The story of this market
The typical home in ZIP 54552 sells for about $165,000, or $112 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 88 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $805 a month.
ZIP 54552 — Park Falls
The housing market in 54552 remains stable with low inventory and modest price appreciation. Demand is driven by local residents and seasonal buyers, though the limited supply of homes keeps the market balanced.
This ZIP is best suited for outdoor enthusiasts, retirees, and families seeking a quiet, rural lifestyle with affordable housing costs compared to urban centers.
Median prices moved up 3.2% year over year.
Homes spend a median of 88 days on market with 6.4 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 96.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.7% · poverty 14.5% — 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 4.1%/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 4.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 54552, Price 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 the Park Falls area are generally low, consistent with rural northern Wisconsin trends, and remain significantly below national averages.
The area is served by the Park Falls School District, which provides standard public education options for the local community.
The region faces typical northern Wisconsin climate risks, including heavy winter snowfall and potential for localized flooding near the Flambeau River; property insurance remains stable but sensitive to wildfire risk in heavily forested zones.
Economic momentum is driven by local manufacturing, forestry, and tourism, with limited large-scale infrastructure development currently reported.
Property taxes are assessed at the municipal level in Price County, with rates determined by local school district and county levies; no state income tax linkage exists for residential property assessments.
Commuting is primarily car-dependent, with State Highway 13 serving as the main arterial route for regional travel.
The area is a hub for outdoor recreation, featuring immediate access to the Flambeau River, extensive snowmobile and ATV trail networks, and proximity to the Chequamegon-Nicolet National Forest.
The rental market is characterized by low inventory and high demand for long-term housing, with limited new multi-family construction.
The local economy is anchored by manufacturing, timber, and tourism-related services.
Parcels are subject to Price County and Park Falls School District levies.
Insurance premiums are generally moderate, though proximity to dense forest land can influence wildfire coverage costs.
Data retrieved from data.census.gov ZCTA 54552 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.
- Lake of the Torches Resort Casino418.4 mi
- The Pines Restaurant and Beer Garden4.718.4 mi
- Chequamegon-Nicolet National Forest4.77.3 mi
- Smith Lake County Park4.611.3 mi
- Chequamegon-Nicolet National Forest4.77.3 mi
- Smith Lake County Park4.611.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major regional waterway for fishing and paddling.
Expansive public land for hiking, hunting, and recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.