.
| Metric | Bayfield County | Wisconsin Avg | US Average |
|---|---|---|---|
| Median Home Price | $175,446 | $170,479 | $248,835 |
| Median Household Income | $71,393 | $77,698 | $80,455 |
| Price-to-Income Ratio | 2.5 | 2.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Bayfield County rose about 30.8%, while median household income rose about 55.5% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Bayfield County | Wisconsin Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 46.7% | 60.5% | 58.5% |
| Rental Rate | 9.0% | 28.7% | 31.2% |
| Vacancy Rate | 44.3% | 10.8% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Bayfield County has a homeownership rate of 46.7%, lower than the Wisconsin average of 60.5%. Its housing vacancy rate is 44.3%, compared with 10.8% in Wisconsin.
Housing Stock
| Metric | Bayfield County | Wisconsin Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.21 people | 2.33 people | 2.53 people |
| Median Structure Built Year | 1973 | 1974 | 1978 |
| Median Number of Rooms | 5.3 | 5.6 | 5.5 |
The typical housing unit in Bayfield County was built around 1973. On average, 2.2 people live in a home with about 5.3 rooms, staying for about 17.0 years on average.
Bayfield County, WI Housing Compared With Nearby Counties
How Bayfield County, WI compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Bayfield County, WI | 16,575 | $175,446 #1/2 | $812 #2/2 | 83.9% #1/2 |
| Douglas County, WI | 44,229 | $148,025 | $909 | 71.9% |
Frequently Asked Questions
Common questions about the housing market in Bayfield County, Wisconsin.
What is the median home price in Bayfield County, Wisconsin?
The median home price in Bayfield County, Wisconsin is $175,446, higher than the Wisconsin average of $170,479.
What is the average home price in Bayfield County, Wisconsin?
The typical home price in Bayfield County, Wisconsin, reported as the median sale price, is $175,446. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Bayfield County, Wisconsin?
The median gross rent in Bayfield County, Wisconsin is $812 per month, lower than the Wisconsin average of $1,087.
What was the median gross rent in Bayfield County in 2020?
In 2020, the median gross rent in Bayfield County, Wisconsin was $625 per month.
What is the price-to-rent ratio in Bayfield County, Wisconsin?
The price-to-rent ratio in Bayfield County, Wisconsin is about 18.0, meaning it would take roughly 18.0 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Bayfield County.
Are home prices or rent rising faster in Bayfield County, Wisconsin?
Both home prices and rent are rising in Bayfield County, up about 2.9% and 4.0% a year respectively. Rent is changing faster.
What is the homeownership rate in Bayfield County, Wisconsin?
46.7% of households in Bayfield County, Wisconsin own their home, lower than the Wisconsin average of 60.5%.
What is the vacancy rate in Bayfield County, Wisconsin?
The housing vacancy rate in Bayfield County, Wisconsin is 44.3%, higher than the Wisconsin average of 10.8%.
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